Other NJ News

New Brunswick Council Considers $1.1M Annual Payment Instead of Taxes for Easton Avenue Building

d183e2f35066bde1d0c1_C01.jpg
A rendering of the apartment building as seen from the portion of Hamilton Street closer to Rutgers University's College Avenue Campus. Credits: Collegiate Development Group
c0cd48b1560c3dcd12a9_C02.jpg
A rendering of the apartment building Credits: Collegiate Development Group
d183e2f35066bde1d0c1_C01.jpg

NEW BRUNSWICK, NJ — The developer that plans to construct a nine-story, mixed-use building off Easton Avenue could pay $1.1 million each year instead of property taxes, if the City Council adopts a proposed ordinance tonight.

The developer, a subsidiary of the Missouri-based Collegiate Development Group, won approval from the city's zoning board in June to put up a 181-unit apartment building—geared toward Rutgers University students—with 9,000 square feet of street-level retail space. The site in question, 78 Easton Ave., currently houses a medical building and sits near Hamilton and Guilden streets.

Under the terms of the proposed agreement, the developer would pay $1.1 million annually over 30 years, upon the “substantial completion of the project,” city spokesperson Jennifer Bradshaw told TAPinto New Brunswick.

Sign Up for E-News

As of now, the property's tax liability totals $74,727, she said. But that figure would likely climb due to development and time's effects on the property's value.

The New Brunswick City Council is slated to vote on the ordinance that would approve the long-term tax exemption and corresponding financial agreement at 5:30 p.m. tonight, Aug. 16, in City Hall. Members of the public may comment on or ask questions about the proposal at that time.

City officials are keen on the deal because it would add retail shops and apartments to the neighborhood, a highly-trafficked area in the heart of Rutgers country. In the ordinance, city officials said this would benefit New Brunswick and its residents “when compared to the cost of the tax abatement.”

What's more, the city wrote, the tax exemption is “essential to the project.” Without it, the project “would not be feasible,” according to the ordinance.

The project sits in an Urban Enterprise Zone, according to the city.

It drew much attention when first reported by TAPinto New Brunswick, mostly because the 115-foot structure is slated to take root in a busy area that has historically been home to multi-family houses rented to college students and others.

The developer intends to market the rental units to Rutgers students, but anyone can choose to live there. Indeed, the ordinance proposed tonight includes a clause barring discrimination.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Franklin Township

Residents Denied Social Security Disability Benefits Can Schedule a Free Consultation

February 21, 2018

 

SOMERVILLE – Have you been denied Social Security disability benefits?  If so, you may want to apply for a free consultation with an attorney from the Community Justice Center of Trenton.

The Somerset County Office on Aging and Disability Services is providing opportunities for eligible residents to meet an attorney at its office at 27 Warren St.

Following Florida Massacre, EB Schools Add Armed Officers to Security

February 17, 2018

EAST BRUNSWICK, NJ - At a meeting Thursday night, the East Brunswick board of Education unanimously approved a resolution to engage the East Brunswick Police department to place armed police officers at each school building in the district throughout the entire school day.  

In a report released by superintendent Victor Valeski yesterday, township officials asserted that the move ...

Bernards Police Locate Body of Township Teen in Wooded Area

BERNARDS TWP., NJ -  Bernards Township Police announced late Thursday afternoon that the body of a 19-year-old township resident, Lydia Comtois, had been located in a wooded area of Liberty Corner following a search by personnel and volunteers from numerous public safety organizations. 

A preliminary investigation indicated the young woman's death was not deemed to ...

Filthy, dangerous conditions, theft and assault alleged at recently-opened Newark shelter

Newark, NJ—Antoinette Jackson, Sonya Webb and Andrea Eaddy sit in a McDonald’s on a cold winter morning, not far from the homeless shelter they currently call home.

During the day, they count on places like McDonald's to stay warm. They must leave the shelter at 7 a.m. and can only return after 4 p.m., even when temperatures drop below freezing.

When the ...

Following Florida Massacre, EB Schools Add Armed Officers to Security

February 17, 2018

EAST BRUNSWICK, NJ - At a meeting Thursday night, the East Brunswick board of Education unanimously approved a resolution to engage the East Brunswick Police department to place armed police officers at each school building in the district throughout the entire school day.  

In a report released by superintendent Victor Valeski yesterday, township officials asserted that the move ...

Bernards Police Locate Body of Township Teen in Wooded Area

BERNARDS TWP., NJ -  Bernards Township Police announced late Thursday afternoon that the body of a 19-year-old township resident, Lydia Comtois, had been located in a wooded area of Liberty Corner following a search by personnel and volunteers from numerous public safety organizations. 

A preliminary investigation indicated the young woman's death was not deemed to ...

Filthy, dangerous conditions, theft and assault alleged at recently-opened Newark shelter

Newark, NJ—Antoinette Jackson, Sonya Webb and Andrea Eaddy sit in a McDonald’s on a cold winter morning, not far from the homeless shelter they currently call home.

During the day, they count on places like McDonald's to stay warm. They must leave the shelter at 7 a.m. and can only return after 4 p.m., even when temperatures drop below freezing.

When the ...

Somerville Merchants Endorse Plan to Reduce Parking Lot Fees

February 21, 2018

SOMERVILLE, NJ – The Borough’s controversial parking fees are set to undergo another revision, with hourly parking reduced from 75 to 50 cents in municipal lots 1,2,4 and 6, according to a merchant-driven plan endorsed by Mayor Ellen Brain.

The $1 hourly rate for parking on Main Street will remain the same, according to the mayor.

The hours of enforcement will also be changed to ...

Whole Foods in Bridgewater to Officially Open Doors March 21

BRIDGEWATER, NJ - Whole Foods Market Bridgewater, the first Somerset County location for the retailer, will officially open its doors on Chimney Rock Road March 21.

According to a release from the company, the 49,000-square-foot store will open at 9 a.m., and there will be prize giveaways, special sales and product demonstrations and samples.

"We can't wait to serve Bridgewater and ...

Somerville Grieves Over Death of Jerome Gonzalez, a Modern-Day Renaissance Man

 

SOMERVILLE, NJ - Jerome Luiz Gonzalez, a devoted father, artist, author and the heart and soul of the burgeoning downtown arts community, died early Saturday morning, Feb. 17 pursuing another one of his passions, competing in an endurance race in North Carolina.

A 1992 graduate of Somerville High School and a resident of Bridgewater, he was 44.

The obituary provided by Cusick ...

Somerville Merchants Endorse Plan to Reduce Parking Lot Fees

February 21, 2018

SOMERVILLE, NJ – The Borough’s controversial parking fees are set to undergo another revision, with hourly parking reduced from 75 to 50 cents in municipal lots 1,2,4 and 6, according to a merchant-driven plan endorsed by Mayor Ellen Brain.

The $1 hourly rate for parking on Main Street will remain the same, according to the mayor.

The hours of enforcement will also be changed to ...

Whole Foods in Bridgewater to Officially Open Doors March 21

BRIDGEWATER, NJ - Whole Foods Market Bridgewater, the first Somerset County location for the retailer, will officially open its doors on Chimney Rock Road March 21.

According to a release from the company, the 49,000-square-foot store will open at 9 a.m., and there will be prize giveaways, special sales and product demonstrations and samples.

"We can't wait to serve Bridgewater and ...

AtlantiCast

AtlantiCast: Episode 12

On this week’s episode of AtlantiCast, decade of excellence makes headlines, as Atlantic Health’s place on Fortune Magazine’s 100 Best Companies to Work For List leads off the newest episode of AtlantiCast. Also on this week’s show, check out the newest “hybrid” operating room at Morristown Medical Center and find out how Atlantic Health is helping local ...

AtlantiCast Medical Minute: Atlantic Orthopedic Institute’s Scoliosis and Spinal Deformity Center

On this episode of the AtlantiCast Medical Minute, we’ll take you inside the Atlantic Orthopedic Institute’s Scoliosis and Spinal Deformity Center, with the center’s director, Jason Lowenstein, MD.

Video Link: https://www.youtube.com/watch?v=1M7euCp86-c

AtlantiCast Episode 011

Breaking Atlantic Health System news on this week’s AtlantiCast! Plus, find out why Morristown Medical Center is one of the best hospitals in the nation when it comes to recovering from joint surgery, see the newest center for fighting brain cancer and an Atlantic Health System red-carpet premiere!