The Redevelopment Agency approved a 2014 budget at its April 2 meeting, with revenues of $1.45 million and appropriations of $1.225 million. The agency introduced the budget in November but was awaiting state review. Continue reading Redevelopment Agency budget adopted
Tag Archives: Redevelopment Agency
Redevelopment agreement for artist housing
A redevelopment agreement approved last month in March requires the Redevelopment Agency to close on the million-dollar acquisition of the Elizabethtown Gas building by September for a proposed affordable housing project for artists. Commissioners approved the agreement at their March 5 meeting (Resolution 16-14).
The two-story building at 219 Central Ave. (map) (Block 167, Lot 1) has been under contract by the Redevelopment Agency since an agreement was reached in December for $1 million, with $400,000 in escrow for remediation. Developers have proposed the 71-unit Rahway Residences for the Arts, an affordable housing complex for those working in the field of arts and entertainment. The 6,500-square-foot facility would be renovated and expanded. Continue reading Redevelopment agreement for artist housing
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.
Continue reading Redevelopment agreement approved for Donoch II project
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
$300k contract for environmental services
The Redevelopment Agency last month awarded a nearly $300,000 contract for environmental consulting services related to the Dornoch II/Slokker redevelopment project at Lot B on Main Street.
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.
Continue reading Substation eyed for potential redevelopment
Project likely won’t require 18-foot levee
The 248-unit project proposed on the site of The Center Circle sports complex likely will not require the Rahway River levee to be 18 feet. Rahway Main Street is expected to have a first floor elevation of 14 feet.
In his report to Redevelopment Agency commissioners at the March 5 meeting, Redevelopment Director Peter Pelissier said at the time that there may be some difficulty based on what the Department of Environmental Protection (DEP) sets as a levee. Preliminary conversations between the developer, Lavallette-based AST Development Corporation, and the DEP confirmed that the “flood plain does not appear to extend into the development site.”
Agency to get additional $100k in fees for project
The Redevelopment Agency will receive another $100,000 in redevelopment fees from Metro Rahway, currently under construction on Campbell Street.
Continue reading Agency to get additional $100k in fees for project