A 219-unit development approved for the former Center Circle site on Main Street would pay at least $500,000 in the first year of a proposed 30-year Payment In Lieu Of Taxes (PILOT) arrangement, with payments in the final year approaching $1 million.
Continue reading 30-year PILOT for Center Circle development
Two of the largest property sales downtown have occurred in the past year (Center Circle and Watt Hotel) but it would seem there’s an uptick in the number of sales of downtown properties, large and small, in the past two years. Continue reading Uptick in downtown property transactions?
The Center Circle property on Main Street, which gained Planning Board approval in January for a 219-unit development, sold for $5.285 million.
Continue reading Center Circle property sold for $5.285 million
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.
Work at the Center Circle site on Main Street, namely removing the athletic bubbles, could begin as soon as the fall if permits and other timelines are met, setting the stage for construction of a 219-unit development that gained approval early this year.
Continue reading Work at Center Circle site could begin by fall
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.
The Planning Board gave the green light for a five-story, 219-unit rental apartment complex to be constructed on Main Street adjacent to City Hall Plaza, SDI Technologies and Rahway Plaza Apartments.
Continue reading Planning Board OK’s 219 units for Center Circle
The Planning Board is expected to consider an application at its next meeting for the Center Circle property on Main Street. The meeting is scheduled for 7 p.m. on Tuesday and is open to the public.