The Planning Board on Wednesday unanimously determined that six properties just outside the Central Business District (CBD) Redevelopment Area, including the former St. Mark’s Church lot, qualify for redevelopment under the state’s Local Housing and Redevelopment Law.
Continue reading Planning Board directs redevelopment for Hamilton Street
Properties adjacent to and including the former St. Mark’s Church lot on Hamilton Street have been recommended by planners as an “area in need of redevelopment.”
Continue reading Study finds St. Mark’s area in need of redevelopment
The first phases of at least two developments currently under construction are projected to be completed toward the end of this year, adding about 300 residential units downtown.
The vacant St. Mark’s Church property and five adjacent lots will be studied for potential redevelopment.
Continue reading St. Mark’s to be studied for potential redevelopment
An ordinance that would prohibit certain retail and restaurant uses along Block 154 — located between Elm Avenue, and Campbell, Irving, and Broad streets — was approved by City Council on Monday night.
Continue reading Council approves change to redevelopment plan
The city’s overall assessed value was largely unchanged last year, with some marginal decreases in some classes and the largest drop coming in Commercial assessments, which were down less than 2 percent.
Almost 1,500 new residential units have been constructed in Rahway over the last 15 years, including more than 1,000 downtown, with another 1,000-plus in the works — either approved and not yet begun or presented as a concept plan.
The 119 properties being studied for potential redevelopment have a total assessed value of $30.733 million, generating property taxes last year of about $1.898 million. Collectively, the properties comprise about 57 acres.