A two-story retail residential project next to the Quick Chek on St. Georges Avenue is expected to be completed by late spring. Work began early last month.
The project, at the corner of Plainfield Avenue, received Planning Board approval two years ago, but the process to secure state permits and approvals took a year, according to Ralphi Mocci, president and owner of Woodbridge-based Mocci Industries. Acquired for $325,000 in 2003, according to PropertyShark.com, the 0.3553-acre parcel at 446 St. Georges Ave. (Block 16, Lot 1) had been a vacant lot.
The ground floor will include 4,000 square feet of commercial space, which could house anywhere from one to three tenants, Mocci said. The second floor will have four luxury apartments (two, two-bedroom units and two, one-bedroom units), with off-street parking.
Mocci also was involved in the converting the former Huffman-Koos furniture store into the age-restricted, 150-unit Park Terrace Apartments on St. Georges Avenue near Rahway River Park.
Good luck to the developer, with the way things are today, I'm glad that he went the rental route. It'll be easier to fill the units that way. The renters could walk across the street & eat at the Firehouse, cross the other side street & get tarot card readings or go to the Quickchek for some tats & piercings. What a life.
Rentals apparently don’t mean things will be easier – Park Square has been “almost complete” for a long time, and is still sitting there unfinished.By the way, is Rahway the new Lake Wobegone? You know, where all the women are strong, all the men are good looking, and all the children are above average … and all the apartments are “luxury”.
Skyview is starting to serve as a bit of a comp killer to RiverPlace (and ParkSquare when it opens). You can now find 1BR rentals in Skyview for $1275. Even if you add in the parking fee its still 15% cheaper than renting at RiverPlace. 15%!!!!ParkSquare’s initial rental ranges are even higher than RP but at least they will have the “brand” new thing going for them as opposed to “almost” new.This could shape up to be very bad news for the new rental housing planned for Rahway. Perhaps these concerns were part of the motivation in Park Square funding drying up? (I am speculating about what happened to PS funding but honestly, unless they found Indian remains while they were digging, why would you stop building out your rental development now unless your construction funds ran dry as banks start to wonder where you are going to find tenants to fill your retail space and rentals.)
2bdr at Skyview are in the excess of $2000 per month + a one time realtors’ fee, which amounts to around one month’s rent. Some also ask for $75 per month parking. 2 bdr at RP start around $1700 range
http://www.weichert.com/search/realestate/PropertyListing.aspx?P=23032484 Here is the 1BR listing.Here is the riverplace website which shows a 1BR starting at $1600:http://www.riverplacerahway.com/luxury-apartments/#floorplansI can’t find a link to post but you can search for yourself at http://new.gsmls.com/publicsite/propsearch.do?method=getcountysearchfor the low priced 2BR which is $1850 vs. the RiverPlace pricing of $1750.Skyview is the better value proposition in my book, at least right now.
I saw one posting for a 2bdr at Skyview for $1850. The remaining 2 postings are for $2000.A friend of mine recently toured one of those condos and she told me that you also have to pay the realtor’s fee, which is approx equal to 1 month’s rent. That will bump up the monthly rate by another $150. Parking is another $75 per month (same as RP’s indoor parking), but RP also provides free outdoor parking.
Let’s not ignore the amenities you get with S-View…. picture it…… you roll out of bed and wake up to the Eastern sun. As you roll out of bed, you stop to admire the view of New York City through your sound-proofed windows. You stumble to your bathroom and enjoy the comforts of your anti-scalding posi-temp chrome tub and shower faucets.After getting dressed, you consider making a cup of coffee in your granite-countertopped kitchen under the glow of your recessed micro halogen lighting, but instead decide to head downstairs for a steaming hot beverage at Cuppy’s Cafe. You wave to the concierge on your way to the train station and ascend the rust-free stairs to your fast 30-minute train ride into New York City.After a hard day’s work, you return home and drop by the dry cleaners right in your own building to pick up your organically cleaned duds. A quick pit stop in your multi-zoned heated condo unit and then right back downstairs to enjoy a fine meal at that well known steakhouse restaurant. Yum.Live the dream people. Choose Life. Choose…. Skyview……. New2Rahway, if you just moved into RiverPlace, fear not. Its a well-run complex. Loyal readers of this blog realize that I am not actually talking smack about River Place. Rather, I am questioning the “value” of Skyview. The rental prices vs purchase costs make for an interesting rent vs. buy scenario.p.s. I don’t think it is just random chance that the Word Verification required for this post is ‘tosphit’. Just change two letters and you’ve got…..