Rahway’s overall assessed value is about 7 percent off since the recession with assessed values of apartments and industrial properties heading in opposite directions while commercial assessments are almost back to pre-recession levels.
Competition, geography, demographics. It all adds up to an uphill battle on the supermarket front for Rahway.
Rahway’s total taxable value nudged up slightly last year, highlighted by a sharp increase in apartment assessments thanks to a new building on the tax rolls, and a dip among industrial property due to lower assessments on Merck properties.
Here are the top 10 most viewed posts from 2016, based on view of the individual blog pages (not including the number of views of the site’s home page):
A vacant Pathmark in Delco Plaza that partially sits in both Rahway and Avenel will become a 24 Hour Fitness under an application approved by the Planning Board.
Two vacant economic development positions will be combined into one and shared between the city and Special Improvement District (SID).
Swaths of West Grand and Elizabeth avenues, industrial properties on Regina and New Brunswick avenues, and a shopping center that straddles the border with Woodbridge, are among six areas that could be studied as potential new areas of redevelopment.
Here’s a quick look at some retail and commercial turnover around town in the third quarter of 2016 (and then some):