Gamal Group East Luxury Apartments financial agreement
Description
A long-term tax exemption deal for a roughly 299-unit mixed-use project with ground-floor retail on Avenue A — introduced now, hearing April 15.
Impact summary
Roughly 299 new market-rate apartments at the old Caschem site, with seven projected schoolchildren per the Rutgers study and no on-site affordable units.
Applicant
- Name
- Gamal Group East Luxury Apartments Urban Renewal, LLC
- Address
- 38 and 40 Avenue A (Block 361, Lot 12; Block 362, Lot 13)
At a glance
- Hearings
- 2
- Public comments
- 0
- Total mentions
- 2
Last vote · City Council
Last discussed Apr 15, 2026.
Meeting timeline (2)
Bayonne City Council — 2026-04-15
A 25-year financial agreement (PILOT) for two six-story market-rate buildings — 177 units with 212 parking spaces and 122 units with 126 spaces — plus commercial space and an $822,250 community benefit payment.
Bayonne City Council — 2026-03-18
A long-term tax exemption deal for a roughly 299-unit mixed-use project with ground-floor retail on Avenue A — introduced now, hearing April 15.
Related issues (1)
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