25-0811
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: On 555 South Orange Ave., new construction of a mix-used building with a resource center on the ground floor and 4 residential apartments above. On 25-27 Martin Luther King Boulevard will be new construction of a 4-family home to sell to a first-time homebuyer at market rate. Entity Name: Transcend Outreach Center, Inc. Entity Address: 971 Clinton Avenue, Irvington, New Jersey 07111 Sale Amount: $90,238.20 Cost Basis: (X) $15.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $90,900.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from the City to the Redeveloper Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 555 South Orange Avenue /Block 1789/Lot 30/ West Ward 25 Martin Luther King Boulevard /Block 486/Lot 12/ Central Ward 27 Martin Luther King Boulevard /Block 486/Lot 13/ Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 6,015. 88 X $15.00 = $90,238.20 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. Deferred 7R2-d 112525
What this record is
- Amount
- $91K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
- Field
- Construction
construction contracts in NJ that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic and Housing Development
- Introduced
- May 29, 2025
- On agenda
- November 25, 2025
- Passed
- December 3, 2025
Where it was heard
Municipal Council Municipal CouncilWatch what Newark buys
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