Tag Archives: Center Circle

City Hall Plaza, library

Meridia Water’s Edge coming along

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Having reached its apex earlier this spring, construction at the five-story Meridia Water’s Edge continues, shaping the 108-unit project adjacent to the Center Circle and Rahway Public Library.

The building will include 52 two-bedroom units, 38 one-bedrooms with an office and 18 one-bedroom units. Units will range from 672 square feet to 850 square feet, with rents of $1,400 to $1,550. The ground floor will include 87 parking spaces, with another 22 spaces to be created within the adjacent library lot.

Capodagli Property Co., now based in West New York, acquired the three-quarter acre site from the Redevelopment Agency for $1 million in January 2012  but was credited for the expense of removing soil from the property (which was estimated to cost about $160,000. The City Council approved a 10-year Payment In Lieu Of Taxes (PILOT) financial agreement in March 2012. The agreement will begin with a $216,000 payment in the first year and rise in future years based on gross revenue, with an tax break estimated at $170,000 annually.

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City Hall Plaza, library

Meridia Water’s Edge reaches apex

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The five-story Meridia Water’s Edge appears to have reached its highest point.

The 108-unit project between the library and Rahway Plaza Apartments broke ground last spring and will include 52 two-bedrooms, 38 one-bedrooms with an office, and 18 one-bedrooms. The Planning Board approved an application that included just 87 parking spaces, with the developer, Capodagli Property Company, to secure another 21 parking spaces from the Rahway River Condominium Association (which owns the building in which the library is located, along with the office space on the upper floors).

Construction manager Jim Wendell told the Redevelopment Agency at its meeting in January that the building likely would top out by sometime in March.

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City Hall Plaza, Redevelopment Agency

Agency closes on sale for Water’s Edge parcel

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The Redevelopment Agency last month closed on the $1-million sale of a three-quarter-acre parcel where a 108-unit rental complex will begin construction this spring. Pompton Plains-based Capodagli Property Company will undertake the project under the name Meridia Water’s Edge Urban Renewal, LLC.

Continue reading Agency closes on sale for Water’s Edge parcel →

City Hall Plaza, library

Water’s Edge gains Planning Board approval

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The Planning Board unanimously approved a major site plan and parking exceptions for Meridia Water’s Edge after about two hours of testimony Tuesday night.

Continue reading Water’s Edge gains Planning Board approval →

Apartments, City Hall Plaza, Redevelopment Agency

Officials meeting with Water’s Edge developer

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City officials in recent weeks have met twice with a developer whose project was tabled by the City Council last month.

Continue reading Officials meeting with Water’s Edge developer →

City Hall Plaza, library

Zoning Board chairman claims ‘second guessing’

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While updating Zoning Board members at the end of last Monday night’s meeting about issues coming before the Planning Board, Chairman William Hering (who also serves as vice chairman of the Planning Board) questioned why the City Council earlier this month tabled an ordinance for the Meridia Water’s Edge project despite approval by the Planning Board in August.

Continue reading Zoning Board chairman claims ‘second guessing’ →

City Hall Plaza, library

Center Circle owners raise issue with project

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Owners of The Center Circle raised concerns about notification regarding the proposed Meridia Water’s Edge development as well as access to the three-quarter property adjacent to their complex.

Continue reading Center Circle owners raise issue with project →

City Council, City Hall Plaza, library

Council moves forward on Water’s Edge project

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The City Council last night introduced an ordinance (O-26-11) to amend the Lower Main Street Urban Renewal Plan for the Meridia Water’s Edge project.

The Planning Board is expected to take up the matter later this month (Aug. 30) and provide a recommendation to the City Council before the governing body holds a public hearing and final vote on the ordinance next month (Sept. 12). The Planning Board then would consider a site plan, as early as its September meeting (Sept. 27).

Can you find the rainbow?

Capodagli Property Company of Pompton Plains has proposed 108 units on the 0.75-acre property (Block 305, Lot 5.04) adjacent to Rahway Public Library, Center Circle sports complex and Rahway Plaza Apartments. Capodagli last week presented the Redevelopment Agency with a revised project 108 units compared with the 116 units presented in the spring. The five-story, 108-unit proposal includes 52 two-bedroom units and 56 one-bedrooms compared with a 20/96 split in the earlier version. Since the plan currently only includes 90 parking spaces, some arrangement would be necessary for the project to use upward of 18 spaces in adjacent parking lots.

About six years ago, a day care center was proposed in the area (.pdf) at Block 305/Lot 5.03 (.pdf). The majority of the City Hall Plaza complex and adjacent lots at one time was planned as the Town Center project, a massive mix of residential, retail and parking (circa 2007).

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The latest from NJ Transit on the center stair repairs at the Train Station: Closed through September 2011. It really doesn’t even look like much work has been done of late, so I think I can speak for a majority of you when I say: WTF?!?!

The advisory comes on the the heels of another one earlier this week that repairs to the elevator on the westbound side “are scheduled to continue through September.”

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