A Brooklyn company is moving into an industrial building that was acquired adjacent to Routes 1&9, according to multiple reports.
A former furniture store property on Route 1 changed hands earlier this year for the first time in more than 12 years, selling for $1.775 million.
The Rahway Arts District (RAD) split its executive director position and plans to expand the Board of Trustees to include representation beyond its downtown boundaries.
The average property within an expanded, citywide Special Improvement District (SID) would pay about $1,437 in taxes to the SID, but the average among industrial properties and apartments would be nearly twice as high as commercial properties.
A group of property owners is taking their fight over expansion of the downtown Special Improvement District (SID) to court.
Commercial properties that will be new to the expanded Special Improvement District (SID) in 2015 are likely to see what amounts to a nearly 5-percent increase on their property tax bill.
About two dozen people spoke before City Council on Monday night, drawing one of the largest crowds to a public hearing in recent memory, for an ordinance to expand the Special Improvement District (SID), including supporters, opponents and others pleading for more information and time to consider the impact.
After nearly an hour of public comments that ranged from support to opposition to delaying for more time to discuss and understand the issue, City Council approved expanding the Special Improvement District (SID) from the downtown area (138 properties) to all commercial properties citywide (closer to 440 properties).