A 219-unit development planned for Main Street has filed an application with the state Department of Environmental Protection (DEP) for a water main extension application, with consent from City Council.
A 30-unit apartment complex on West Grand Avenue adjacent to the Wheatena section of Rahway River Park changed hands in April for $3.3 million, almost six years after it went for $2.55 million.
Payments In Lieu Of Taxes (PILOTs) more than doubled in last year’s municipal budget, eclipsing $2 million after three new projects were added to the tax rolls. The spending plan for 2017 anticipates $1.3 million after the expiration of one five-year PILOT.
Work at the Center Circle site on Main Street, namely removing the athletic bubbles, could begin as soon as the fall if permits and other timelines are met, setting the stage for construction of a 219-unit development that gained approval early this year.
Developers of a two-building complex approved in the center of downtown will move forward on one building as they try to resolve issues with Amtrak on the second.
A concept plan presented to the Redevelopment Agency last week proposed a two-building, 174-unit rental complex that would reconfigure on-street parking across the river from downtown.
Redevelopment officials and developers have agreed in principle on the use of Redevelopment Area Bonds (RABs) but are still working out details on the financing tool that would be part of 208-unit downtown project that includes extending Monroe Street.
Two months after work began on the site, tangible evidence can be seen of construction on a 58-unit affordable housing development geared toward artists.