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.
City Council finalized changes to a parking financial agreement with developers of the Mint that provided some $300,000 in lieu of nearly 60 parking spaces.
The second phase of Meridia Brownstones would significantly boost the number of parking spaces originally approved for the entire project a decade ago.