AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR LONG TERM TAX ABATEMENT TO 300 GARSIDE MANAGEMENT URBAN RENEWAL LLC, 124 POLK STREET, #S-2, NEWARK, NEW JERSEY 07105, FOR A PROJECT, LOCATED IN THE NORTH WARD AT 300-304 GARSIDE STREET, NEWARK, NEW JERSEY 07104 AND IDENTIFIED AS BLOCK 559, LOT 10.03 ON THE TAX MAP OF THE CITY (THE “PROPERTY”), TO CONSTRUCT A NEW FIVE (5)-STORY RESIDENTIAL MULTIFAMILY DWELLING CONSISTING OF TWENTY-FIVE (25) AFFORDABLE HOUSING RESIDENTIAL UNITS, CONSISTING OF FIVE (5) ONE-BEDROOM UNITS, FIFTEEN (15) TWO-BEDROOM UNITS, AND FIVE (5) THREE-BEDROOM UNITS, AND NINETEEN (19) PARKING SPACES AS APPROVED BY THE ZONING BOARD OF ADJUSTMENT (COLLECTIVELY, THE “PROJECT”) (NORTH WARD).

Committee

Economic and Housing Development

Introduced

May 9, 2025

On agenda

August 6, 2025

Passed

September 4, 2025

Where it was heard

Municipal Council Sep 4, 2025 Close on Public Hearing and Adopt Pass Municipal Council Aug 6, 2025 Advance and Adopt on First Reading as 6F- Pass

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