Tag Archives: API Foils

Warehouse sells for $62M

A 200,000-square-foot warehouse on almost 28 acres sold for $62 million — more than eight times what it sold for five years ago.

Continue reading Warehouse sells for $62M

Downtown strategic plan: Existing conditions, major employers

Almost 3,000 more people leave the city to go to work than come into Rahway, or both live and work in Rahway; that’s almost 24% more.

Continue reading Downtown strategic plan: Existing conditions, major employers

Developers eye API Foils site

Two developers have approached the city administration about the API Foils property on New Brunswick Avenue, near St. Georges Avenue. While the property is home to an industrial use, the interest in the property would be for retail space.

Almost half of the 25-acre site is in a flood zone, according to Redevelopment Director/City Administrator Peter Pelissier, with about 12 developable acres. The building is partially used at the present time, and developers likely would use the footprint to avoid dealing with the state Department of Environmental Protection, he said.

There was thought at some point of moving the Center Circle tents to that site, according to Pelissier, and the fledgling Children’s Museum of Central New Jersey also had some interest at one point but now appears headed to Newark.

If interested parties were to purchase the building, they would go before the Planning Board, Pelissier said, without having to go to the Redevelopment Agency.

6/12 UPDATE: According to this report, there are “no immediate plans to sell or leave the location,” although API Foils “was mulling the possibility of selling the property but would continue to lease it to save money.”

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Our group may not have come away with any trophies in this year’s Mayor’s Trophy 5K like we did last year, however, we did meet some excited blog readers and future SkyView residents. We didn’t get a chance to snap a photo with them as with Batman (cameras slow me down), but here’s a big Rahway Rising hello to Kathy and Megan. Thanks for reading, and saying hello!

The race, from City Hall to Milton Lake Park and back, seemed to have had stiffer competition than last year and the overall field topped 200, up from 166.