Carriage City Plaza, theĀ downtown high-rise that is among the city’s most prominent symbols of redevelopment, could change hands later this year.
Continue reading Carriage City Plaza could be sold this year
Carriage City Plaza, theĀ downtown high-rise that is among the city’s most prominent symbols of redevelopment, could change hands later this year.
Continue reading Carriage City Plaza could be sold this year
Editor’s note: Election Day is Nov. 4. On the ballot in Rahway will be elections for mayor and three at-large City Council seats in addition to the remaining two years of an unexpired term for 6th Ward City Council. The three mayoral candidates were invited to present their platforms on redevelopment and will appear this week. Samson Steinman appeared on Monday and Renee Bridges Thrash appeared on Tuesday.
There are two things that people will remember about 2013 (at least according to traffic on this site): the hotel closing and the mayor resigning. If you look at the Google Analytics for 2013, the graph has a steady pace until September when it shoots up like a rocket and then comes back to Earth. Of course, there were other things that occurred in 2013, like construction under way on the 116-unit Metro Rahway and pending completion of another project, the 108-unit Meridia Water’s Edge.
Redevelopment officials are encouraging the owners of Carriage City Plaza to find another hotel flag and retail tenants or sell the property to someone with hotel experience after Hotel Indigo shut down last month.
Continue reading Indigo now vacant, officials press for new hotel
The 102-room hotel within Carriage City Plaza will lose its corporate flag next month and the condominium association will consider whether to convert the hotel space into another 68 residential units.
Continue reading Hotel Indigo leaving, could convert to apartments
The top floor of Sky View at Carriage City Plaza will be renovated into 20 mostly one-bedroom apartments this year after the Planning Board granted a parking variance last week.
Under the revised redevelopment plan, approved by City Council last month, residential units within the downtown redevelopment area are required to provide 1.25 parking spaces while the previous plan required one per unit. The project already had been approved for an additional seven units units on the 17th floor — for a total 232 units in the building — but a parking variance was needed since seven units now would require nine parking spaces.
The 17th floor has been unoccupied and used as a staging area for materials that were supposed to be built as part of what was planned to be a penthouse level of two- and three-bedroom units, according to architect Greg Waga of Rahway-based Waga Enterprises. Instead, 20 rental units will be built (18 one-bedrooms and two two-bedrooms), along with amenities for residents only: a fitness center, WiFi library, and club room. Waga anticipates construction will begin around Memorial Day and continue into the fall.
Sky View’s owner has found that one- and two-bedroom units, ranging room 800 to 1,100 square feet, are very marketable in this area, Waga said, and the new design is more functional and a better use of the space. About 60 units of Sky View are owner occupied and the remaining 152 are rental units, which range in occupancy from 75 percent (114 units) to 85 percent (174), he said, adding that the leasing agent has a goal of reaching 85 percent this spring.
Waga presented a plan last October to the Redevelopment Agency to convert the 17th floor into apartments. He deferred questions about any possible uses for the rooftop to building manager Joe LoMonaco. There was talk that the original developer, who went into foreclosure after selling barely a third of the units, planned to use the rooftop for some type of bar or restaurant for use by residents and/or hotel guests.
Given the location and transit-oriented development, a mitigating factor is that the plan offers fewer but larger units, said Paul Phillips, planner to the Planning Board, adding that nearly all of the 20 additional units being one-bedrooms lowers the parking demand.
Attorney Christopher Armstrong presented a letter from the Parking Authority indicating they were satisfied with seven spaces. A daily count in the Lewis Street parking deck by the Parking Authority reveals an average of 246 vehicles, less than half of the 524-space capacity, he said, with uncovered portions of the deck sometimes being closed. There are a fair number of Sky View residents that do not have cars, which is part of the reason why the building was built where it was built, Armstrong told the Planning Board.
Successful tax appeals this year will cost the city a half-million dollars in refunds to more than 350 properties, dropping the city’s assessed value by $8 million. City Council at its November meeting approved the refunding of taxes due to tax appeal judgments by the county Board of Taxation.
Continue reading 2012 tax appeals cost city half-million dollars
Space on the penthouse level of Carriage City Plaza — once held out for custom-designed luxury condos during the housing boom — could feature another 20 units and other amenities for the massive downtown complex.
Continue reading More units proposed for Carriage City’s top floor