Executives from Denholtz Properties, a leading commercial real estate investment and development company, joined City of Rahway Mayor Raymond A. Giacobbe and representatives from the New Jersey Housing and Mortgage Finance Agency to celebrate a 10-year extension of the successful PILOT program at Rahway Plaza in Rahway, N.J.
Completed by Denholtz Properties in 1972, Rahway Plaza is a 288-unit high-rise apartment building located at 1181 Main Street a few blocks from downtown Rahway. Residents enjoy one, two and three-bedroom apartments with private terraces and independently controlled heat and air conditioning. Additionally, a champion-size swimming pool, on-site parking, and laundry facilities offer in-demand conveniences right outside residents’ doors.
“Our long-standing PILOT agreement with the City of Rahway has enabled us to maintain Rahway Plaza as an affordable housing option for the community for many years,” said Steven Denholtz, Chairman of Denholtz Properties. “This extension ensures that hundreds of residents will continue to have access to quality, affordable homes just steps from downtown Rahway.”
To stay connected with Denholtz Properties and for updates on the latest transactions and news follow Denholtz on Facebook, X, Instagram and LinkedIn.