Wednesday, July 20, 2016

Developer Could Rehabilitate City-Owned Abandoned Homes

Newark, New Jersey: Abandoned properties in a Newark neighborhood could soon see new use again. 

According to a Newark City Council meeting agenda, the Newark Department of Economic and Housing Development (NDEHD) is proposing that the City of Newark sell two city-owned abandoned properties, both of which are located in the West Ward. 

The plan states that Hamlett Management, based out of Springfield, Union County, could acquire the buildings 527 and 529 South 16th Street, between 15th and 16th Avenues. 

The NDEHD is recommending that the properties be sold to Hamlett for $20,000. Hamlett is expected to rehabilitate the properties within a year for use as rental or for-sale housing. 

A large vacant lot owned by the city sits across the street from the property, but there appear to be no current development plans for it. There are schools, a police station, West Side Park, and bus stops within two blocks of the houses. 

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