Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of an eighty (80) to one hundred (100) unit residential apartment building, with a minimum of 20% designated as affordable housing, at 198-202 Meeker Avenue. Development of a truck and trailer parking facility at 847-983 Doremus Avenue, leveraging its proximity to the Port of Newark and surrounding industrial area for port-related use. Redevelopment of 77-101 Riverside Avenue for industrial use following a comprehensive environmental review, beginning with a site investigation report and completion of all necessary environmental remediation Entity Name: 847-983 Doremus Avenue, LLC Entity Address: 500 Avenue P, Newark, New Jersey 07105 Sale Amount: $4,000,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $2,237,300.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 847-896 Doremus Avenue/ Block 5082 Lot 74/ East Ward 198-202 Meeker Avenue/Block 3730.01 Lot 2/ South Ward 77-83 Riverside Avenue/Block 674 Lot 4/ North Ward 85 Riverside Avenue/Block 674 Lot 3/ North Ward 87-101 Riverside Avenue/Block 674 Lot 5/ North Ward Additional Information: Sale Price: Negotiated = $4,000.000.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties
What this record is
- Held by
- Doremus Avenue, LLC
- Amount
- $4.00M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
- Field
- Vehicles & equipment
vehicles & equipment 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
- April 10, 2026
- On agenda
- May 20, 2026
- Passed
- May 20, 2026
Where it was heard
Municipal CouncilWatch what Newark buys
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