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Demolition of the former Fast Lane nightclub building [above at right] has been put off until next week, according to Brian Cheripka, vice president of land for waterfront redeveloper iStar Financial, which owns the property.

Demolition equipment should arrive today or Monday, with the work now expected to begin on Tuesday, Cheripka said.

Special care is being taken not to damage Asbury Lanes, the 1960s era bowling alley and current music venue which abuts the former Fast Lane building, he said.

“The demolition was originally scheduled to begin this week,” said Cheripka. “However, we are taking extra precautions to ensure that we protect Asbury Lanes during this process.”

Pat Fasano, an owner of Asbury Lanes, requested the demolition so he could use the cleared space for an outdoor extension of the bowling alley’s liquor license. The new space will include picnic benches and horseshoe pits, he said. Click here for a previous Sun story about Fasano’s plans for the outdoor space.

IStar has agreed to lease the outdoor space to Fasano and his partner Vincent Gifford until Labor Day 2015, after which the two will turn Asbury Lanes over to iStar, Fasano previously told the Sun. Fasano and Gifford have an agreement with iStar to trade Asbury Lanes for two properties — a commercial parcel at the corner of Kingsley Street and Second Avenue and a residential property on Second Avenue.

On the commercial property — located across the same Kingsley Street corner as Porta Pizza – a bar and restaurant is planned, Fasano said. Brothers Bob and Chris Fahey, who own Edgar’s Pub in Manasquan and currently manage Asbury Lanes, will be partners in that new restaurant with him and Gifford, Fasano said.

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