26-1141
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Proposed construction of a six-story mixed-use development consisting of commercial space on the ground floor and 28 residential units above, with 20% of the residential units reserved as affordable housing. Entity Name: Emmoli Ventures Inc. Entity Address: 1006 Park Avenue, Plainfield, New Jersey, 07060 Sale Amount: $400,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $219,600.00 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) 502-504 Clinton Avenue /Block 2687/ Lot 51/ South Ward Additional Information: Sale Price: Negotiated = $400,000.00 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
- Emmoli Ventures Inc
- Amount
- $400K
- Runs until
- no end date published in this record
- 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
- July 29, 2026
- On agenda
- September 9, 2026
- Passed
- September 9, 2026
Where it was heard
Municipal CouncilWatch what Newark buys
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