The Redevelopment Agency was briefed on minor design changes to original plans approved for the Main & Monroe project downtown.
City Council will consider a measure that would prohibit convenience retail and restaurants from the downtown block bounded by Campbell Street, Elm Avenue and Irving Street.
The city’s overall assessed value was largely unchanged last year, with some marginal decreases in some classes and the largest drop coming in Commercial assessments, which were down less than 2 percent.
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.
The Redevelopment Agency approved a redevelopment agreement with developers of the Center Circle site on Main Street that would pay a fee of $1,750 per unit, contingent on a 30-year Payment In Lieu Of Taxes (PILOT) agreement to be voted upon by City Council tomorrow night.
Soil remediation began last week on a downtown site where a five-story, two-building, apartment complex is planned.
Applications began being accepted last week for The Willows at Rahway, a 58-unit affordable housing complex with a preference for artists, with occupancy aimed for the spring.
Some eight months after breaking ground, the five-story Gramercy development along East Cherry Street has topped out.