The hotel and commercial space on the first four floors of Sky View at Carriage City Plaza sold for $5 million early this year.
Negotiations on the sale of Carriage City Plaza, including the 102-unit hotel that’s been vacant for 2 1/2 years, have fallen through with the leading potential buyer.
Carriage City Plaza, the downtown high-rise that is among the city’s most prominent symbols of redevelopment, could change hands later this year.
Editor’s note: Election Day is Nov. 4. On the ballot in Rahway will be elections for mayor and three at-large City Council seats in addition to the remaining two years of an unexpired term for 6th Ward City Council. The three mayoral candidates were invited to present their platforms on redevelopment and will appear this week. Samson Steinman appeared on Monday and Renee Bridges Thrash appeared on Tuesday.
There are two things that people will remember about 2013 (at least according to traffic on this site): the hotel closing and the mayor resigning. If you look at the Google Analytics for 2013, the graph has a steady pace until September when it shoots up like a rocket and then comes back to Earth. Of course, there were other things that occurred in 2013, like construction under way on the 116-unit Metro Rahway and pending completion of another project, the 108-unit Meridia Water’s Edge.
Redevelopment officials are encouraging the owners of Carriage City Plaza to find another hotel flag and retail tenants or sell the property to someone with hotel experience after Hotel Indigo shut down last month.
The 102-room hotel within Carriage City Plaza will lose its corporate flag next month and the condominium association will consider whether to convert the hotel space into another 68 residential units.
The City Council unanimously approved an ordinance Monday night to regulate sidewalk cafes, including an annual $500 fee for a license.