Gelber Associates last year built an approximately 2,800-square-foot building with two commercial spaces adjacent to its existing storefronts at the shopping center. A Subway franchise relocated from the corner of St. Georges and West Milton avenues into about 1,000 square feet on the west side of the new building and Skaff’s will occupy the remaining space.
A substation on Monroe Street and Clarkson Place, just across the river from downtown, has the interest of a potential developer.
In his report to the Redevelopment Agency at its March 5 meeting, Redevelopment Director Peter Pelissier said he and Interim Mayor Samson Steinman met with Mark Fauci of Iselin-based American Properties about potential redevelopment sites in the city and one area that piqued interest was substation on Monroe Street and Clarkson Place. Years ago, the substation had been discussed in passing as another area for potential redevelopment, with the idea of entertaining Requests For Proposals (RFPs) for the area.
The City Council next month will consider the fourth Payment In Lieu Of Taxes (PILOT) in the last two years, this time for the largest project and the longest program yet.
The 248-unit project proposed on the site of The Center Circle sports complex likely will not require the Rahway River levee to be 18 feet. Rahway Main Street is expected to have a first floor elevation of 14 feet.
In his report to Redevelopment Agency commissioners at the March 5 meeting, Redevelopment Director Peter Pelissier said at the time that there may be some difficulty based on what the Department of Environmental Protection (DEP) sets as a levee. Preliminary conversations between the developer, Lavallette-based AST Development Corporation, and the DEP confirmed that the “flood plain does not appear to extend into the development site.”
A Main Street property that was among more than a half-dozen properties acquired years ago by developer Dornoch Holdings won a tax appeal, knocking about 17 percent off the tax bill for 2012 and a 6-percent reduction in the assessment.
The property at 1501 Main St. (Block 320, Lot 12) had an overall property tax bill of almost $14,700 last year. The assessment for 2013 was $229,700 and reduced by about 6.3 percent to $215,100, according to property records.
The City Council authorized a credit of $2,505.79 due to a judgment of the Continue reading Dornoch property wins tax appeal for 2012
The City Council on Monday night introduced a $51.83-million budget for 2014 that would increase the municipal portion of the average property tax bill by about $43.
A public hearing and final approval is scheduled at the City Council’s April 14 regular meeting. In the meantime, the budget will be sent to the state for technical review, Chief Financial Officer Frank Ruggiero told council members Monday night. He described it as a very aggressive budget that increases taxes about 1 percent over last year, staying under a state-imposed 2 percent cap. UPDATE: A copy of the budget can be found here. Continue reading Preliminary budget projects $43 tax hike
With nary a question or comment from the public, the City Council last night approved borrowing almost $3 million for improvements to Union County’s Rahway River Park and athletic facilities behind the high school on Madison Avenue.
Another month, another multi-year tax appeal is settled. A shopping center that straddles the border of Rahway and Woodbridge will get a refund of more than $188,000 on its tax bill over the last five years after the City Council approved a judgment by the state Tax Court.