City officials are in the midst of reviewing sections of agreements drawn up with waterfront redevelopers that outline developers’ responsibilities to hire local workers and purchase local building products. The agreements with master waterfront redeveloper Asbury Partners [majority owned by iStar Financial] and boardwalk redeveloper Madison Marquette contain language that the developers make efforts to […]

Waterfront redeveloper iStar Residential has signed an agreement with K. Hovnanian Homes to build townhouses on the western edge of the Asbury Park waterfront redevelopment zone on Grand Avenue. The project will be located at the intersection of Grand and Monroe avenues, according to a news release issued by iStar this morning. K. Hovnanian Homes […]

Waterfront redeveloper iStar Financial was granted permission by the city council on Wednesday to install new bike racks on city property in the waterfront area. The number and location of those racks will now be determined administratively by city staff, according to Donald Sammet, the city’s director of redevelopment and planning. The council’s vote was to […]

Ownership of the Asbury Lanes building is changing hands from Pat Fasano and Vince Gifford to waterfront redeveloper Asbury Partners. The switch is part of a land exchange wherein Fasano and Gifford will give Asbury Partners three lots, and Asbury Partners will give them three lots. The transfer of deeds will likely take place lot-by-lot […]

Construction of the Vive townhomes has finally begun after a months-long standstill. The estimated date of completion for the complex is September 2013. Site preparation began in July and sales on the complex’s 28 units began in June, but vertical construction could not commence until the city and waterfront redeveloper iStar Financial came to an […]

After a few shaky years, sales are steady in the condominiums in Asbury Park’s waterfront redevelopment zone — so steady, in fact, that Wesley Grove only has one unit left to sell, while North Beach has vacancies only in its third building, which was just completed last year. Wesley Grove and North Beach are both […]