Meridia Grand sold for $19 million

Barely two years after properties were razed to make way for the the 88-unit Meridia Grand, the five-story rental complex has sold for $19 million. The sale (Block 379, Lot 2.01) closed Oct. 25 and the buyer was listed as a West Hempstead, N.Y.-based entity called 3101-15 Ave. I, LLC.

2010 rendering

The seller, Capodagli Property Company, last week gained approval for a 108-unit rental project, Meridia Water’s Edge, to be built adjacent to the city library. City Council will vote tonight on awarding a PILOT (Payment In Lieu Of Taxes) to the project. The Pompton Plains-based developer also is negotiating to take over the foreclosed Savoy project at Main and Monroe streets.

2008 rendering

The Meridia Grand, which was named Renaissance at Rahway throughout the planning process, is assessed for $5.362 million and paid about $31,000 in property taxes last year. Apartments started leasing last summer.

Renaissance at Rahway originally had been planned as a 72-unit condo development but that was changed in 2008 to 64 rental units, before bumping the total to its present 88. The plan originally also called for developing the entire triangle block but one property owner declined to sell. The project also eliminated a stretch of Montgomery Street from East Grand Avenue to Monroe Street.

Poll results: Reduce mayor and Council salaries

More than a third of voters in our latest poll agreed that City Council should reduce the mayor’s salary, with another quarter adding that salaries for City Council members should be cut as well.

The City Council is scheduled to vote on a salary ordinance tomorrow night that would reduce the mayor’s salary by 68 percent, to $20,809.

Should the City Council reduce the mayor’s salary?* Yes. 34 percent (44/128 votes)
* Yes, but they should all be cut, including Council members. 23 percent (30/128)
* Not only cut, but salaries for all elected officials, and then some, should be cut. 17 percent (23/128)
* No. 12 percent, (16/128)
* No; you get what you pay for; they should be paid something to attract worthy candidates. 7 percent (10/128)
* Times are tough, make cuts wherever you can. 3 percent (5/128)

There were a total 128 votes cast in the latest poll and there was as smattering of votes both for and against that I received via email, which I’m not sure if they actually went to the site and clicked on the poll.

I always like to offer more than a yes/no question in the poll, and I realized too late (after I’d posted it and some votes had already come in) that I should’ve had another option, something like, “No, it reeks of political retribution,” since that’s what the mayor is claiming. Perhaps that would’ve gotten some more votes for the no group, or least another option, compared to the three “Yes” options. Either way, about three quarters of the votes favored a reduction in some way, and 40 percent wanted to cut all salaries, not just the mayor’s. In all, 20 percent of votes said don’t cut the mayor’s salary.

Remember this is a simple poll that, if you have enough time to waste, can be manipulated. It’s not exactly scientific.

City Council set to vote on mayor’s salary cut

The City Council is set to vote on a salary ordinance Monday night that would reduce the mayor’s salary by 68 percent. The council also is expected to override Mayor Rick Proctor’s veto of an anti-nepotism ordinance (O-33-11) as well as vote on a PILOT for the Meridia Water’s Edge development (O-29-11).

Continue reading City Council set to vote on mayor’s salary cut

Crime rate dips for fourth straight year

Overall crime in Rahway dipped some 15 percent last year, led by drops in larceny, burglary and motor vehicle thefts. It’s the fourth year in a row crime has dropped, according to the state Uniform Crime Report (UCR).

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Water’s Edge gains Planning Board approval

The Planning Board unanimously approved a major site plan and parking exceptions for Meridia Water’s Edge after about two hours of testimony Tuesday night.

Continue reading Water’s Edge gains Planning Board approval