The Westbury won’t be constructed until after The Savoy is completed, which likely means another 18 to 24 months, according to Redevelopment Director/City Adminstrator Peter Pelissier.
Pelissier said as far back as a February Redevelopment Agency meeting (.pdf) that developers of The Westbury were not ready to build and might be interested in a joint venture on the construction of a parking deck. The 150-unit development proposal, along Main Street across from The Savoy in Rahway’s “Gas Lamp Quarter,” includes 17,000 square feet of ground-floor retail space and a 324-space deck.
Steel is expected to be delivered for The Savoy project at the end of May, he said. A quarter of the 36 units were under contract as of last month.
In an interview after the May 7 Redevelopment Agency meeting, Pelissier said if the city were to get involved with building a parking facility, it would then need to charge the developer for spaces, partly for the developer’s project and to absorb the loss of spaces in Lot B behind East Cherry Street.