Two recent comings and goings as far as retail spots in downtown Rahway:
Category Archives: Retail
Poll results: An average of C+, with a lot of A’s
At least half of the voters in our latest poll would grade Rahway’s redevelopment at a B or better, while almost 30 percent grade a D or worse. About 1 in 8 voters awarded it an “incomplete.” Check out the completely unscientific results:
Continue reading Poll results: An average of C+, with a lot of A’s
Poll results: two clear leaders for retail options
Almost 100 votes in our latest poll and two clear leaders finished ahead, with a pretty close third, among the 10 options:
What store would you like to see downtown?
Specialty food store — 23 percent, 21/91
Bakery/bagel shop — 21 percent, 20/91
Coffee shop — 16 percent, 15/91
Liquor store/wine shop — 8 percent, 8/91
Butcher — 8 percent, 8/91
Bar/restaurant — 7 percent, 7/91
Other — 6 percent, 6/91
Books/news/magazines — 4 percent, 4/91
Art/art supply — 2 percent, 2/91
Clothing — 0 percent, 0/91
Furniture — 0 percent, 0/91
So, it looks like you all want a specialty food store, bakery/bagel shop, and coffee shop the most. While most of you seem to want a grocery store, a specialty food store could be an interesting draw. Any suggestions exactly? I would think it’s key to have shops that might not be found elsewhere, and that could mean “specialty” just about anything.
Most of the choices in our latest poll could very well be combined into the same shop; a bakery that has bagels, and a nice coffee house space, and maybe specialty foods? Of course, just recently there was a bakery/pastry shop downtown but it didn’t last; so is it a matter of people saying they want something, but practically speaking, not using or patronizing it? I still think we’re desperate for a good bagel shop downtown, as well as a liquor store/wine shop — and not the kind that were downtown before. A liquor store would make a great complement to BYO restaurants.
What were some of your options for the six “other” votes? It’s clear that readers don’t want a clothing store or furniture store. Kind of surprising to be honest, as was the art/art supply choice. I mean, if it’s an arts town, you’d think and art or art supply shop would work, and in the same vein, perhaps an artsy type of specialty furniture store. Know what I mean? After all, the Rahway Survey (remember that?) recommended a strategy of recruiting retail related to arts and entertainment.
Free free to discuss in the comments below.
Aromalicious cafe up for sale
Aromalicious, we hardly knew ya. The Portuguese pastry shop opened for business just around the start of 2011 and barely lasted a year. A few weeks ago, a sign on the front door indicated the shop was closed for vacation and more recently a “Business for Sale” sign has graced the storefront at 85 E. Cherry St.
Across the street, it appears a clothing store has opened, next to the Cherry Street Farmer’s Market, and further up the street, a beauty supply shop has taken over the space at 43 E. Cherry St. that was occupied by Pet Essentials, which moved around the corner to the former Kataluma Chai space on Main Street.
East Cherry Street eatery closes
After about 18 months in operation, Casa Borinquen on East Cherry Street closed last week. The eatery specializing in Puerto Rican fare opened in March 2010.Restriction lifted on proposed jazz club
The Redevelopment Agency last night officially agreed to consider uses other than those permitted in the redevelopment agreement for the former Kelly’s Pub property.
A principal of the proposed KC Jazz Club at 1646-54 Irving St. (Block 162, Lots 5-7) made his case to commissioners at their meeting last month, arguing that financing evaporated while annual costs continue unabated. A restriction limiting the property to use as a jazz club apparently also hindered any potential sale or new developer to resurrect the project.
(Note the new sign in recent weeks, “Commercial Building Available,” on the left in the photo above, juxtaposed with the one on the right that says: “Coming Soon! KC Jazz Restaurant.”)
The resolution was adopted during a special meeting last night, a week after a lack of quorum for last week’s regularly-scheduled meeting did not allow for official action to be taken.
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Check out this piece from Crain’s New York Business about Brooklyn’s Myrtle Avenue. Twenty years ago, you’d be told to avoid the Clinton Hill neighborhood’s “crime-ridden main drag.” Today, 97 percent of the businesses are locally owned, with eight new arrivals in the past year, and 78 percent of them are minorities and/or women.
The story provides some details about community leaders and longtime residents creating a revitalization project in 1999 that has morphed into a business improvement district with an annual budget of $1 million thanks to money from the city, private foundations and fees on local landlords.
Financial issues plague proposed jazz club
Years ago, the Redevelopment Agency agreed to sell the former Kelly’s Pub on the condition that the property at the corner of Irving Street and Seminary Avenue be turned into a jazz club and restaurant.
Serious financial issues have plagued the proposed KC Jazz Club to the extent that developers would like to explore selling the property as a simple tavern — only they would need the agency’s approval first. In a Sept. 19 letter to the Redevelopment Agency, Union-based attorney Ronald Esposito, representing E.T. Building, LLC, asks for a meeting to discuss issues in hopes of resolving “what appears to be a very serious financial problem.”
“The only possible way my client can recoup some of their money and reduce their loss, would be to explore the sale of the property and liquor license without the restriction that the facility must be a restaurant/jazz club,” Esposito wrote, adding that Realtors have indicated it would be easier to sell the property without the restriction that a jazz club and restaurant be built.
The property, at 1646-1654 Irving St. (Block 162, Lots 5-7), was acquired for $398,000 in April 2004, according to PropertyShark.com, and pays about $5,500 in property taxes. Only a few weeks ago, the KC Jazz Club website was still active, featuring the rendering below, and proclaiming a 2012 opening. The website was suspended sometime in the past couple of weeks.
City Administrator and Redevelopment Director Peter Pelissier said the attorney should be advised to come before the agency with an update. He told commissioners that the agency “shouldn’t just arbitrarily approve it” but wait for the applicant to present a plan for what to do. The intent of the redevelopment agreement, and the agency selling the property, was for a jazz bar/restaurant, Agency Attorney Frank Regan said, so they would have to come back to the agency for approval to make it simply a tavern.
Esposito details issues the developer has had with financing, including an original $1.5-million mortgage from RSI bank that fell through and a partner defaulted on sale of another property, the proceeds of which would have helped to fund the jazz club effort. Over the past three years, Esposito writes, his client has reduced the cost of the building from $2.3 million to $1.7 million in a failed effort to secure financing from a bank and then private investor. He claims that the anticipated value of the building was agreed upon at $1.75 million when completed ($2.3 million with the restaurant operational).
The bank was to extend a mortgage of $1.5 million, which was reduced to $1 million, Esposito said, which may or may not still be available since about six months ago RSI insisted on payment of the initial $400,000 mortgage money advance used for the property and monthly payments of $2,685 since April. [You can read the full text of the letter here.]
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| What site looked like two years ago |
In addition, Esposito explains that since December 2005 contract entered into with the agency, his client had to purchase a liquor license for $40,000, and pay annual licensing fees of $2,100 to the city and $200 to the state. He also details $32,000 in costs to obtain Department of Environmental Protection (DEP) permits, $15,000 in costs to obtain variances from the city, and $120,000 for engineering and architectural planning.
In a postscript (P.S.) to his letter, the attorney suggested that due to the length of time involved the agency consider, as an alternative, the temporary abatement of taxes and ABC fees until the matter is resolved.
Park Square targets June opening
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| Corner of Elizabeth Avenue and Main Street |
The second building of Park Square, one of the first cornerstone projects of downtown redevelopment efforts, should be ready for occupation starting in June.
Joel Schwartz, principal with Keasbey-based developer Landmark Companies, appeared before the Redevelopment Agency at its meeting last week to provide an update on the 159-unit complex. He last appeared before the agency in late 2009 for an update.
Schwartz expects the second building to obtain certificates of occupancy one floor at a time — which also was done with the first building — so it should be fully occupied by about September. He said the second building boasts larger windows and more space. One-bedroom units list for starting rents of $1,600, two-bedrooms at about $2,000.
The project first broke ground nearly five years ago (October 2006) and the first building on the Irving Street side, which houses 63 of the units, was completed just about two years ago, beginning leasing in summer 2009. The Irving Street side also has 7,000 square feet of ground-floor retail space which is fully occupied, with five tenants, and Schwartz said the rental units are 100 percent occupied, with some turnover. The Main Street building, without any retail space, houses the remaining 96 units.
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| Corner of Elm Avenue and Main Street |
Schwartz presented renderings that were part of Planning Board hearings in 2004 and 2005, and compared them to present-day photos of the project, as well as what the 2.4-acre site looked like before construction. He said they took a two-pronged approach: first, to redevelop in the spirit of what had been downtown, and second, to incorporate the best of redevelopment efforts from around the state and country. Some of the areas that inspired Park Square include Princeton’s Palmer Square, Forest Hills in Queens and Lake Forest, Ill. As time goes by, Schwartz hopes the complex has more of a connection with Merck as well as be more actively involved in the day-to-day activity of downtown.
The entire complex has 159 units and 205 parking spaces, including ground level parking on the Irving Street side, and two levels of parking on the Main Street side. [Note: The photos above are from last fall]