Four lots around Monroe and Essex streets would be developed as a 69-unit apartment complex along the Rahway River under a concept plan presented last week to the Redevelopment Agency.
City Council finalized changes to a parking financial agreement with developers of the Mint that provided some $300,000 in lieu of nearly 60 parking spaces.
City Council approved the transfer of The Mint’s financial agreement with the city, including the 30-year Payment In Lieu of Taxes (PILOT), paving the way for a likely sale of the 225-unit building soon.