Developers of a two-building complex approved in the center of downtown will move forward on one building as they try to resolve issues with Amtrak on the second.
Redevelopment officials and developers have agreed in principle on the use of Redevelopment Area Bonds (RABs) but are still working out details on the financing tool that would be part of 208-unit downtown project that includes extending Monroe Street.
A dispute over downtown parking should be officially settled by next month, which could pave the way for groundbreaking on the 208-unit Main & Monroe project as early as this year. Continue reading Parking dispute nears final settlement
Redevelopment officials hope to resolve a dispute over parking by the end of next month to get the next downtown project under way, which could impact another development on the drawing board.
City Council will vote next week on an ordinance that will set in motion the creation of a new public street through what today is Lot B as part of the 208-unit Main & Monroe development.
The Planning Board Tuesday night authorized its attorney to answer an appeal filed by an objector to the Dornoch II Rahway application, a 208-unit project along Main Street between Monroe and Poplar streets.
A two-building complex that’s expected to physically transform the center of downtown received unanimous preliminary and final site plan approval from the Planning Board earlier this year. Main & Monroe plans to extend Monroe Street, cutting Lot B and creating a new public street downtown.
With construction under way on the 115-unit Meridia Lafayette Village, the next significant downtown project could break ground within the year, possibly before the end of 2015.