Tag Archives: Irving Street

Apartments, Arts District, Downtown, restaurants

KC Jazz redesigns, eyes 2010 for opening

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KC Jazz restaurant has its sights set on 2010 for an opening.

Developer Casey Granieri said in an email last month that the project is going out to bid after a redesign to lower the cost. Any changes will be in materials and roof modification, he said, and if everything gets done in a timely manner it will open next year.

During last month’s Redevelopment Agency meeting, Redevelopment Director and City Administrator Peter Pelissier mentioned that a developer with experience in Newark’s Ironbound section was brought in to help with the changes while there also were some financing details to iron out. The former Kelly’s Pub building, at the corner of Seminary Avenue and Irving Street, gained Planning Board approval in July 2007.

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It looks like there’s a comfortable lead for Friday to be the day for a Rahway Rising happy hour. If no one has any objections, why don’t we call it 6 p.m. at The Waiting Room this Friday (Nov. 13). See you there!

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Apartments, Carriage City Plaza, Condos, Downtown

101 units accounted for at Sky View

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More than 100 units are either rented (43) or sold (58) in Sky View at Carriage City Plaza, as of the end of last month. That would account for 101 of the 222 units in the 16-story complex. (Remember when half were under contract?)

City Administrator and Redevelopment Director Peter Pelissier told Redevelopment Agency commissioners during their meeting Wednesday night that another unit has closed and two more are under contract and may close soon. Pelissier said he was told by Carlos Silva of Carriage City Properties to expect a letter shortly regarding payment to the agency for the latest unit closing. It would be the first unit to close since early this year, with the most recent appearing in property transactions in April.

The agency’s settlement agreement with Carriage City Properties, however, remains unsigned. Pelissier told commissioners he would have more information at next month’s meeting and likely would require an executive session meeting to discuss “sensitive issues” and determine a course of action.

Carriage City began marketing rentals almost a year ago ($1,250 for a one-bedroom at the time, which has since increased to $1,350), in violation of their redevelopment agreement, which prompted discussions with the agency and ultimately a settlement.

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Arts District, Bars, Commercial, Downtown, restaurants, Retail

Work moves to exterior at Station Bar & Grill

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Work on the future site of Station Bar & Grill on Irving Street appears to have made its way to the front exterior of the building last week.

Some interior work looks like it was going on for a few weeks. The project was approved by the Planning Board in June, details of which can be found in the earlier post.

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For a look at what some nearby towns have in mind as far as redevelopment, here’s a piece from nj.com about Fanwood’s efforts to make its downtown more like Cranford or Westfield.

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Commercial, Downtown, office space

Woodruff Building on the block

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One of my favorite buildings in Rahway, The Woodruff Building on the corner of Irving and Lewis streets, went on the block this month with an asking price of $799,000. Sure, it could use some sprucing up, but I like buildings with a name etched in the cornerstone or along the top floor; it adds a bit of character and some history. (When I get a chance, I’ll track down some info on this Woodruff fellow.)

The two-story structure at 1439 Irving St./62 Lewis St. consists of about 9,500 square feet, with offices on the second floor and the Rahway Dance Theatre and retail space occupying the ground floor. Built in 1920, the property is assessed at about $300,000, paying property taxes of roughly $15,200.

Earlier this decade, the building was eyed as the new location for The Waiting Room. Owner Chris Wenson said he had a deal to buy it in 2000 for $450,000 from Leung Chen but couldn’t until the Redevelopment Agency bought the old Waiting Room, which relocated to make way for the parking deck and hotel. By the time the city came up with the money to buy The Waiting Room three years later, he said Chen decided not to sell. “It would have made a nice restaurant but it would not have been as big as what we have now,” said Wenson, who opened at his East Cherry Street location in 2006. The Waiting Room closed at Lewis and Main streets in 2004.

I recall some opposition at the time to relocating the existing Rahway Dance Theatre, which still is a tenant along with two second-floor office tenants. Chen sold the property for $800,000 two years ago to the current owner, an entity called 1439 Irving St., LLC which lists a Bryant Street address, according to property records.

Wenson said his father owned The Woodruff Building when he was a child and his dad and uncle had their offices there, recalling a time capsule buried in one of the walls during the ’70s.

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taxes

No tax abatement for The Savoy, Dornoch

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News that the Plainfield City Council last month was asked by the administration for a five-year, 40-percent tax abatement for a Dornoch project in that city has prompted questions from readers in recent weeks about whether the Hillside-based developer will seek the same for The Savoy on Main Street. (The Plainfield governing body was scheduled to entertain the measure at its meeting last night.)

City Administrator and Redevelopment Director Peter Pelissier said Dornoch had requested abatements in negotiations this past summer, but he said he rejected it, with no plans to entertain the idea.

The only recent tax abatement awarded by the City Council was about five or six years ago when Park Square was still just on the drawing board. Landmark Developors will pay 20 percent of the assessed value of the property in the first year it’s on the tax rolls (2009), and 20 percent more each year until 100 percent is reached. Pelissier said the city tax assessor is in the process of compiling the first assessment for the property, which would mean it would be paying 100 percent property taxes by 2013. The project broke ground in 2007 after several years of land acquisition and other work for the development.

Also, this interactive map from P and F Management (a subsidiary or parent entity of some kind for Dornoch and its projects) is another indication that The Savoy may become rentals, something with which the city probably would not have a problem considering the real estate market and other projects going rental.

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Uncategorized

Skyview settlement remains unsigned

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It’s been a pretty quiet summer over at Carriage City Plaza — apparently a little too quiet. The Redevelopment Agency approved a settlement agreement with Carriage City Properties (CCP) in May but the developers still have not signed it and have provided little information to the city, according to City Administrator and Redevelopment Director Peter Pelissier.

The developer has until this month to execute the agreement or the city will reach out to the financing bank for information, said Pelissier, adding that they’ve heard little from Carriage City about how many units have been rented or sold. No units at Carriage City have appeared in property transactions since early in the spring.

There have not been any new temporary certificates of occupancy (TCO) issued for the building, according to Pelissier. Under the agreement, the Redevelopment Agency is supposed to receive 10 percent of the rent from each rented unit — only the city doesn’t know how many are rented and has yet to receive a dime from rents. Last we heard, there were about 57 units sold and about five rented while 76 TCOs had been issued at the 222-unit development.

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Uncategorized

Station stairs to be reconstructed this fall

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In case you missed last week’s Re-Tweet, NJ Transit issued an advisory that construction on the east stairs of the eastbound train platform will being Oct. 19. The stairway is expected to reopen in mid-November.

If the job is anything like the East Milton Avenue stairs done earlier this year, which were pretty much closed for the second half of 2008, it probably took some time to go out to bid and will cost about $100,000.

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