Tag Archives: City Hall Plaza

City Council, City Hall Plaza, library, taxes

Meridia PILOT, redevelopment agreement OK’d

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The developer of the proposed Meridia Water’s Edge will pay $216,000 annually — roughly $2,000 per unit — to the city for 10 years in lieu of regular property taxes that normally would be split among the city, county and school district.

The City Council unanimously approved the Payment In Lieu Of Taxes (PILOT) at its meeting Dec. 12 [Ordinance 29-11], with no comment or discussion among members of the governing body. The lone public comment during the meeting came from Patrick Cassio, the local Republican chairman former mayor candidate, who bemoaned the fact that the PILOT avoids any payments to the school district. Union County will get some portion of the payment.

How much the property would have normally paid in property taxes, or how the $216,000 figure was arrived at, is unclear. Currently, the vacant land is assessed at $161,700 but generates no tax revenue since it’s owned by the Redevelopment Agency, which does not pay taxes. (Theoretically, the assessed value would generate a property tax bill of about $9,322, based on the current overall tax rate of 5.765 per $100 of assessed value).

Capodagli Property Company will acquire the three-quarter acre property (Block 305, Lot 5.04) from the Redevelopment Agency for $1 million, minus a credit for removing soil on the site left from the construction of the library a decade ago. The agency approved a redevelopment agreement at its meeting this month. Principal George Capodagli told the Redevelopment Agency this month that the cost of soil removal was about $160,000, which would make for a final sale price of about $840,000. City Administrator and Redevelopment Director Peter Pelissier initially anticipated the cost would be upward of $250,000.

The five-story, 108-unit Water’s Edge will have about 87 parking spaces on the ground floor and will use 21 parking spaces in the adjacent lot owned by the condominium association that operates the library building. The rental development will have 56 two-bedroom units and 52 one-bedroom units.

The Planning Board gave its approval of the plan last month, and the City Council amended the redevelopment plan to include the site. Only one council member objected at the time, based on concerns about not requiring some type of LEED-certified construction.

Water’s Edge will be the second project undertaken by Capodagli Property Company in Rahway. The Pompton Plains-based firm completed Meridia Grand, an 88-unit rental complex last year, which sold for $19 million several months ago. Capodagli also is in negotiations to acquire the former Savoy property, which has been stalled for many years. The firm is expected to present a concept plan for The Savoy site to the Redevelopment Agency early next year.

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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.

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City Council, City Hall Plaza

City Council gives OK for Water’s Edge

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The City Council last month approved the proposed Meridia Water’s Edge project for inclusion in the Lower Main Street Redevelopment Plan, paving the way for an application to be heard by the Planning Board later this month.

Fifth Ward Councilwoman Jennifer Wenson-Maier was the lone dissenter during a special meeting Oct. 24 when the council adopted the ordinance (O-26-11) by an 8-1 vote. An ordinance (O-29-11) regarding a Payment In Lieu of Taxes (PILOT) for the Water’s Edge project is scheduled to be introduced at Monday’s regular meeting of the City Council.

Capodagli Property Company has proposed 108 units adjacent to the city library and The Center Circle. The Planning Board is scheduled to take up the application at its Nov. 29 meeting and a redevelopment agreement is expected before the Redevelopment Agency at its Dec. 7 meeting.

(File photo)

Wenson-Maier was among the council members who raised concerns in September about density and size of units, pushing to have the ordinance tabled. While there may be a trend for smaller units in new developments, she said she didn’t like the room sizes but understood the concept. The proximity of Water’s Edge to the library, recreation center and downtown restaurants could address locally some of the amenities offered at similar projects around the country, such as lounges, pools and party rooms, she said.

“What was unacceptable for me as a registered architect and liaison to the Environmental Commission was that the developer refused to obtain a silver LEED rating,” which she said is very attainable. “LEED eventually will become a requirement of the international building code,” Wenson-Mailer, who sites on the Environmental Commission, said via email. The sustainablilty element of the city’s master plan, adopted by the Planning Board in spring 2010, encourages LEED building elements.

Redevelopment Agency attorney Frank Regan said the developer has a loan commitment and is trying to close by the end of the year. “Weather permitting, he’s anxious to get into the ground,” Regan said. The Redevelopment Agency last month extended its memorandum of understanding (MOU) with the Water’s Edge project.

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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.

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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.

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City Council, City Hall Plaza, library

City Council tables Water’s Edge plan

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The City Council on Monday tabled an ordinance (0-26-11) that would amend a redevelopment plan to include a 108-unit, five-story rental complex proposed near the library. Concerns were raised about the size of apartments and the density of units as proposed.

The governing body will take up the ordinance to amend the Lower Main Street Urban Renewal Plan at its meeting on Oct. 11 but some council members had concerns about the density and overall plans for the surrounding area.

The day after Hurricane Irene. (By D. Palmer)

Representatives of Capodagli Property Company appeared before the council during its pre-meeting conference last week to present their plan, which includes a request for a Payment In Lieu of Taxes (PILOT) for the project.

Fifth Ward Councilwoman Jennifer Wenson-Maier said Monday night that she thought the units seem too small and the density of the project too high for the three-quarter-acre site. The 56 two-bedroom units would be 816 square feet as currently proposed, with 14 one-bedroom units of 672 square feet, and another 42 one-bedrooms of 720 square feet since they feature an office area.

There’s no master plan for that parcel or the three acres around it, Wenson-Maier said, adding that she’d like to aim for a “better product” and a more complete plan for the area, even if it means delaying the project. In addition to density, Councilman At-large James Baker raised concerns about potential future flooding, and also preferred to include some retail and commercial components, as was the case with the Town Center project. (The photo of the site above was taken the day after Hurricane Irene).

The Water’s Edge application was to go before the Planning Board on Sept. 27 but now will be delayed until the ordinance is approved by City Council.

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NJ Transit issued an advisory that the outbound stairs on the east end of the Rahway Train Station will close Monday, until mid-October.

It would appear that the main/center stairs on the inbound platform are almost completely rebuilt — after being closed for more than 18 months. The Rahway Chamber of Commerce had an attorney send a letter to NJ Transit this week about the deplorable conditions and glacial pace of repairs to the inbound main stairs and the outbound elevator.

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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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City Hall Plaza, library

Capodagli designated redeveloper

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A month after being presented with a conceptual plan for a 116-unit rental complex behind Rahway Public Library, the Redevelopment Agency designated Capodagli Property Company as redeveloper at its meeting on May 4.

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