A new hotel for Carriage City Plaza, renaming a downtown space as Tesla Square, and a pop-up youth community center were among the highlights of the 2017 State of the City address on Thursday night.
Two months after demolition began in earnest, the last of the buildings on the former Wheatena property came down last week.
Demolition of some of the buildings on the long-dormant Wheatena and Quinn & Boden properties started in earnest over the last week.
The developer behind a concept to build several hundred residential units at the former Wheatena site has discovered some issues in the title search but also estimates environmental cleanup costs could be more than originally expected.
In his report submitted to Redevelopment Agency ahead of their scheduled May meeting, Executive Director Peter Pelissier updated commissioners on the proposed Brownstones development targeted for the former Wheatena site at West Grand and Elizabeth avenues. Continue reading Proposal for Wheatena runs into ‘issues’
The developer behind two downtown projects is close to acquiring properties comprising the former Wheatena site for a possible 400-unit development.
Capodagli Property Company is building the 108-unit Meridia Water’s Edge and the 115-unit Meridia Lafayette Village. The West New York-based developer presented a 400-unit concept plan for The Brownstones in August 2012 and last summer the Redevelopment Agency approved a redevelopment agreement for the property.
Redevelopment Attorney Frank Regan told commissioners at their meeting Wednesday night that representatives of Capodagli Property Company told him that the deal was imminent with terms are all but agreed upon.
The Redevelopment Agency on Wednesday approved a resolution amending the redevelopment agreement with Meridia Brownstones Rahway, LLC, allowing another six months. The redevelopment area includes Block 226, Lot 1, Block 227, Lots 1-7 and Block 228, Lot 1.
Amendments approved to the redevelopment agreement extend certain timelines another six months, Regan said, though he does not expect six months will be necessary, “but just to be prudent in case it drags on.”
Approximately seven acres across three lots along Elizabeth and East Grand avenues are owned by David and Sylvia Weisz Foundation, which had also been in discussions with American Properties. The Redevelopment Agency earlier this year discussed potentially pursuing condemnation on the properties, if necessary.
Redevelopment Director Peter Pelissier said at January’s Redevelopment Agency meeting that American Properties, which had a letter of intent to purchase the Wheatena properties, was being shown various properties for possible redevelopment that could be acquired, including the Post Office on Main Street, the Monroe Street substation area across the river from Luciano’s, as well as the Edge building on Irving Street which has been for sale for some time, most recently listed for $1.295 million.
The Redevelopment Agency last month authorized a redevelopment agreement with Meridia Brownstones Urban Renewal as redeveloper of the Wheatena and Quinn & Boden properties along Elizabeth Avenue.
Capodagli Property Company of West New York presented a concept plan to the Revelopment Agency in August 2012 to develop a residential project of 450 units called The Brownstones and later that year was named redeveloper of the site. The company also is building the 108-unit Meridia Water’s Edge and 115-unit Meridia Lafayette Village.
Redevelopment Agency commissioners earlier this year discussed options on what to do about the Wheatena site, including possible condemnation, as negotiations by the property owner with two interested parties dragged on.
The vision for the old Wheatena property on Elizabeth Avenue has gone through a number of iterations for more than a decade, from some 300 townhouses to 130 condominiums.
Continue reading Two developers in talks about Wheatena property