Demolition of the A&M Industrial building on Campbell Street is expected to begin within the next month.
Central Jersey Wrecking & Recycling, Inc. of North Brunswick sent certified letters to the neighborhood last week advising property owners that demolition is scheduled to begin on or about May 22 on the two buildings, at 1414 Campbell St. and 1442 Campbell St.
The A&M building, as well as a neighboring home along Elm Avenue, will make way for Metro Rahway, a 116-unit rental complex. The five-story project will include 85 parking spaces on the ground level, along with another 17 on-site spaces and 18 on-street spaces. Metro Rahway was formerly referred to as Station Place during the planning process. Construction could begin as soon as this summer.
The A&M property was acquired by Metro Rahway Urban Renewal, LLC in East Hanover for $2.87 million on Nov. 20, according to property records. The 1.3-acre site is assessed at $974,800, for an annual property tax bill of about $57,000. Neighboring 1442 Campbell St. was acquired for $425,000 in 2007 and has a property tax bill of about $7,200. Metro Rahway has reportedly filed an application for a Payment In Lieu Of Taxes (PILOT).