BAYONNE, NJ - A property on West 2nd Street where Chris’ Corner restaurant was previously located, is slated to become the site of a new condominium development.
The Bayonne City Council voted at its April 15 meeting to give the project as 15-year-tax abatement to the 12-unit building. But unlike nearly all the previous abatements awarded recently, city officials pointed out, this project will construct for-purchase units rather than luxury rentals.
“This is a good sign for Bayonne,” said Council President Sharon Ashe-Nadrowski “The people who will be located here will be investing in the community.”
“Most of the projects approved for construction in the past were for luxury rentals,” Councilman Neil Carroll III said, celebrating what he believes is a new trend towards building properties that will be for purchase instead of rent. “Those coming to these condos will be buying into the community. This is very positive for the neighborhood.”
“This shows a turning point, where people are interested in buying in the city again, people who want to put down roots and want to be part of the neighborhood,” Carroll said.
The site is part of an area that was declared a redevelopment area by the Bayonne Planning Board in 2017.
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