City Council finalized changes to a parking financial agreement with developers of the Mint that provided some $300,000 in lieu of nearly 60 parking spaces.
Tag Archives: apartments
City Council OKs senior housing PILOT agreement
A proposed senior housing development would pay about $30,000 annually under a Payment In Lieu Of Taxes (PILOT) agreement adopted by City Council.
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Revised plan proposes 42 units for senior housing
A revised concept plan for a senior housing development on Esterbook Avenue envisions 42 units instead of 60 units originally defined in a redevelopment plan.
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Nearly fully occupied, The Mint is for sale
The Mint, a new 225-unit complex downtown, is at nearly 100 percent occupancy across its two buildings — and has been for sale for months.
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Second phase of The Mint begins leasing
Leasing has opened for the second phase of The Mint, a two-building 225-unit complex on Monroe Street.
More changes expected for Brownstones
More changes were agreed to with the developer of Meridia Brownstones, with another major amendment expected in the new year.
Rahway Plaza Apartments gets $11M in financing
A 50-year-old downtown high-rise apartment complex that recently had its tax break extended has secured $11 million in financing.
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Abstract of Ratables, 2022
The net taxable value of the city grew for the fourth consecutive year, led by an increase in commercial assessments of almost 3 percent.