https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7158327&GUID=EC0267D3-2F2F-4428-A5B4-0BB7A9B2F7D1Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7158327&GUID=EC0267D3-2F2F-4428-A5B4-0BB7A9B2F7D1EC0267D3-2F2F-4428-A5B4-0BB7A9B2F7D1-2026-01-13-16-23-39Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Execute Community Benefits Agreement Purpose: To authorize the execution of a Community Benefits Agreement between the City of Newark, 930 McCarter Urban Renewal, LLC, Elizabeth Development Company of New Jersey and the New Jersey Economic Development Authority as a condition of receiving tax credits incentives under the Aspire Program Act, N.J.S.A. 34:1B-322 et seq., towards the construction of a new twenty-five (25) story mixed-use high-rise tower with three hundred thirty-three (333) residential units, twenty percent (20%) of which shall be affordable housing, 3,750 square feet of retail space on the ground floor and a four (4) story structured parking garage with approximately two hundred forty (240) parking stalls (the “Project”); located at 930 McCarter Highway, Newark, Essex County, New Jersey 07102, also referred to as Block 1, Lot 46.02 on the official tax records of the City of Newark, New Jersey (the "Property") Entity Name: 930 McCarter Urban RTue, 13 Jan 2026 16:23:39 GMT