A long-vacant Irving Street building that once was planned as a restaurant recently changed hands.
A one-time shoe store and later a banquet hall on
Irving Street Main Street that has changed hands a couple times in recent years is expected to be transformed into a wine bar.
The hotel and commercial space on the first four floors of Sky View at Carriage City Plaza sold for $5 million early this year.
An appeals court struck down part of a trial judge’s decision rejecting the city’s expansion of the Special Improvement District (SID) while remanding other parts of the decision for more proceedings.
New Jersey’s first cat cafe, Rahway Kitty Hall, opened in downtown Rahway, hosting a grand opening earlier this month.
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.