ApprovedOther
50 Mount Prospect Gardens tax abatement extension
Description
The developer got extra time to build a four-story, 35-unit rental project (28 market-rate, 7 affordable) under its original tax abatement.
Impact summary
Adds housing including seven affordable units, but delays the property returning to the full tax rolls.
Applicant
- Name
- 50 Mount Prospect Gardens Urban Renewal, LLC
- Address
- 905-913 Mt. Prospect Avenue, Newark, NJ (Block 841, Lots 26 and 37)
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Approved8–0, unanimous
Last discussed Jan 7, 2026.
Meeting timeline (1)
Related issues (1)
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