New apartments are on the horizon for the City of Monmouth. At the recent Warren County Board meeting, the board approved the sale of the Annex building, the former Monmouth City Hall, to the City of Monmouth, where it will then go to a private developer that has plans to construct thirteen apartments going forward, explains Buildings and Grounds Chair Sean Cavanaugh:
“We purchased the building many years ago for one dollar. It is being purchased now for $1,100, involving Estes Construction. If everything goes well, there will be a $4.5 million, roughly, investment and the end result will be thirteen apartments, nice apartments. As everyone knows, the county has a housing shortage and the City, Estes Construction, and the County, to be working together, it is a win win for everybody involved, especially the tax payer.”
The Annex building in Downtown Monmouth has sat vacant for two decades.
