Category Archives: Downtown

Apartments, Arts District, Downtown, Redevelopment Agency

Redevelopment agreement for artist housing

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A redevelopment agreement approved last month in March requires the Redevelopment Agency to close on the million-dollar acquisition of the Elizabethtown Gas building by September for a proposed affordable housing project for artists. Commissioners approved the agreement at their March 5 meeting (Resolution 16-14).

d3ce5-img_4864The two-story building at 219 Central Ave. (map) (Block 167, Lot 1) has been under contract by the Redevelopment Agency since an agreement was reached in December for $1 million, with $400,000 in escrow for remediation.  Developers have proposed the 71-unit Rahway Residences for the Arts, an affordable housing complex for those working in the field of arts and entertainment. The 6,500-square-foot facility would be renovated and expanded. Continue reading Redevelopment agreement for artist housing →

Apartments, Downtown, Redevelopment Agency

Redevelopment agreement approved for Donoch II project

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The Redevelopment Agency would receive redevelopment fees of $1,000 per unit for a proposed 194-unit project on Main Street, under an agreement approved earlier this month.

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Commercial, Downtown, Retail

What would you like to see in this space?

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Now that Skaff’s Corner Pharmacy has vacated its longtime downtown storefront for greener pastures on St. Georges Avenue, it leaves vacant a prominent space at the corner of East Cherry and Main streets.

Skaffs view from MainSo, loyal readers, what would you like to see move into this space? It’s quite the key spot downtown with significant visibility on both East Cherry and Main streets. Keep in mind, it was home to a pharmacy for many years so there might be some limitations without serious renovations (such as Continue reading What would you like to see in this space? →

Apartments, Downtown

30-Year PILOT could mean 50-percent tax break

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The Payment In Lieu Of Taxes (PILOT) for a proposed 196-unit project downtown could mean a tax break of as much as 50 percent in the first year alone and some $17 million versus $34 million over the 30-year life of the program, if certain assumptions are made.

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Apartments, Downtown, Redevelopment Agency

2-3 months on Lafayette Village construction

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Groundbreaking on Meridia Lafayette Village could be two to three months away as construction permits are in the process of being secured. By that timeline, construction could begin sometime after Memorial Day.

The view from Dock and Monroe.
The view from Dock and Monroe.

Redevelopment Director Peter Pelissier briefed commissioners at the April 2 Redevelopment Agency meeting about a discussion with George Capodagli, principal of West New York-based Capodagli Property Company.

Continue reading 2-3 months on Lafayette Village construction →

Apartments, City Hall Plaza, Downtown

Meridia Water’s Edge begins leasing

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Temporary Certificates of Occupancy (TCO) have been granted for the first two floors of Meridia Water’s Edge and the 108-unit complex has executed agreements with 15 tenants so far. Redevelopment Director Peter Pelissier briefed commissioners at their April 2 meeting after speaking last week with developer George Capodagli of Capodagli Property Company.

Continue reading Meridia Water’s Edge begins leasing →

Apartments, Downtown

Metro Rahway tops out

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Construction of Metro Rahway topped out this week with the addition of what looks to be the beginnings of the attic roof.

Metro Rahway.Apr2
Campbell Street and Elm Avenue

The five-story project along Campbell Street and West Cherry Street is expected to be completed later this year. Of the 116 units, 52 will be one-bedrooms and 62 will be two-bedrooms, situated above one level of parking. There will be 120 parking spaces, in addition to 18 on-street spaces.

Continue reading Metro Rahway tops out →

Downtown, Redevelopment Agency

$300k contract for environmental services

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The Redevelopment Agency last month awarded a nearly $300,000 contract for environmental consulting services related to the Dornoch II/Slokker redevelopment project at Lot B on Main Street.

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