Carriage City Plaza, the 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
Tag Archives: condos
Polls results: Most appealing new development
OK, so it wasn’t a huge majority or a overwhelming mandate. In fact, it was one of the weakest showings in our history of polls — a scant nine votes. Even so, Park Square came out on top among the handful of people who put their two cents in:
Of the new construction in recent years, which residential development is most appealing?
Park Square, 55 percent (5/9 votes)
Sky View at Carriage City Plaza, 33 percent (3/9)
Riverwalk, 11 percent (1/9)
Brookside at Rahway
Meridia Grand
River Place
Riverview Manor
A couple of readers made good points: Colin was familiar with some new construction but didn’t know these by name. And Sivyaleah offered her take on each complex.
As I mentioned in the earlier post, “most appealing” could mean different things to different people. Some comments over on our Facebook page took issue with the amount of development in recent years, as well as the high-rise complex. Others just weren’t comfortable voting without knowing much about the buildings other than their exteriors.
We’ll make sure to get back to what people are comfortable with in the next poll. Thanks – and stay tuned!
Poll: What new development is most appealing?
There have been nearly 1,0000 new residential units constructed over the last decade in Rahway. There are more to come but that doesn’t stop the occasional inquiry about what are the best buildings in Rahway. Of course, there are other, older developments too (Rahway Plaza Apartments and Hamilton Apartments, among others).
With the exception of 86 units at Riverwalk townhouses, about 60 of the 200 condos at Sky View at Carriage City Plaza and the 13-unit Riverview Manor, all other developments have been rental apartments, including some age-restricted, such as Rosegate and Park Terrace. Meridia Grand started out in the planning stages as condos until the housing market collapsed, and it shifted to rentals.
Nikon Coolpix P510 16.1MP Digital Camera with 42x Optical Zoom – Black (Google Affiliate Ad)
This time next year, there may have a new entrant or two in this poll, but for now, while I work on a few other posts, to get some discussion going:
Of the new construction in recent years, which residential development is most appealing?
Brookside at Rahway
Meridia Grand
Park Square
River Place
Riverview Manor
Riverwalk
Sky View at Carriage City Plaza
“Most appealing” could mean different things to different people. Rahway residents who don’t live in any of the new developments might aim for what looks best on the exterior. Of course, people who actually live in the buildings might have their own considerations, and experience to share. Feel free to use the comments section to share your thoughts about why you voted for one or another.
Lot B — 100 units or 200 units?
The question seems to be: 100 units or 200 units? City Administrator and Redevelopment Director Peter Pelissier told commissioners at the Oct. 3 Redevelopment Agency meeting that he expects meet early next month with a representative of the owner of Lot B area parcels to discuss the size of any resurgent project — basically whether the plan will be for 100 units or 200 units.
Sheriff’s sale on Riverwalk units next month
A $5.255-million sheriff’s sale on the remaining 19 unsold townhouses at Riverwalk is scheduled for Feb. 8, Redevelopment Agency attorney Frank Regan reported to commissioners at their meeting earlier this month. Bank of America likely will purchase the 19 units at the sheriff’s sale and then look to sell them, Regan told commissioners.
Foreclosure on the 19 unsold units began in late 2009. A total of 86 units were built, with a plan to add more on an adjacent parcel that never materialized. About two dozen Riverwalk units that are owned won judgments on their tax appeals last year, seeing their assessments reduced by as much as $20,000 and their taxes by $1,000.
***
Well, check this out: A study by the National Trust for Historic Preservation claims that retrofitting an existing building to make it 30 percent more efficient will “essentially always remain a better bet for the environment than a new building built tomorrow with the same efficiencies,” according to The Atlantic.
Wheatena development scrapped
Due to unfavorable market conditions, the developer of the former Wheatena site on Elizabeth Avenue issued a notice to terminate the redevelopment agreement.
$350k judgment on Riverwalk foreclosure
The Redevelopment Agency received a $350,000 judgment against the developers of Riverwalk.
‘It’s time to knock it down’
City construction and health officials will determine what it will take to raze the building on the former Wheatena property at Elizabeth and West Grand avenues.
“It’s time to knock it down,” said City Administrator and Redevelopment Director Peter Pelissier. The five-story building is structurally sound but has numerous broken windows, sustained recent storm damage, and is known to have “feet of pigeon droppings,” he said. Pelissier expects the Health Department can find grounds for demolition.
The developer, Matzel & Mumford, had asked the city not to pursue demolition previously so as not to interfere with efforts to acquire the property, Pelissier said. The trustee of the property and the developer have not been able to come to terms for acquisition but he suggested demolition might encourage the two sides to get together. Demolition could cost at least a half-million dollars, he added.
A K. Hovnanian Company, Matzel & Mumford have plans for a 130-unit condo complex at the former Wheatena and Quinn & Boden sites.