When Tim Nash leaves Luciano’s and looks across the street, he’s reminded how terrible the vacant lot looks. There’s a fence but not much activity at the corner of Main and Monroe streets of late. Most of the action has been going on out of sight, at Zoning Board meetings and through the state permitting process, but construction on the 115-unit Meridia Lafayette Village is expected to start later this year.
Tag Archives: Monroe Street
Redevelopment agreement approved for Donoch II project
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.
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El Quincho opens Monday in former Tauros Grill
Argentinian-style barbeque will be coming to Rahway with the opening of El Quincho Bar and Grill on Monday. Directly translated from Spanish, El Quincho means “The barbeque.”
The eatery, which took home Best Barbeque honors at The Taste of Rahway in April, will occupy a space at the corner of Monroe and Bond streets (map) that has been vacant since Tauros Tapas Grill left several years ago. Before the Spanish-Portuguese tapas restaurant, the place was known as Rio Cafe. Continue reading El Quincho opens Monday in former Tauros Grill
30-Year PILOT could mean 50-percent tax break
The Payment In Lieu Of Taxes (PILOT) for a proposed 196-unit project downtown could mean a tax break of as much as 50 percent in the first year alone and some $17 million versus $34 million over the 30-year life of the program, if certain assumptions are made.
Continue reading 30-Year PILOT could mean 50-percent tax break
2-3 months on Lafayette Village construction
Groundbreaking on Meridia Lafayette Village could be two to three months away as construction permits are in the process of being secured. By that timeline, construction could begin sometime after Memorial Day.
Redevelopment Director Peter Pelissier briefed commissioners at the April 2 Redevelopment Agency meeting about a discussion with George Capodagli, principal of West New York-based Capodagli Property Company.
Continue reading 2-3 months on Lafayette Village construction
Substation eyed for potential redevelopment
A substation on Monroe Street and Clarkson Place, just across the river from downtown, has the interest of a potential developer.
In his report to the Redevelopment Agency at its March 5 meeting, Redevelopment Director Peter Pelissier said he and Interim Mayor Samson Steinman met with Mark Fauci of Iselin-based American Properties about potential redevelopment sites in the city and one area that piqued interest was substation on Monroe Street and Clarkson Place. Years ago, the substation had been discussed in passing as another area for potential redevelopment, with the idea of entertaining Requests For Proposals (RFPs) for the area.
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Main Street project would get 30-year PILOT
The City Council next month will consider the fourth Payment In Lieu Of Taxes (PILOT) in the last two years, this time for the largest project and the longest program yet.
Continue reading Main Street project would get 30-year PILOT
Commissioners debate Lafayette Village facade
Presented with an update on Meridia Lafayette Village, Redevelopment Agency commissioners discussed pros and cons of the new design during their meeting this month, ultimately asking that the developer tone down the stark white on parts of the facade.
Continue reading Commissioners debate Lafayette Village facade