On December 28, I noted that as of that date, there was no word from Metro Homes LLC and those who had deposits on units at The Esperanza at Asbury Park.
However, while this writer has not heard from Metro (not that they have to tell me...), they have communicated with several of those who asked about the status of their deposits.
There is GOOD news. Metro Homes LLC has offered to return deposits to those that request it regardless. That is, Metro is still looking to complete this project and arrange financing to do so. They are still considering this a "temporary" work stoppage - and therefore not legally obligated to return those deposits. This is what I have heard from several of those who placed deposits and were real concerned that their deposit money would disappear.
We're awaiting some official word on what will happen with The Esperanza at Asbury Park. There is lots of talk on how it will be completed - and by whom.
Stay tuned.
After All, THIS is Asbury Park.
Join the fun, the excitement and challenge of this City by the Sea.
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