https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5894131&GUID=F0C71A69-6A66-46EE-B4F0-271D63442CE1Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5894131&GUID=F0C71A69-6A66-46EE-B4F0-271D63442CE1F0C71A69-6A66-46EE-B4F0-271D63442CE1-2025-09-13-12-17-58Title: AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO 503 SOUTH ORANGE AVE URBAN RENEWAL, LLC, 55 MORRIS AVENUE, SUITE 108, SPRINGFIELD, NEW JERSEY 07081, FOR A PROJECT TO CONSTRUCT A FOUR-STORY BUILDING CONSISTING OF APPROXIMATELY (13) MARKET RATE RESIDENTIAL RENTAL UNITS, (2) AFFORDABLE RESIDENTIAL RENTAL UNITS RESTRICTED TO TENANTS AT 60% OF AREA MEDIAN, 1,692 SQUARE FEET OF GROUND FLOOR COMMERCIAL SPACE AND (7) PARKING SPACES LOCATED AT 503-505 SOUTH ORANGE AVENUE, NEWARK, NEW JERSEY 07103 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 1791, LOTS 24 AND 25. (WEST WARD) Deferred 6PSF-c 111422Sat, 13 Sep 2025 12:17:58 GMT