25-Year Tax Abatement for Bergen Street Mixed-Use Project
Summary
The council finalized a 25-year tax abatement for a 66-unit building at 1072-1078 Bergen Street, with 13 affordable units at 40-80% of area median income. Residents turned out at the public hearing to comment before the unanimous vote.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 20, 2026.
Impact analysis
Property taxes on the site will be abated for 25 years in exchange for the new construction and affordable units.
Future tenants, including 13 affordable households, and the South Ward get new housing and retail.
Critics of long abatements note the city forgoes full tax revenue on the parcel for a quarter-century.
Mentions & discussions (2)
Municipal Council — May 20, 2026
The council finalized a 25-year tax abatement for a 66-unit building at 1072-1078 Bergen Street, with 13 affordable units at 40-80% of area median income. Residents turned out at the public hearing to comment before the unanimous vote.
Municipal Council — May 6, 2026
The city is selling Block 3665, Lots 1-6 to Bergen Street Partners for $316,800 for redevelopment. The vote split the council, with four members abstaining and several residents speaking against it at the hearing.
Related development
452 South Orange Avenue mixed-use
Adds 34 apartments — 7 of them affordable — plus retail to the West Ward, with taxes abated for 20 years.
Bergen Street Partners property sale and redevelopment
Transfers city land to a private redeveloper for $316,800.
Sale of 324-346 South Orange Avenue to Essex Reservoir Urban Renewal LLC
Sets up redevelopment of a West Ward city-owned site by a nonprofit-affiliated redeveloper.
1072-1078 Bergen Street mixed-use building
Would add 66 apartments to the South Ward if ultimately approved.
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