City of Newark - File #: 23-0435https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6296803&GUID=2F943E1D-FC5C-46D8-B632-74D8B09B5A87Legistar15City of Newark - File #: 23-0435https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6296803&GUID=2F943E1D-FC5C-46D8-B632-74D8B09B5A872F943E1D-FC5C-46D8-B632-74D8B09B5A87-2026-05-11-20-13-44Title: AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO 14 MERCHANT URBAN RENEWAL, LLC, 124 POLK STREET, SUITE 2, NEWARK, NEW JERSEY 07105, FOR A PROJECT TO CONSTRUCT A NEW (5) STORY BUILDING CONSISTING OF (26) MARKET RATE RESIDENTIAL RENTAL UNITS, (2) AFFORDABLE HOUSING RENTAL UNITS RESTRICTED TO TENANTS AT 60% OF AMI AND (16) OFF-STREET PARKING SPACES LOCATED AT 14-16 MERCHANT STREET, NEWARK, NEW JERSEY 07105 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 1994, LOTS 42 AND 43.Mon, 11 May 2026 20:13:44 GMT