City Council is slated to approve the fourth Payment In Lieu Of Taxes (PILOT) for a new development in the last 18 months. The governing body last month introduced an ordinance for a PILOT for Metro Rahway and will have a public hearing and final vote at its meeting on Monday night.
Tag Archives: Heartstone
Metro Rahway seeks 21 more parking spaces
The Planning Board is scheduled to hear an application Tuesday night that would create another 21 parking spaces for the 116-unit Metro Rahway project on Campbell Street and Elm Avenue.
The plan as approved previously would create a five-story rental development, including a ground-floor parking area of 85 spaces but another 21 parking spaces are sought on a particular lot within the development. The project had planned to use another 17 on-site parking spaces and 18 on-street spaces.
The applicant is seeking to amend an existing board approval for a four-story building on Blocks 149, Lots 1, 5, and 23-25. Lot 6 is sought to incorporate into the project and provide an additional 21 parking spaces and “other associated access and internal circulation improvements,” according to a certified letter to neighbors from Metro’s attorneys, Parsippany-based Pitney Day.
The Planning Board will meet at 7 p.m. in City Council Chambers, 2 City Hall Plaza.
UPDATE: If the Planning Board approves the changes, Metro Rahway would have 120 parking spaces on site for the 116 units, plus 18 on-street spaces, according to Clay Bonny of East Hanover-based Heartstone Development, which also built River Place at Rahway “Lots 5 and 6 are adjacent to each other and we can expand the entrance from [West] Cherry [Street] to include parking on both sides of the entry boulevard,” he said in an email.
Demolition under way on A&M Supply building
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| (Photo By Derron Palmer) |
Demolition is under way on the A&M Supply building on Campbell Street. The industrial building along with a neighboring residential property at the corner of Elm Avenue will come down to eventually make way for Metro Rahway, a five-story, 116-unit rental project.
Continue reading Demolition under way on A&M Supply building
Campbell Street demolition to begin next month
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
Property for Station Place project acquired
Demolition of the main property for Station Place, a 116-unit rental project, likely will begin later this year after it was acquired by the redevelopment in November for almost $3 million.
Use and occupancy of the 1.3-acre property by A&M Industrial Supply runs through next month and if the Campbell Street facility is vacant by the end of March, the redeveloper expects to start demolition by mid-April, according to Redevelopment Director Peter Pelissier, who briefed the Redevelopment Agency in his report last month.
Completion of the five-story development could be approximately 18 months from the start of demolition. Building permits are expected to be obtained by February 2014. No word on where A&M Industrial Supply would be relocated, which is the responsibility of the redeveloper, Heartstone Development.
The property at 1414 Campbell St. was acquired by Metro Rahway Urban Renewal, LLC in East Hanover for $2.87 million on Nov. 20, according to property records. The 1.3-acre site currently is assessed at $974,800, for an annual property tax bill of about $57,000. The developer also acquired neighboring 1442 Campbell St. for $425,000 in 2007. The project will include 85 parking spaces on the ground level, along with another 17 on-site spaces and 18 on-street spaces.
Station Place could break ground next year
After several changes and a few years of trying to relocate the current tenant of the property, Station Place appears to be moving forward, with construction slated for later next year.
Station Place to be scaled down
Developers of the Station Place project on Campbell Street likely will seek approval to reduce the development from 116 residential rentals to 85 units.
City explores privately-built parking deck
City officials are planning to meet with developers about possibly constructing a privately-built parking deck.