asbury partners

Asbury Parking

Planning Board approves temporary parking lots

Metered parking will not sync with municipal platform

By Michelle Gladden
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Three temporary parking lots approved during Monday night’s Planning Board meeting are expected to launch in time for the summer season. Presented by waterfront redeveloper iStar Financial, the parking lots are meant to help alleviate parking constraints brought on by the city’s revitalization. This winter, residents and business owners voiced concerns about increasingly limited parking […]

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Apr 28, 2015
Asbury Park

Are local contractors getting a fair share of redevelopment jobs?

City admins request summary report of initiatives to hire local, buy local

By Jill Bartlett
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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 […]

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Jul 29, 2014
Asbury Park

Palace Amusements artifacts see re-inspection Thursday

31 pieces include one concrete section of wall with Tillie mural

By Jill Bartlett
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Pieces of the old Palace Amusements building that were saved when the site was demolished ten years ago will be looked at once again by an independent conservator Thursday. The inspection will be conducted by Paul Himmelstein, an independent, professional conservator who specializes in preventative conservation and paid for by the nonprofit group Save Tillie. Himmelstein […]

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Jun 19, 2014
Asbury Park

Former Felix Fox building demolished

K. Hovnanian Homes seeks to build townhouses on site

By Asbury Park Sun
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A Grand Avenue building [right] which last housed a Felix Fox paint store was demolished today on a site slated for townhouse development. Waterfront redeveloper Asbury Partners, which is majority owned by iStar Financial, announced last month that it had signed an agreement with K. Hovnanian Homes to build “luxury townhomes” on the tract where […]

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Dec 19, 2013
Asbury Park

City seeks to resume Bradley Cove preservation talks with county

Asbury Partners owns rights to build townhomes, mid-rise residential tower

By Jill Bartlett
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The city is looking to reopen discussions with county officials to purchase a tract of land in Asbury Park where the Marine Grill restaurant once stood, now known as Bradley Cove. Members of the City Council voted to resume conversations with the Monmouth County Board of Recreation Commissioners as to what can be done to […]

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Nov 29, 2013
Asbury Park

Felix Fox building undergoes demolition for redevelopment

Vacant structure on Kingsley Ave also to be razed

By Asbury Park Sun
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As part of the waterfront redevelopment project, demolition has begun on a Grand Avenue building that last housed a Felix Fox paint store. The brick structure [above] had been hollowed out as of Tuesday morning. Demolition of the structure is expected to take two weeks, according to Brian Cheripka, vice president of land for iStar […]

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Nov 05, 2013
Asbury Park

Esperanza to be covered with decorative scrim

'The concept is to dress up the Esperanza a little bit while we work on existing plans'

By Molly Mulshine
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The longstanding skeleton of the Esperanza building will be partially covered with a decorative scrim this summer. Waterfront redeveloper Asbury Partners is planning to bring bath houses and lockers to the waterfront area through the proposed Summer Experience, and placing a scrim on the Esperanza is part of that plan, said Brian Cheripka at the […]

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May 24, 2013
Asbury Park

‘Summer Experience’ may bring bath houses, changing rooms to Asbury’s water front

iStar pitches plan to council

By Molly Mulshine
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Waterfront redeveloper Asbury Partners is pitching a new plan to keep visitors in the city longer on hot summer days. The initiative, dubbed “Summer Experience,” would temporarily bring bath houses, changing rooms and hammocks to the city’s waterfront redevelopment area. Visitors would buy seasonal memberships to use the stations. Asbury Partners is seeking the city’s […]

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May 23, 2013
Asbury Parking

City, Asbury Partners ink waterfront parking lot deal

City to collect 15% of revenue on lots for next three years

By Molly Mulshine
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The city and waterfront redeveloper Asbury Partners have finally reached an agreement regarding three surface parking lots in the waterfront area. The lots are located adjacent to the Carousel building at the end of Cookman Avenue; on Ocean Avenue between Second and Third avenues [pictured above]; and on Fourth Avenue next to the Wonder Bar. In […]

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May 16, 2013
Asbury Park

Asbury Lanes building ownership to transfer to Asbury Partners

Fasano plans restaurant across from Porta in next few years

By Molly Mulshine
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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 […]

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Apr 12, 2013
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