Excuse the radio silence of the past couple of weeks, here’s a a pictorial update on three projects currently under construction in Rahway.
Continue reading A brief update on current redevelopment projects
Tag Archives: Main Street
$2 million bond ordinance for Dornoch II
City Council authorized a $2-million bond ordinance to fund infrastructure improvements, including the extension of Monroe Street, as part of a downtown development currently under construction.
Council to vote on expanded SID budget
Almost five years after City Council initially approved expanding the downtown Special Improvement District (SID) citywide — sparking a lawsuit by business owners — the governing body is poised to approve the first expanded SID budget.
Reva Rahway tops out
A $55-million development at the site of the former Center Circle facility on Main Street topped out at its planned five stories earlier this month.
Main & Monroe aims for October completion
Phase one of the Main & Monroe development is aiming for an October completion and while the developer is required to start the second phase by January, there is interest in starting sooner.
Park Square sold for almost $36 million
Park Square, the two-building, 159-unit rental complex downtown, has sold for $35.9 million, according to property records. Reports in NJ Biz and GlobeSt.com initially had the sale price as $34.9 million.
Redevelopment map update
The beginning of a new year seems like an appropriate time as any to look back over the previous year and while we’re at it, update the redevelopment map on the site.
Financial agreement for Slokker project amended
The Redevelopment Agency earlier this month adopted a resolution that will allow the city to issue Redevelopment Area Bonds (RAB) to reimburse a developer for part of the cost of extending Monroe Street.
Continue reading Financial agreement for Slokker project amended