The Redevelopment Agency would receive redevelopment fees of $1,000 per unit for a proposed 194-unit project on Main Street, under an agreement approved earlier this month.
The $194,000 would be paid in four installments: the first 25 percent upon approval of the final site plan. The project is expected to come before the Planning Board later this year. The second quarter would be paid upon the first building permits issued. Another 25 percent would be paid upon issuance of the first certificate of occupancy (CO), and the final quarter would be paid within 12 months of the first CO. Continue reading Redevelopment agreement approved for Donoch II project→
So, loyal readers, what would you like to see move into this space? It’s quite the key spot downtown with significant visibility on both East Cherry and Main streets. Keep in mind, it was home to a pharmacy for many years so there might be some limitations without serious renovations (such as Continue reading What would you like to see in this space?→
UPDATED: City Council unanimously approved ordinance (O-9-14) by an 8-0 vote (with only Councilman At-large James Baker absent) on Monday night. There was no comment from the public or council members.
Groundbreaking on Meridia Lafayette Village could be two to three months away as construction permits are in the process of being secured. By that timeline, construction could begin sometime after Memorial Day.
The City Council will hold a public hearing on the 2014 municipal budget during its meeting on Monday before giving final approval on the $51.8-million spending plan. The governing body is also scheduled to approve the Rahway Arts District‘s annual $130,000 budget, derived from the Special Improvement District (SID) tax.