The Redevelopment Agency this month tabled a resolution that would authorize the acquisition of the Mangos Bar & Grill property as part of a proposed 84-unit development.
Continue reading Agency tables acquisition of Mangos Grill property
Tag Archives: Fulton Street
Agency passes resolution to acquire Mangos site
The Redevelopment Agency is getting involved in negotiations for the sale of Mangos Grill, a key parcel in a proposed 88-unit mixed-used development.
Continue reading Agency passes resolution to acquire Mangos site
Agency poised to award environmental contract
The Redevelopment Agency will hire an environmental consulting firm to perform an investigation of properties along Fulton Street where a developer has proposed an 88-unit mixed use project.
Continue reading Agency poised to award environmental contract
Plan for Mangos shifts farther down Fulton
A plan for 88 rental apartments centered around the Mangos Grill property has been revised to move the project off the corner of East Milton Avenue and farther south on Fulton Street.
Agency cool to preliminary plan to replace Mangos
A preliminary plan that would replace Mangos Bar & Grill and adjacent properties with a five-story residential development likely will have to go back to the drawing board to find more parking, among other concerns from the Redevelopment Agency.
Continue reading Agency cool to preliminary plan to replace Mangos
Mangos Grill on the block
Mangos Grill, a downtown restaurant and bar on Fulton Street, is up for sale.
Woodbridge-based Kislak Realty is handling the real estate listing, describing it as “large kitchen with opulent dining room, bar and entertaining area,” as well as on-premises parking. The liquor license is available for purchase, according to the listing. No word on asking price.
The property at 1349 Fulton St. is owned by G&T, Inc., which bought it in January 2004 for $555,000. The 0.7-acre site houses a two-story building and is assessed at $518,300, yielding a property tax bill of more than $32,000 last year, according to property records.
Retail spots coming and going
Two recent comings and goings as far as retail spots in downtown Rahway:
Jeweler to take last Park Square retail spot
Kennedy Jewelers will fill the final retail space at Park Square, moving four blocks from its current location.
Mayor James Kennedy said a 10-year lease is up on his East Milton Avenue and Fulton Street location and the new space, at the corner of Elm Avenue and Irving Street, is smaller, thus more affordable. “I like the street parking and cozier feeling,” he said in an email, describing it as “more ’boutique-ish.'”
Kennedy, who ends his fifth term as mayor at the end of this year, said it will be his fifth location in 32 years.
The other two retail tenants at Park Square are expected to be Davis Financial, a Linden-based CPA firm, and Deisel Training Center, a strength training and tae kwon do facility. The target for occupancy is December while Kennedy Jewelers could be January of February, according to Matt Dobrowlowski of Iozzi-Williams Village Green ERA, the exclusive listing agent. All three of the tenants have signed either four- or five-year leases in the range of $22 to $23 per square feet annually.
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Here’s a cool photo gallery in Crain’s New York, “Musty streets now hot strips,” featuring half a dozen “formerly forgotten streets becoming urban destinations, boasting a growing crop of trendy eateries and boutiques.” How’d they do it? “It requires daring entrepreneurs seizing the opportunities of cheap rents and an underserved market, as well as landlords hungry enough to take chances on unproven operators.”