iStar 1101 Ocean Avenue granted final approvals
A 30 year PILOT with 3-year build out approved by City Council
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 […]
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