The Planning Board granted informal approval to minor changes to the Main & Monroe development, namely shifting the lobby entrances to the two buildings from Main Street to a new extension of Monroe Street.
City Council will vote next week on an ordinance that will set in motion the creation of a new public street through what today is Lot B as part of the 208-unit Main & Monroe development.
City Council unanimously approved the sale of the Police Assistance Center building to the Parking Authority. The East Cherry Street property eventually will be razed as part of infrastructure improvements and reconfiguration related to a proposed mixed-use development and extension of Monroe Street.
A revised concept plan for several East Cherry Street properties now features 44 units in a new five-story building. The new plan also now includes parking spaces on the ground floor along with a smaller retail space.
A two-building complex that’s expected to physically transform the center of downtown received unanimous preliminary and final site plan approval from the Planning Board earlier this year. Main & Monroe plans to extend Monroe Street, cutting Lot B and creating a new public street downtown.
With construction under way on the 115-unit Meridia Lafayette Village, the next significant downtown project could break ground within the year, possibly before the end of 2015.
A two-building, 196-unit project aims to “create a project that is not just a building but a neighborhood,” enhancing walkability downtown and creating “a sense of there in the middle of Rahway.”
The Redevelopment Agency would receive redevelopment fees of $1,000 per unit for a proposed 194-unit project on Main Street, under an agreement approved earlier this month.