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.
There are more than 300 residential properties on the city’s foreclosure registry, as of Sept. 1, including almost 100 vacant properties.
The tax assessment for Meridia Water’s Edge is more than $8 million, 20 percent higher than what I estimated a few years ago before construction began. That means the disparity in would-be property taxes versus the Payment In Lieu Of Taxes (PILOT) is even wider than I originally projected.
Carriage City Plaza, the downtown high-rise that is among the city’s most prominent symbols of redevelopment, could change hands later this year.
Editor’s note: Election Day is Nov. 4. On the ballot in Rahway will be elections for mayor and three at-large City Council seats in addition to the remaining two years of an unexpired term for 6th Ward City Council. The three mayoral candidates were invited to present their platforms on redevelopment and will appear this week. Samson Steinman appeared on Monday and Renee Bridges Thrash appeared on Tuesday.