ApprovedOther
34-40 Park Place subordination and estoppel
Description
The council approved estoppel and subordination agreements tied to the Dranoff Properties project at 34-40 Park Place.
Impact summary
A financing step that keeps the Central Ward redevelopment project moving.
Applicant
- Name
- Two Center Street Urban Renewal, L.L.C. (c/o Dranoff Properties, Inc.)
- Address
- 34-40 Park Place, Block 125, Lot 26, Central Ward, Newark, NJ
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Approved9–0, unanimous
Last discussed Mar 4, 2026.
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