Title
Dept/ Agency: Department of Economic & Housing Development
AUTHORIZING
Type of Service: Private Sale and Redevelopment of City-Owned Property
Purpose: Construction of one (1) three-family home to be sold as market rate housing, one (1) multi-family building containing no less than six (6) residential units to be sold as Workforce Housing and one (1) two-family home to be sold as Workforce Housing in the West Ward.
Entity Name: Progress Development Group, L.L.C.
Address: 131 Fourth Avenue, Newark, NJ 07104
Square Feet Assessment: 13,820 sq. ft. x. /$7.00 sq. ft. or $4.00 sq. ft.
Total Purchase Price: $66,620.00
Total Assessment: $207,000.00
Contract Period: Upon adoption of Resolution
Contract Basis: Bid__ Prof. Ser.__ EUS__
Fair & Open__ Non-Fair & Open__ RFP ___ RFQ__
List of Properties:
Address/Block/Lot/Size/Sq. Feet
302 S. 9th Street/1781/55/18.9 x 100/1,890 x $7.00 sq. ft.
302 1/2 S. 9th Street/1781/70/18.9 x 100/1,890 x $7.00 sq. ft.
290 S. 9th Street/1781/69/18.6 x 100/1,860 x $4.00 sq. ft.
292 S. 9th Street/1781/61/18.5 x 100/1,850 x $4.00 sq. ft.
292 1/2 S. 9th Street/1781/60/19.4 x 100/1,940 x $4.00 sq. ft.
294 S. 9th Street/1781/59/18.9 x 100/1,890 x $4.00 sq. ft.
173 S. 10th Street/1826/33/25 x 100/2,500 x $4.00 sq. ft.
Invitation: Economic and Housing Development Director, May 19, 2009