A concept plan presented to the Redevelopment Agency last week proposed a two-building, 174-unit rental complex that would reconfigure on-street parking across the river from downtown.
New Church Street has been transformed in recent weeks with the demolition of nine homes, including six along the west side of the street.
Almost 20 Rahway properties have been acquired in the last six months through the state Department of Environmental Protection (DEP)’s Blue Acres program, with demolition forthcoming as part of local flood-mitigation efforts.
An Essex Street industrial warehouse on the outskirts of downtown won a tax appeal totaling about a quarter of its tax bill for two years.
At least 30 homes have been identified for acquisition by the state for flood control efforts along the Rahway River watershed.
There are more than 300 residential properties on the city’s foreclosure registry, as of Sept. 1, including almost 100 vacant properties.
A sheriff’s sale on unsold units at Riverwalk originally scheduled last month has been postponed until April 11. Redevelopment Agency attorney Frank Regan briefed commissioners on the sale at their meeting last month.
A $5.255-million sheriff’s sale on the remaining 19 unsold townhouses at Riverwalk is scheduled for Feb. 8, Redevelopment Agency attorney Frank Regan reported to commissioners at their meeting earlier this month. Bank of America likely will purchase the 19 units at the sheriff’s sale and then look to sell them, Regan told commissioners.
Foreclosure on the 19 unsold units began in late 2009. A total of 86 units were built, with a plan to add more on an adjacent parcel that never materialized. About two dozen Riverwalk units that are owned won judgments on their tax appeals last year, seeing their assessments reduced by as much as $20,000 and their taxes by $1,000.
Well, check this out: A study by the National Trust for Historic Preservation claims that retrofitting an existing building to make it 30 percent more efficient will “essentially always remain a better bet for the environment than a new building built tomorrow with the same efficiencies,” according to The Atlantic.