Asbury Park, NJ
The Esperanza
The 22-story, two-tower project will be the tallest structure in Asbury Park. Occupancy is slated for mid-2008.... One to five-bedrooms will be offered, with prices starting in the mid-$300,000s as of this posting.
Tuesday, September 05, 2006
Blu Asbury Park Condos
The Blu
510 Monroe Avenue
Pyramid Equities is developing the five-story, 24-unit condominium. The one-bedroom units range in size from 900 to 1,500 square feet. Prices will start at $400,000. Completion is slated for early November 07. Schultz Residential is the marketing and sales agent or call David Dorfman, publisher of asburyboardwalk.com a NJ licensced Real Estate Agent with Gilman Commercial Realty LLC.
510 Monroe Avenue
Pyramid Equities is developing the five-story, 24-unit condominium. The one-bedroom units range in size from 900 to 1,500 square feet. Prices will start at $400,000. Completion is slated for early November 07. Schultz Residential is the marketing and sales agent or call David Dorfman, publisher of asburyboardwalk.com a NJ licensced Real Estate Agent with Gilman Commercial Realty LLC.
Wednesday, August 30, 2006
Wesley Grove
Everyone has a name for the townhomes known as Wesley Grove. This project is being built by the Kushner Companies in several phases along Cookman Avenue and Wesley Lake with view of Ocean Grove.
While we like the overall concept, we still wish the overall plan drew more views to Wesley Lake and Ocean Grove then Cookman Ave.
It's a great opportunity for folks who want to be close to the Ocean, Ocean Grove and the proposed Asbury PArk Entertainment disctrict. With all the new shops and eateries in the Cookman Avenue district, it may make for an interesting summer or year-round residence.
The sales center is located in Press Plaza and is open at various times.
While we like the overall concept, we still wish the overall plan drew more views to Wesley Lake and Ocean Grove then Cookman Ave.
It's a great opportunity for folks who want to be close to the Ocean, Ocean Grove and the proposed Asbury PArk Entertainment disctrict. With all the new shops and eateries in the Cookman Avenue district, it may make for an interesting summer or year-round residence.
The sales center is located in Press Plaza and is open at various times.
North Beach Asbury
Located on the north end of the boardwalk and Ocean Avenue, The homes of North Beach consist of condos named - The Barcelona (48 units all reported under contract), The Seville and The Montery. Prices range from $450,000 to over $1,000,000.
These buildings are bing constructed on what was once the very large Monte Carlo pool and Montery Hotel and is north of Convention Hall and the Berkley Cateret Hotel.
While many old timers may not like that these buildings are taking up the entire block, it will begin to bring life to the north end and the construction will eventually block the view of the sewer treatment plant as well as eliminate some of the odors generated by the plant.
These buildings are bing constructed on what was once the very large Monte Carlo pool and Montery Hotel and is north of Convention Hall and the Berkley Cateret Hotel.
While many old timers may not like that these buildings are taking up the entire block, it will begin to bring life to the north end and the construction will eventually block the view of the sewer treatment plant as well as eliminate some of the odors generated by the plant.
Wednesday, August 31, 2005
Eminent Domain
Eminent Domain - The power of a Federal, State or Local governing authority to take one's property for "the public good".
Despite the pleas by the menacing alliance of tax-hungry municipalities and land-hungry developers to do nothing, legislators across the country are quickly moving to fix their abysmal eminent domain laws. The problem of eminent domain abuse was highlighted by the U.S. Supreme Court’s dreadful decision in Kelo v. City of New London, which gave governments the green light to take your home or business and give it to a politically connected private developer because that developer might be able to produce more taxes and more jobs off of your land.
The original intent of eminent domain was to take one's property for a public purpose- for a new road, a new park, schools etc.
Eminent Domain pwoer was then used to remove "blighted" or run-down properties in urban areas - to remove drug users, land speculators who cared little about their buildings etc. Early on, the land or buildings would be taken over by a municipality and sold off at a public auction or given to a charity who would rehab the building.
Next came the developers. As land in omst of the US becomes scarce, developers of apartments, luxury condos, shopping plazas etc have beenn able to coerce struggling towns to use their power of eminent domain to begin eminent domain proceedings to build exactly what they (the developers) propose.
Some of these ideas are truly hopefully to an area, in other cases, it is a way for the developer to assembly a large enough piece of land to redevelop.
The property owners are to receive "fair compensation" - often at a depressed price and not the potential had the area not been blighted. Sometimes, the local government has been accused of creating the same blight they want to renew.
Despite the pleas by the menacing alliance of tax-hungry municipalities and land-hungry developers to do nothing, legislators across the country are quickly moving to fix their abysmal eminent domain laws. The problem of eminent domain abuse was highlighted by the U.S. Supreme Court’s dreadful decision in Kelo v. City of New London, which gave governments the green light to take your home or business and give it to a politically connected private developer because that developer might be able to produce more taxes and more jobs off of your land.
The original intent of eminent domain was to take one's property for a public purpose- for a new road, a new park, schools etc.
Eminent Domain pwoer was then used to remove "blighted" or run-down properties in urban areas - to remove drug users, land speculators who cared little about their buildings etc. Early on, the land or buildings would be taken over by a municipality and sold off at a public auction or given to a charity who would rehab the building.
Next came the developers. As land in omst of the US becomes scarce, developers of apartments, luxury condos, shopping plazas etc have beenn able to coerce struggling towns to use their power of eminent domain to begin eminent domain proceedings to build exactly what they (the developers) propose.
Some of these ideas are truly hopefully to an area, in other cases, it is a way for the developer to assembly a large enough piece of land to redevelop.
The property owners are to receive "fair compensation" - often at a depressed price and not the potential had the area not been blighted. Sometimes, the local government has been accused of creating the same blight they want to renew.
Introduction
The Asbury Park Boardwalk is located on the New Jersey Shore - 90 minutes north of Atlantic City and 60 miles south of New York City.
Since 1975, efforts were intiated to redevelop the boardwalk and surrounding area. The lastest effort is underway once again (2005), with a master-developer and several sub-developers who have begun construction on various projects.
Since 1975, efforts were intiated to redevelop the boardwalk and surrounding area. The lastest effort is underway once again (2005), with a master-developer and several sub-developers who have begun construction on various projects.
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