Closing on the Center Circle property could come as early as this month, eventually making way for a five-story development on the Main Street site that received approval early this year.
Redevelopment is inching its way across the river from downtown, with a second concept plan proposed for the area: a 40-unit complex on Monroe Street.
A 45-unit apartment complex is rising along East Cherry Street, reaching the third story of a planned five-story development.
Almost 1,500 new residential units have been constructed in Rahway over the last 15 years, including more than 1,000 downtown, with another 1,000-plus in the works — either approved and not yet begun or presented as a concept plan.
The 58-unit affordable housing development under construction behind the former Elizabethtown Gas building on Central Avenue is taking shape, recently topping out at four stories.
A 219-unit development planned for Main Street has filed an application with the state Department of Environmental Protection (DEP) for a water main extension application, with consent from City Council.
A 30-unit apartment complex on West Grand Avenue adjacent to the Wheatena section of Rahway River Park changed hands in April for $3.3 million, almost six years after it went for $2.55 million.