The City Council unanimously approved vacating a portion of Dock Street that will allow the developer to redesign portions of Meridia Lafayette Village.
Continue reading Council approves vacating 13 feet of Dock Street
The City Council unanimously approved vacating a portion of Dock Street that will allow the developer to redesign portions of Meridia Lafayette Village.
Continue reading Council approves vacating 13 feet of Dock Street
Demolition of the A&M Industrial building on Campbell Street is expected to begin within the next month.
Continue reading Campbell Street demolition to begin next month
Meridia Lafayette Village will push 13 feet further into Dock Street than originally planned, allowing the developer to open up some of the units — if the City Council gives its approval.
Continue reading Lafayette Village to expand onto Dock Street
The five-story Meridia Water’s Edge appears to have reached its highest point.
The 108-unit project between the library and Rahway Plaza Apartments broke ground last spring and will include 52 two-bedrooms, 38 one-bedrooms with an office, and 18 one-bedrooms. The Planning Board approved an application that included just 87 parking spaces, with the developer, Capodagli Property Company, to secure another 21 parking spaces from the Rahway River Condominium Association (which owns the building in which the library is located, along with the office space on the upper floors).
Construction manager Jim Wendell told the Redevelopment Agency at its meeting in January that the building likely would top out by sometime in March.
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.
The industrial supply company that eventually will make way for a 116-unit rental complex could be out of its Campell Street facility within the next few weeks.
Clay Bonny of Heartstone Development expects A&M Industrial to move out of the Campbell Street building by the middle of next month, anticipating another six to eight weeks to after that for demolition to begin. That would put a timeline for demolition sometime in June. Some activity is noticeable around the neighboring home at 1442 Campbell St. (corner of Elm) that also will be razed to make way for the five-story project, which changed its name from Station Place to Metro Rahway.
A call to A&M Industrial yielded a recorded greeting indicating that they have moved around the corner to 37 W. Cherry St. for the time being, with a distribution facility on Hopkinson Street.
Redevelopment Director Peter Pelissier told Redevelopment Agency commissioners earlier this month that Heartstone has filed an application with the city for a Payment In Lieu of Taxes (PILOT) but he will ask that it not be acted upon until other issues are resolved with the project. A&M Industrial is apparently seeking some relocation assistance via litigation.
The A&M property was acquired by Metro Rahway Urban Renewal, LLC in East Hanover for $2.87 million on Nov. 20, according to property records.
A deal is nearly done and closing should be completed soon for the Elizabethtown Gas building property that is planned as 60 units of affordable artist housing in the Arts District.
Continue reading Closing near on property for artist housing