Category Archives: City Hall Plaza

Planning Board OK’s 219 units for Center Circle

The Planning Board gave the green light for a five-story, 219-unit rental apartment complex to be constructed on Main Street adjacent to City Hall Plaza, SDI Technologies and Rahway Plaza Apartments.

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Planning Board to hear Center Circle plan

The Planning Board is expected to consider an application at its next meeting for the Center Circle property on Main Street. The meeting is scheduled for 7 p.m. on Tuesday and is open to the public.

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New concept plan for Center Circle site

The third version of a concept plan for the Center Circle site on Main Street would feature 219 rental units within a five-story complex.

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Meridia Water’s Edge sells for $29.3 million

Meridia Water’s Edge, a 108-unit rental building that began leasing two years ago, has sold for$29.328 million, or about $271,556 per unit.
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Agency moves forward on Center Circle plan

The Redevelopment Agency extended the conditional designation for a developer of The Center Circle, moving ahead with one of three proposed concepts.

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Revisting recent PILOTs

The tax assessment for Meridia Water’s Edge is more than $8 million, 20 percent higher than what I estimated a few years ago before construction began.  That means the disparity in would-be property taxes versus the Payment In Lieu Of Taxes (PILOT) is even wider than I originally projected.

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