Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: An Agreement to Subordinate the City of Newark’s Reverter Rights by entering into a First Amendment to Agreement for the Sale and Redevelopment of Land and a Subordination Agreement in order to permit Redeveloper to obtain financing necessary for the redevelopment of an affordable mid-rise multi-family residential building. Entity Name: Springview Development Group LLC Entity Address: 1212 Springfield Avenue, Irvington, New Jersey 07111 Sale Amount: N/A Cost Basis: ( ) $ PSF ( ) Negotiated (X) N/A ( ) Other: Assessed Amount: N/A Appraised Amount: N/A Contract Period: Not Applicable Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Property: (Address/Block/Lot/Ward) 569 Springfield Avenue/Block 2618/Lot 1/South Ward 565-567 Springfield Avenue/Block 2618/Lot 3/South Ward 563 Springfield Avenue/Block 2618/Lot 5/South Ward 559-561 Springfield Avenue/Block 2618/Lot 7/South Ward 643 South 11th Street/Block 2618/Lot 12 /South Ward 645 South 11th Street/Block 2618/Lot 13/South Ward 647 South 11th Street/Block 2618/Lot 14/South Ward 649 South 11th Street/Block 2618/Lot 15/South Ward 651 South 11th Street/Block 2618/Lot 16/South Ward 653 South 11th Street/Block 2618/Lot 17/South Ward Additional Information: Resolution 7R2-c adopted on October 5, 2022, designating Springview Development Group LLC as the redeveloper and authorizing an Agreement for the Sale and Redevelopment of Land.

What this record is

Held by

Springview Development Group LLC 2 records across this site

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

See which contracts are coming up for rebid →

Read automatically from the title of the official record. The source document below is authoritative.

Springview Development Group LLC also holds

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: (1)Execute Affordable Housing Agree… $750K Newark, NJ

Committee

Economic and Housing Development

Introduced

June 5, 2025

On agenda

July 2, 2025

Passed

July 2, 2025

Where it was heard

Municipal Council Jul 2, 2025 Adopt Pass

Watch what Newark buys

This is one award. Newark signs them continuously, and each one names a company and a date it runs out. Say what you sell and we will email you when the next one matches.

Watch this

Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.