New Jersey Record
Newark
TabledOther

Private sale redevelopment — Central Ward market-rate apartment conversion (7R2A)

Description

A buyer from the city's canceled high-value auction wants to rehab and convert a Central Ward property to market-rate apartments, but the council deferred the sale until it sees unit counts, pricing, and appraisals.

Impact summary

Any project over 15 units must comply with inclusionary zoning, but the unit mix and rents weren't available — so the sale waits.

At a glance

Hearings
1
Public comments
0
Total mentions
1

Last vote · City Council

Tabled

Last discussed May 19, 2026.

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