September 23, 2021
Albatross: Internet photo showing condos on the left and a private home on the right. Ocean Pathway.
By Paul Goldfinger, Editor Blogfinger.net. 2021. Re-post.
We found Bill Reilly, the owner of the Albatross, mowing his lawn this morning. He wasn’t enthused to say much, but he assured us that there is no definite sale at this time for his property.
He did acknowledge that he is having discussions regarding a sale. He wouldn’t say who the prospective buyer is, but he did agree that a buyer could only use the property for a hotel. If it were to be demolished, it could be replaced by a single family home.
As we have recently reported, a condo conversion is not in the cards, unless a new owner could coerce Neptune Township, as occurred with the Aurora.
We believe that the current owner had hopes for a condo conversion in the past, but it was not to be.
If Neptune could do it for the Aurora, then how could they refuse the Albatross? You would think that a sale deal would have to include official reassurances regarding any zoning changes.
On the other hand, there is a history of hanky panky in this town when it comes to zoning. And the fact that the Albatross is a historic gem, worth restoration, makes no difference to the indifferent, untransparent, money-hungry Neptune Comedy.
It’s time to wait and see what happens with this story.
THE NUTMEGS “A Story Untold.”