Boardwalk redeveloper Madison Marquette may shut down Convention Hall if it cannot continue its use of three surface parking lots in the city’s waterfront redevelopment area, said Gary Mottola, president of property investments for the group, yesterday. Madison Marquette is asking the city to acquiesce to several requests in order for the redeveloper to continue […]

The city is currently in negotiation with iStar Financial and Madison Marquette to create a new agreement governing the use of three surface parking lots in the waterfront redevelopment area, city manager Terence Reidy said. Reidy expects the issue to be resolved within the next 30 days, and says the lots will definitely be available […]

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 […]

Asbury Park’s city council will meet tonight in council chambers, with a closed executive session starting at 5 p.m.; a workshop session at 6 p.m. and a regular meeting at 7 p.m. Items on the agenda include: • A bond ordinance for costs related to repairs following Hurricane Sandy. The bond includes $450,000 for the […]

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 […]

The city is set to liven up some of its crosswalks in the waterfront redevelopment area with colors and artwork, including crosswalks at the three-way intersection of Cookman and Asbury Avenues and Kingsley Street [shown above]. “The intent is to draw attention to pedestrian crossings,” city redevelopment and planning director Don Sammet said at the […]