AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO B9 HYATT AVE OWNER URBAN RENEWAL, LLC, 602 W. OFFICE CENTER DRIVE, SUITE 200, FT. WASHINGTON, PENNSYLVANIA 19034, FOR A PROJECT INVOLVING THE CONSTRUCTION OF AN APPROXIMATELY 354,400 SQUARE FOOT INDUSTRIAL WAREHOUSE/DISTRIBUTION BUILDING, INCLUSIVE OF 4,000 SQUARE FEET OF OFFICE SPACE, 53 LOADING DOCK SPACES, 166 TRAILER STORAGE SPACES AND 268 OFF-STREET PARKING SPACES LOCATED AT 105-135 HYATT AVENUE, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 5020, LOT 69.03 (FORMERLY LOTS 69.03, 69.04, 69.05, AND 69.06). (EAST WARD)

Committee

Economic and Housing Development

Introduced

July 12, 2024

On agenda

December 4, 2024

Passed

December 18, 2024

Where it was heard

Municipal Council Dec 18, 2024 Close on Public Hearing and Adopt Pass Municipal Council Dec 4, 2024 Motion to Amend Pass Municipal Council Dec 4, 2024 Adopted as amended on Communications Pass Municipal Council Dec 4, 2024 Advance and Adopt on First Reading as 6F- Pass

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