Final project approvals were granted Wednesday by the Asbury Park City Council for iStar’s 1101 Ocean Avenue mixed use development. In its role as the municipality’s redevelopment authority, the City Council unanimously granted the master waterfront redeveloper a subsequent developer’s agreement that includes a Payment in Lieu of Taxes [PILOT] structure that will allay the […]

In an unprecedented move, waterfront redeveloper iStar will launch a construction industry workforce development program next week. Aimed at including local contractors in the work needed to build the 1101 Ocean Avenue project at the failed Esperanza site [shown in feature photo],  iStar will host an open bid event from 8 a.m. to 5 p.m. Friday […]

iStar’s 1101 Ocean high rise project won unanimous Planning Board approval Tuesday night. Market conditions and further agreements with the City Council will be the next catalyst for the construction of 1101 Ocean, iStar Senior Vice President of Development Brian Cheripka said. Once funds and agreements are in place construction would take 2 to 2½ […]