This project was originally supposed to have 224 units and be 10 stories high, but the company went bankrupt in 2011. IStar bought it then and is planning a mixed use project with 100 condos, a large parking facility and retail. Meanwhile developers in AP are now focusing on the downtown, with more housing there. —PG
I know everyone says no more condos, but they seem to be selling well in AP (I am against more in OG, unless they put in parking and meet the height and HPC standards). The last condos built in AP sold out in 1 day I think. Times and AP are not the same as in 2011!
Doug. The north end condos in AP were slow to sell. Phase two of the Wesley Lake condos never got off the ground, so I don’t know about your “selling well” idea re: AP.
But AP is much different than OG. IN AP, developers are trying to promote it as New Jersey’s Brooklyn. But that seems to be a stretch; yet there are more condo’s to be built downtown in Asbury, and it may well become Brooklyn south.
More condo’s in Ocean Grove are a terrible idea for our small historic town, even if standards are met. We have a serene neighborhood lifestyle here that would be threatened by that large commercial project at our north end (the NERP). Once the process gets moving, the citizens need to make a fuss to try to overturn the plan—–Paul
This is 1101 Ocean Avenue in Asbury Park. Two failed projects have occurred here, and the last hope, the Esperanza, remains as an unfinished skeleton. But something grand will eventually arise at this site..
In 2015, the third ambitious effort for this location was announced which would provide 128 condominiums, 22,000 sq ft of retail space and a 3 story parking garage. It will be called “1101 Ocean.”
It also should impress the residents of Ocean Grove as a dream for a city with plenty of space to build and to park. This project is a cause for celebration over there—but you can see that, by comparison, the North End Redevelopment Plan is a mistake for Ocean Grove. Internet photo.