The federal court's involvement has reignited interest in Union City's real estate, allowing a rare opportunity for development on 2.68 acres after years of stalled litigation.
The Kislak Company's upcoming sale of the properties marks a significant moment for Union City, particularly due to the decades-old plans for residential towers that were never realized.
With residential zoning, potential buyers might propose smaller developments to maximize the use of the land, which previously had plans for more extensive construction.
Kislak aims for a single buyer to purchase the 2.68 acres, but multiple buyers could also secure portions, reflecting diverse development strategies in a dense urban space.
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