AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 1098 BROAD STREET URBAN RENEWAL COMPANY, LLC, 27 AUSTIN STREET, NEWARK, NEW JERSEY 07114 FOR A PROJECT TO CONSTRUCT A NEW FIVE (5) STORY BUILDING WITH A TOTAL OF THIRTY-FIVE (35) NEW MARKET RATE RESIDENTIAL RENTAL UNITS, 750 SQUARE FEET OF COMMERCIAL SPACE, AND SEVENTEEN (17) PARKING SPACES LOCATED AT 1098-1102 BROAD STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 898, LOT 4, (EAST WARD)

Committee

Economic and Housing Development

Introduced

March 15, 2024

On agenda

March 19, 2025

Passed

April 2, 2025

Where it was heard

Municipal Council Apr 2, 2025 Close on Public Hearing and Adopt Pass Municipal Council Mar 19, 2025 Advance and Adopt on First Reading as 6F- Pass

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