Title
Dept/ Agency: Department of Economic & Housing Development
AUTHORIZING
Type of Service: Contract
Purpose: Settlement/Private sale and redevelopment of 31 units and 360-396 Springfield Ave, Newark, NJ
Entity Name: Boraie Development, LLC
Address: 442 Northfield Ave, West Orange, NJ 07052
Contract Amount: 31 units total of $41,026.80 square feet, consideration of $4 per square feet, for a total of $164,107.20; and the 360-396 Springfield Ave. retail uses including a movie theater and restaurant for a total consideration of $400,000.00 (CENTRAL WARD)
Contract Period:
Boyd Property: 30 months from commencement of construction
Newark Screens Property: (9) Nine months from commencement of construction
Contract Basis: Bid__ Prof. Ser. __ EUS__
Fair & Open__ Non-Fair & Open__ RFP__ RFQ __ Settlement X Private Sale X
Additional Comments: N/A
Invitation: Director of Economic and Housing Development, February 24, 2009