The developer of a proposed four-building complex on the former Wheatena property on Elizabeth Avenue is seeking a Payment In Lieu Of Taxes (PILOT) to the city that would average about $1 million annually for 30 years.
Continue reading Council to consider PILOT for Meridia Brownstones
Tag Archives: West Grand Avenue
West Grand Avenue lot closer to acqusition
City Council is moving forward with the acquisition of three flood-prone residential properties on West Grand Avenue through state and federally-funded programs.
Proposal for Wheatena runs into ‘issues’
The developer behind a concept to build several hundred residential units at the former Wheatena site has discovered some issues in the title search but also estimates environmental cleanup costs could be more than originally expected.
In his report submitted to Redevelopment Agency ahead of their scheduled May meeting, Executive Director Peter Pelissier updated commissioners on the proposed Brownstones development targeted for the former Wheatena site at West Grand and Elizabeth avenues. Continue reading Proposal for Wheatena runs into ‘issues’
City Council approves two more tax judgments
City Council approved tax refunds for two more commercial properties that won tax judgments for 2012 and 2013. The governing body approved AR-112-14 at its regular meeting May 12.
Continue reading City Council approves two more tax judgments
Redevelopment agreement OK’d for Wheatena site
Third W. Grand Ave site targeted for acquisition
The city is looking to buy out a third West Grand Avenue residential property near the Rahway River that is prone to flooding.
Continue reading Third W. Grand Ave site targeted for acquisition
Weighing options on Wheatena
As negotiations over acquisition of the former Wheatena property slow down, the Redevelopment Agency is waiting but keeping its options — including condemnation — open.
Two developers in talks about Wheatena property
The vision for the old Wheatena property on Elizabeth Avenue has gone through a number of iterations for more than a decade, from some 300 townhouses to 130 condominiums.
Continue reading Two developers in talks about Wheatena property