Recent downtown development projects have a mixed bag when it comes to reaching Payments In Lieu Of Taxes (PILOT) levels anticipated in their original financial agreements.
Tag Archives: Main Street
A third of units at REVA Rahway leased
A third of the units have leased at a new five-story building in downtown Rahway that opened in mid-December.
Council to finalize land swap for Dornoch
A land swap originally conceived almost 15 years ago for a downtown development is poised to be finalized by City Council next month.
The Mint cuts the ribbon on 116 units
The Mint, a 116-unit rental building at 81 Monroe St., officially opened with a ribbon-cutting ceremony on Friday.
City to pilot valet parking program
The city will launch a downtown valet parking pilot program this weekend that will run for two months.
The Mint opens next week
The Mint, a 116-unit rental building on Monroe Street, will host a ribbon-cutting ceremony on Monday Jan. 17 to mark the opening of the new development.
Reva expected to be completed by year end
Reva Rahway, a 219-unit project at the site of the former Center Circle sports complex on Main Street, is anticipated to be completed by the end of December.
16 units to be added to downtown project
The second phase of the Main & Monroe project downtown is likely to add 16 units, bringing the total capacity of the to-be-constructed north building to 108 units, with a total 224 units between the two buildings.