Newark slaps wage mandate on resi megaproject – Robert Khodadadian

The developer behind a big Newark project is playing ball with local unions. Accurate Builders and Developers will pay union wages for its CitiSquare Newark development, reported. In exchange, the Newark City Council approved a tax break and other financial help for the massive undertaking on the Passaic waterfront. The council Tuesday unanimously approved an ordinance containing a property tax abatement. Also, $18 million in assistance will be spread across nine phases of the

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Cross Post, Development, Home Page, New Jersey, Newark The Real Deal New York Read More