Half of Sky View units under contract

More than half of the 209 condominium units at Sky View at Carriage City Plaza are under contract with the first 30 expected to close this month and the rest by the end of August, according to representatives of Silcon Group.

Representatives also said they have an agreement in principal with a national steakhouse brand that’s well known in New Jersey to occupy the restaurant at Carriage City, and expect to make an announcement in the next 30 days.

Silcon paid water connection fees to the city of $331,194 on June 30 and asked the Redevelopment Agency to defer half of the $10,000 development fee, owed at the closing of each unit. The Redevelopment Agency last week agreed to defer the fee on each unit until the amount of water fee payment is reached (roughly 66 units), at which time the redeveloper will repay the deferred amount.

Redevelopment Agency officials said initial closings are anticipated in early July, with approximately 80 units under contract and expected to close over the next 90 days. Silcon representatives, however, reported about 110 units under contract.