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 agreement for infrastructure funding for the waterfront redevelopment area.
That plan was presented and approved at last night’s council meeting.
The Vive complex, located at the corner of Asbury Avenue and Kingsley Street, will include 28 two-or-three-bedroom units. Most will have three floors, with an option for a fourth floor to function as either a rooftop terrace or a bedroom. Square footage will range from 1700 to 2200 square feet. Each unit will have a two-car garage.
Thirteen of Vive’s planned units have been sold while 15 remain, according to iStar Financial’s vice president of land, Brian Cheripka.
Richard Gribble purchased one of the townhomes in August, and was “very, very happy” to find out at last night’s council meeting that construction would be recommencing soon.
Gribble and his partner sold their house in Freehold Township after buying a Vive home, and have been renting ever since. They originally thought Vive would be done in April or May 2013.
“There was some frustration level at the lack of progress, but it looks good now,” Gribble said.
Gribble and his partner rented in Asbury Park 26 years ago “when there was nothing here,” he said, “and we’ve been coming here ever since. We’ve seen all the ups and downs and finally felt it was at a point where it made sense to move here and it would be a good investment.”
