A longtime dispute over a since-developed downtown parking lot seems to be coming to an amicable settlement.
Tag Archives: Monroe Street
Revised concept across river expands to 69 units
Four lots around Monroe and Essex streets would be developed as a 69-unit apartment complex along the Rahway River under a concept plan presented last week to the Redevelopment Agency.
Continue reading Revised concept across river expands to 69 units
The Mint likely to be sold soon
City Council approved the transfer of The Mint’s financial agreement with the city, including the 30-year Payment In Lieu of Taxes (PILOT), paving the way for a likely sale of the 225-unit building soon.
Nearly fully occupied, The Mint is for sale
The Mint, a new 225-unit complex downtown, is at nearly 100 percent occupancy across its two buildings — and has been for sale for months.
Continue reading Nearly fully occupied, The Mint is for sale
City to investigate water pipes, replace water main
City Council plans to borrow almost $2 million to replace a water main downtown and investigate the composition of the city’s water service pipes.
Continue reading City to investigate water pipes, replace water main
PILOTS in the 2023 budget
The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.
Second phase of The Mint begins leasing
Leasing has opened for the second phase of The Mint, a two-building 225-unit complex on Monroe Street.
City Council to vote new on PILOT agreement
City Council is scheduled to approve a Payment In Lieu of Taxes (PILOT) agreement that would generate more than $26 million over 30 years for a proposed 292-unit mixed use complex across the river from downtown.
Continue reading City Council to vote new on PILOT agreement