With two more properties acquired since May, developers of Renaissance at Rahway have boosted the number of units from about 64 to 88. Representatives came before the Redevelopment Agency Wednesday night for approval.
In May, Rahway Rising reported that Renaissance had acquired five of the eight properties necessary and would move ahead with 64 rental units and possibly include a second phase once other properties were secured. Developers have since acquired Lots 5 and 8 of Block 379, leaving only Lot 1 (the corner of Monroe Street and East Grand Avenue). The revised project entails Lots 2 to 8.
Originally, the project was to be 72 condos, an even split of one- and two-bedroom units. Now the project will be 88 rental units (80 two-bedroom, 8 one-bedroom) in the five-story structure, with 88 parking spaces on the ground level.
Redevelopment Agency commissioners had some concerns about having enough parking (only one per unit, regardless of bedrooms) and whether parking would be covered (the property creates a triangle in the center of the building where spaces in the middle might be uncovered), but ultimately gave their consent. Commissioners preferred the parking be covered but developers are considering both schemes.
Entrance to the residences will be at the corner of Montgomery Street and East Grand Avenue, though it will no longer be a corner since the development includes building over Montgomery Street from East Grand to Monroe. Parking will be accessed from Monroe, near the present corner of Montgomery, essentially where the former Triangle Inn currently stands.