A tax appeal settlement with the previous owner of Carriage City Plaza’s hotel and commercial space totaled a refunded of almost $116,000, representing about a 17-percent reduction on property taxes for 2013 through 2016.
How walkable is Rahway? According to Walk Score, it’s more walkable than most cities in New Jersey.
The hotel and commercial space on the first four floors of Sky View at Carriage City Plaza sold for $5 million early this year.
A multi-year tax appeal settled for the commercial and hotel space at Carriage City Plaza yielded a combined refund of $85,000, a reduction of about 12.5 percent of its tax bill over the four disputed years.
A new hotel for Carriage City Plaza, renaming a downtown space as Tesla Square, and a pop-up youth community center were among the highlights of the 2017 State of the City address on Thursday night.
There is renewed interest from a developer in the Sky View at Carriage City Plaza building downtown.
A series of improvements are in the works at Sky View at Carriage City Plaza, including a new, separate hotel lobby entrance, kitchen and bar service, and rooftop deck.
Negotiations on the sale of Carriage City Plaza, including the 102-unit hotel that’s been vacant for 2 1/2 years, have fallen through with the leading potential buyer.