Tag Archives: Main Street

The Mint likely to be sold soon

City Council approved the transfer of The Mint’s financial agreement with the city, including the 30-year Payment In Lieu of Taxes (PILOT), paving the way for a likely sale of the 225-unit  building soon.

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City finalizes mural agreement with The Mint

A mural along the side of a new downtown development will be extended to another ground-floor wall of the building.

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Nearly fully occupied, The Mint is for sale

The Mint, a new 225-unit complex downtown, is at nearly 100 percent occupancy across its two buildings — and has been for sale for months.

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PILOTS in the 2023 budget

The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.

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New mural planned for The Paseo

A mural that communicates coastal hazards is planned for The Paseo downtown thanks to a state grant focused on art that displays coastal hazard themes.

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Second phase of The Mint begins leasing

Leasing has opened for the second phase of The Mint, a two-building 225-unit complex on Monroe Street.

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23 properties hit with liens for cleanup

Almost two dozen properties had liens levied against them totaling almost $12,000 for cleanup costs to the city for the removal of various nuisances on the properties.

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Council extends Rahway Plaza tax break

City Council extended a 50-year tax break another five years for a downtown high-rise with plans to possibly extend it longer in the future.

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