The developer who once proposed 80 units for the Station Place development is expected to come before the Planning Board Tuesday night with plans to convert the project into 116 rental units.
Tag Archives: condos
Plan for Koza’s comes back
A new plan for Koza’s bar on West Scott Avenue was deferred Monday night until next month’s meeting, Oct. 20. Only five members of the Zoning Board of Adjustment were present, barely enough for a quorum.
Only Rahway Rising had the story last December when the Zoning Board of Adjustment rejected a concept plan for 12 units at the 3/4-acre site that would have renovated the 1920 structure and added a second floor. While Zoning Board members appreciated the plan, there was some concern about the density. The new plan includes nine townhouses but still requires a bulk variance and use variance.
Koza’s didn’t fare too well in our “What’s your favorite bar in Rahway?” poll this past spring, but it must be considered one of the “elder statesemen” of Rahway bars (read: old school), as I’ve heard the second-shifters at Merck used to patronize it back in the day.
Town Center scaling back, has new developer
The Town Center project, originally proposed 18 months ago as a massive residential-retail plan for property around City Hall, has a new developer and scaled-back plans.
Continue reading Town Center scaling back, has new developer
Steel going up at The Savoy
Steel began to rise about two weeks ago at The Savoy after months of what appeared to be little tangible activity at the site. Steel for the project had been expected to arrive since February.
Occupancy at one point had been scheduled for June 2007 (according to this December 2006 release), but now is targeted for April 2009, according to Ralph Pascale, sales manager for Maplewood Homes, a division of Dornoch Holdings.
In addition to steel shortages in the construction industry, the project was slowed down by state regulations that require archaeological studies to be done in certain areas. Work is also being done to renovate the sales trailer across the street and remove a pile of dirt from the site, Pascale said.
The four-story project at 1551 Main St. will have 36 two-bedroom and two-bath condos ranging from 1,150 to 2,000 square feet, with street-level retail and underground parking. According to those red banners on fencing at the site (photo left), units will start at $315,000.
Half of Sky View units under contract
More than half of the 209 condominium units at Sky View at Carriage City Plaza are under contract with the first 30 expected to close this month and the rest by the end of August, according to representatives of Silcon Group.
Lennington Street project to break ground
Developers expect to break ground on a three-story, 13-unit townhouse complex on Lennington Street in the next month. Construction on Riverview Manor is expected to take 18 months or less. The current structure, commonly referred to as the Lennington Tea House and located at the end of Lennington Street, will be demolished.
The Planning Board Tuesday night gave approval for a minor variance for front/side yard setback, though the main hold-up to construction had been the state Department of Environmental Protection’s waterfront development permit. The state required a public access of some kind to the Rahway River, so there will be a 30-foot public easement and several public parking spaces. Public access will be contiguous from this property to a proposed Sleep Inn (.pdf) motel across the street.
Each two-bedroom unit will have a one-car garage and one parking space and is expected to be on the market in the $400,000 range. The homes will be some 40 feet from the Rahway River and two feet above — and out of — the flood zone, according to Dave Miele of GMM Associates.
GMM Associates also has constructed four new homes and rehabilitated a third, three-family home on Sterling Place (between Brookfield Place and East Hazelwood Avenue) and rehabilitated another on Main Street.
On tap for 2008: Park Square, Sky View
Nothing Earth-shattering in the mayor’s State of the City address last night. The new year should bring with it the completion of Park Square and Sky View at Carriage City Plaza, which includes a Hotel Indigo. Mayor James Kennedy pledged that downtown redevelopment efforts would continue to see progress this year, despite a downturn in the national economy as a result of the subprime mortgage crisis.
The largest portion of the mayor’s nine-minute remarks focused on a new billing method for sewage. He expects the city’s assessment from the Rahway Valley Sewerage Authority (RVSA) to increase from $3.6 million in Fiscal Year 2007 to $6.1 million in FY 2010, or almost 70 percent in the next three years.
Speaking of the subprime mortgage mess, what effect has it had on Rahway’s plans? I happened to pose that question to City Administrator and Redevelopment Director Peter Pelissier just last month, after reading about Asbury Park’s problems, and one Hoboken developer switching condo projects to rentals because of the housing market.
Pelissier said the city hasn’t been adversely affected by the real estate market — in terms of redevelopment — and rattled off an update on a number of projects:
* Park Square (rentals) has made plans to take out permits for the second building, which will face Main Street.
* Dornoch I (Main and Monroe streets) has taken out permits for The Savoy (36 units for purchase with 7,000 square feet of retail).
* Station Place (Five stories, with 80 units and 132 parking spaces, on Campbell Street between Elm and Cherry, for purchase) is still in the process of acquiring properties and relocating the main tenant, A&M Tool Co.
* Wheatena (Elizabeth and West Grand avenues) has requested assistance on the acquisition of properties for its 200-unit project (for purchase).
* Renaissance at Rahway, 72 units with underground parking, also requested assistance of the Redevelopment Agency to acquire the remaining three properties necessary to control the site (Triangle Inn area on Monroe Street). Five of the eight properties necessary are under contract.
* The Town Center project in the City Hall area is still being discussed, and the potential developer is negotiating with retailers as well as the property owners on the site. “As you can imagine this project is complex and will take some time to coordinate all the components of a project this size,” Pelissier said.
If a developer wanted to convert a condo project to rentals, as in some towns, the developer would have to come before the Redevelopment Agency again for approval, he said.
“Each week developers contact the mayor or myself inquiring as to the possibilities of developing in Rahway,” Pelissier said. “Also take a look around the downtown area, properties are being improved in the Arts District as well as throughout the downtown. This points out the small investor continues to believe in the future of Rahway as well as the larger developers.”
The mayor also mentioned that City Council has authorized demolition of the Hamilton Laundry site. I’ll have an update and potential timeline on that later this week.
Zoning Board KO’s plan for 12 condos at Koza’s
Uncomfortable with a density of 12 units on a three-quarter-acre site, the Zoning Board of Adjustment Monday night denied a concept plan for condos to replace Koza’s Bar, 197 W. Scott Ave.
Continue reading Zoning Board KO’s plan for 12 condos at Koza’s