Friday, August 10, 2012
The Post Office site, projects on Burnett Avenue and Springfield Avenue were discussed.
The Maplewood Township Committee agreed this week to pay $20,000 to Columbia University’s Urban Design Lab to conduct a planning and design study for redevelopment of the Maplewood Post Office site. The committee also passed a resolution authorizing a redevelopment agreement for the former Universal Chain site on Burnett Avenue. The Tuesday meeting was more heavily attended than usual, because of the promotion to Sergeant of Maplewood Police Patrolman Niheema N. Gary. Regarding the Urban Design Lab project, Mayor Vic DeLuca said that while the fee was “pricey,” it would help the township to think strategically about the overall plan for the site. “This is the most important piece of land we will develop,” he said. Committeeman Jerry …
Thursday, May 3, 2012
Elite Properties gets tax exemption, officials say project could help township.
A proposal to transform the former Universal Chain factory site at 92 Burnett Avenue into a large rental apartment complex took another significant step. In a 4-to-1 vote, the Maplewood Township Committee agreed on Tuesday to grant owner Elite Properties a 30-year tax exemption on paying the full property tax rate for the apartment complex. Instead, township officials authorized a payment in lieu of taxes, an annual service charge of about 2 percent of the cost of the total project. The agreement was intended to make the project more financially feasible and to draw support from potential investors, Mayor Victor DeLuca and Elite Properties General Counsel David Checchio said in an interview on Wednesday. Details on apartment project The …
40.71996
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92 Burnett Ave, Maplewood, NJ
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Friday, April 27, 2012
Elite Properties may get a break on taxes but, in the short- and long-term, the town will benefit, say elected officials.
The former Universal Chain property at 92 Burnett Avenue in the Hilton neighborhood should finally start yielding big financial rewards to the town in a year or two. Owners of Elite Properties, which purchased the property and plans to develop it as a two-story, 126-unit multi-family housing development, appealed to town leaders for a tax abatement at the April 17 Township Committee meeting. But while "tax abatement" sounds more like a loss of revenue, town leaders were quick to point out that the development will take a barely contributing property and change it into one of the top tax contributors in town. With the PILOT — or Payment in Lieu of Taxes — that Elite will be paying, the town will see approximately $403,000 in the first year …
40.71996
-74.26083
92 Burnett Ave, Maplewood, NJ
/articles/new-development-gets-tax-abatement-but-will-pay-big-pilot
/locations/6888109
Home Owner
10:51 am on Thursday, March 14, 2013
Any follow-up on the promised repairs to DeHart? Wondering why we had to pay for the generator and wiring when this developer, who isn't paying any school taxes, promised to do something. more ›