Tag Archives: Sterling Properties

Council extends PILOT for Metro Rahway

City Council extended a Payment In Lieu Of Taxes (PILOT) from 15 to 30 years for Metro Rahway, a 116-unit building on Campbell Street.

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A third of units at REVA Rahway leased

A third of the units have leased at a new five-story building in downtown Rahway that opened in mid-December.

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Reva expected to be completed by year end

Reva Rahway, a 219-unit project at the site of the former Center Circle sports complex on Main Street, is anticipated to be completed by the end of December.

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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.

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Reva breaks ground at former Center Circle

Construction began last week on Reva Rahway, a five-story, 219-unit development, just months after demolition of the former Center Circle on Main Street.

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Demolition under way at Center Circle site

Demolition of the athletic bubbles at the former Center Circle on Main Street is under way as part of site preparation for a 219-unit rental apartment development.

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30-year PILOT for Center Circle development

A 219-unit development approved for the former Center Circle site on Main Street would pay at least $500,000 in the first year of a proposed 30-year Payment In Lieu Of Taxes (PILOT) arrangement, with payments in the final year approaching $1 million.

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