A new management team — the Denver-based Sage Hospitality Group — will operate waterfront redeveloper iStar’s two Asbury Park hotels and the Asbury Lanes, according to a news release issued by Sage and iStar. The Asbury hotel and the Asbury Ocean Club Hotel will join the Sage Independent Hotel Collection, a growing portfolio of more […]

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 […]

A former Salvation Army residence for retirees has been purchased by iStar Financial for redevelopment. The building, located on Fifth Avenue, has eight floors, as well as an extension to the east with four floors. It has been vacant since 2004, according to Brian Cheripka, iStar’s vice president of land. The brick building [pictured above […]

Key redevelopment players Madison Marquette and iStar Financial have bound themselves together more closely as a result of a deal the two announced on Thursday. Under the agreement, two undeveloped tracts held by Madison Marquette will be transferred to Asbury Partners, which is currently owned by iStar, according to iStar’s vice president of land Brian […]

Despite an in-depth presentation on curb bump-outs at last week’s council meeting, the council once again saw a tie vote, meaning curb extensions will not be allowed at the Vive condominium site on Kingsley Street any time soon. City redevelopment and planning director Don Sammet and iStar Financial vice president of land Brian Cheripka delivered […]

Madison Marquette is set to test a lighting system on the boardwalk that is “more than just lights,” according to its director of retail services Carrie Turner. Turner attended last week’s council meeting to pitch the lighting system to the governing body with the help of city engineer Joe Cunha and iStar Financial vice president […]

Workers are installing new street lights on Cookman Avenue as part of a streetscape program designed to better link the waterfront and downtown business district. The streetscape project started in the spring. Waterfront redeveloper Asbury Partners is paying for the improvements, with the goal of making this barren stretch of Cookman more pedestrian-friendly. Installing the […]

The no-man’s land of vacant lots and dilapidated buildings on Cookman Avenue dividing the downtown and beachfront will get a facelift before July 4th. A streetscape program of new sidewalks, curbing, lighting and landscaping will be installed by waterfront redeveloper Asbury Partners on the stretch of Cookman (shown above) between Grand Avenue and Kingsley Street. […]

A dilapidated Cookman Avenue building that once housed two long-closed entertainment venues is expected to be demolished within 60 days. The structure was last the home of the Club Phoenix, a go-go rock bar open for about a decade until the late 1990s. Previously, the building had housed the Odyssey gay nightclub from the early […]