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| (Photo By Derron Palmer) |
Demolition is under way on the A&M Supply building on Campbell Street. The industrial building along with a neighboring residential property at the corner of Elm Avenue will come down to eventually make way for Metro Rahway, a five-story, 116-unit rental project.
Continue reading Demolition under way on A&M Supply building
Demolition of the A&M Industrial building on Campbell Street is expected to begin within the next month.
Continue reading Campbell Street demolition to begin next month
The industrial supply company that eventually will make way for a 116-unit rental complex could be out of its Campell Street facility within the next few weeks.
Clay Bonny of Heartstone Development expects A&M Industrial to move out of the Campbell Street building by the middle of next month, anticipating another six to eight weeks to after that for demolition to begin. That would put a timeline for demolition sometime in June. Some activity is noticeable around the neighboring home at 1442 Campbell St. (corner of Elm) that also will be razed to make way for the five-story project, which changed its name from Station Place to Metro Rahway.
A call to A&M Industrial yielded a recorded greeting indicating that they have moved around the corner to 37 W. Cherry St. for the time being, with a distribution facility on Hopkinson Street.
Redevelopment Director Peter Pelissier told Redevelopment Agency commissioners earlier this month that Heartstone has filed an application with the city for a Payment In Lieu of Taxes (PILOT) but he will ask that it not be acted upon until other issues are resolved with the project. A&M Industrial is apparently seeking some relocation assistance via litigation.
The A&M property was acquired by Metro Rahway Urban Renewal, LLC in East Hanover for $2.87 million on Nov. 20, according to property records.
Demolition of the main property for Station Place, a 116-unit rental project, likely will begin later this year after it was acquired by the redevelopment in November for almost $3 million.
Use and occupancy of the 1.3-acre property by A&M Industrial Supply runs through next month and if the Campbell Street facility is vacant by the end of March, the redeveloper expects to start demolition by mid-April, according to Redevelopment Director Peter Pelissier, who briefed the Redevelopment Agency in his report last month.
Completion of the five-story development could be approximately 18 months from the start of demolition. Building permits are expected to be obtained by February 2014. No word on where A&M Industrial Supply would be relocated, which is the responsibility of the redeveloper, Heartstone Development.
The property at 1414 Campbell St. was acquired by Metro Rahway Urban Renewal, LLC in East Hanover for $2.87 million on Nov. 20, according to property records. The 1.3-acre site currently is assessed at $974,800, for an annual property tax bill of about $57,000. The developer also acquired neighboring 1442 Campbell St. for $425,000 in 2007. The project will include 85 parking spaces on the ground level, along with another 17 on-site spaces and 18 on-street spaces.
After several changes and a few years of trying to relocate the current tenant of the property, Station Place appears to be moving forward, with construction slated for later next year.
Developers of the Station Place project on Campbell Street likely will seek approval to reduce the development from 116 residential rentals to 85 units.
The Planning Board unanimously approved an amended preliminary and final major site plan for Station Place on Tuesday night, paving the way for 116 rental units instead of the 80 condos that gained approval 18 months ago.
Continue reading Station Place rentals approved
The developer who once proposed 80 units for the Station Place development is expected to come before the Planning Board Tuesday night with plans to convert the project into 116 rental units.