Members of the Asbury Park planning board voted Monday to amend the preliminary and end site plan agreements for the Vive townhome complex. The amendment addresses the number of trellises that will be installed on the upper balconies of the units and how many windows will feature a Bahaman-style shade, which had been at issue […]

A discrepancy between how many exterior style elements should be included on the Vive townhomes has slowed the delivery of certificates of occupancy needed to transfer ownership of some of the finished homes to buyers. Members of the Asbury Park planning board and representatives of iStar Financial discussed the apparent discrepancy at a planning board […]

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 […]

Officials representing the city and iStar Financial last night unveiled  a payment-in-lieu-of-taxes program intended to pave the way for $58 million in waterfront infrastructure improvement, as well as facilitate the redevelopment process. “This is probably one of the most unique, fair and equitable financing programs ever in the state,” city redevelopment attorney Glenn Scotland said […]

Construction at the Vive townhome site may recommence soon, as the city and waterfront redeveloper iStar Financial are close to finalizing an infrastructure agreement for the city’s entire waterfront area. The Vive project is linked to waterfront infrastructure because in arbitration between the city and iStar, it was decided that for iStar to retain its […]

Construction at the Vive townhome site has been delayed until the city and waterfront redeveloper Asbury Partners, led by its majority owner iStar Financial, can come to a financial agreement. The agreement involves infrastructure work in the waterfront area, city manager Terence Reidy said. The agreement will “establish a template that will move all of […]