Agency buys Hamilton Street home for $340K


The Redevelopment Agency last week authorized the purchase of a Hamilton Street home for $340,000 as part of an overall plan for an amphitheater at the former Hamilton Laundry site.

The agency previously made an offer of $310,000, which was rejected by the current owner, Colonia-based Grove Investments, LLC. The property is assessed at $146,700, according to PropertyShark.com, and paid about $6,400 in property taxes last year. PropertyShark lists the most recent sale date as February 1998, but no sales data was available on the 0.0859-acre site.

The multi-family home at 312-314 Hamilton St. (Block 167, Lot 44), adjacent to the former Hamilton Laundry, eventually will make way for a concession stand and restrooms, as part of the plans for an amphitheater along the river.