A resolution to finalize a settlement agreement with Carriage City Properties was pulled at last week’s Redevelopment Agency meeting.
City officials met with representatives of Silcon/Carriage City Properties (CCP) early this month to discuss money owed the Redevelopment Agency, a year after approving a settlement agreement with the developer.
Continue reading A year after settlement, city & Carriage City in talks
For the first time in about 50 weeks a unit sold in Sky View at Carriage City Plaza, according to property transaction records.
Continue reading First sale of ’09 for Sky View at Carriage City Plaza
Carriage City Properties (CCP) still has not finalized or executed the settlement agreement with the Redevelopment Agency, attorney Frank Regan told commissioners during their meeting earlier this month. The Redevelopment Agency approved a settlement at its meeting in May. (For details on the agreement, see this earlier post.) A representative of Carriage City Properties had no comment.
Continue reading Carriage City settlement still not executed
More than 100 units are either rented (43) or sold (58) in Sky View at Carriage City Plaza, as of the end of last month. That would account for 101 of the 222 units in the 16-story complex. (Remember when half were under contract?)
City Administrator and Redevelopment Director Peter Pelissier told Redevelopment Agency commissioners during their meeting Wednesday night that another unit has closed and two more are under contract and may close soon. Pelissier said he was told by Carlos Silva of Carriage City Properties to expect a letter shortly regarding payment to the agency for the latest unit closing. It would be the first unit to close since early this year, with the most recent appearing in property transactions in April.
The agency’s settlement agreement with Carriage City Properties, however, remains unsigned. Pelissier told commissioners he would have more information at next month’s meeting and likely would require an executive session meeting to discuss “sensitive issues” and determine a course of action.
Carriage City began marketing rentals almost a year ago ($1,250 for a one-bedroom at the time, which has since increased to $1,350), in violation of their redevelopment agreement, which prompted discussions with the agency and ultimately a settlement.
So the “Coming Soon” sign at Mr. G’s a couple months ago wasn’t an exaggeration. It’s been open for more than a week, with an “official” grand opening planned on Monday. Last year we could barely find a cafe or coffee shop and now we can expect three by summer’s end (Kataluma Chai and Inthemix).
It looks safe to say that Cuppy’s Coffee is D.O.A. in Rahway.