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Posts Tagged ‘Ocean Grove real estate issues’

Sackman Enterprises created 98 rental units near the beach in A. Park.  They own other properties in AP including a new condo project and the restored Steinbach building.  They also  own #60 Main Avenue in OG.   (the brick pizza building with high rentals)   Internet photo.

By Paul Goldfinger, Editor @Blogfinger.

Here is a link to a post we published last July regarding the relationship between OG and A. Park. It raises some important issues.

OG AP connection

In Ocean Grove the pressure on “our” parking will continue to increase due to the Asbury parkers. And this is on top of other parking concerns such as the Camp Meeting Association’s plans to increase its year round programming, and the ambitious new activities at the Jersey Shore Arts Center which has new year-round events that have made life intermittently difficult over in that west end Grovarian neighborhood, and the JSAC has even more ambitious plans for the future.

And then there is the pressure  (as with the Warrington site) to create multi-unit condominium or hotel units without offering off-street parking. Added to the mixed bag is the  continued large-scale extravaganzas by the Chamber of Commerce which shuts down our streets and crams thousands of tourists for their big events.  They, the Township, and the CMA have done nothing to help residents with the parking situation during these grid-lock megalomaniac events.

Real estate in Asbury Park continues to be hot as millennials*  come into town to be close to the Asburian action. A side effect of that is the growing AP housing demand resulting in real estate spillover to Ocean Grove—–be close to the action while paying less for housing here.  But then we will see rising price pressure in OG.

If you go to any fine restaurant in A. Park you will find well-healed young people enjoying expensive dinners.  This trend will increase, and a large new high-rise building near the ocean will have condominiums, a hotel, stores and offices.

Some condos in AP have doubled  (or more) in value in just a few years,  and resales can bring up to $1 million.  There are quite a few smaller condominium conversions as well as large units all over Asbury-town, especially at their north end.    Of course they have parking problems that keep increasing.   A recent condo project recently took over a parking lot near Wesley Lake.  All of this development impacts Ocean Grove to some extent.  Woe is us!.

And how about the street water runoff into Wesley Lake?  Jack and I visited the Monroe  work site  a few months ago  (below)  and all we saw regarding the Lake’s ecology were a few ironic storm drains along the lake with a carving of a fish on them.

Where is the DEP?   We hear that the DEP plans to get involved in shore lake management, but so far, no news on that front.

Storm sewer on the Asbury side of Wesley Lake. Blogfinger photo. Click to see the ironic fish.

This is the newly built  Monroe which faces Wesley Lake on the AP side. Internet photo.

In addition, Bradley Beach has become hot with higher prices for homes that sold for a lot less not long ago.  This is the Asbury Park effect to the south of OG. And you can buy alcoholic beverages in BB.

It’s interesting that back in the day, when AP  had roaring honky tonk going on, people from BB, Avon and other southern destinations  would walk through OG, heading north on the boards, admire the scenery and the peacefulness of our town, and then proceed as fast as they could to reach the promised land of Asburian hot-times before some Grover calls them sinners.   Now the Asbury Park two-step is back again, and developers want to turn OG into AP South.com.

Some buyers are seeking houses in OG and BB as sources of income for Air B& B and more long range rentals.  From the point of view of OG residents, this is not good news.  This kind of activity can change Ocean Grove significantly.

*Millennials often are highly educated and have good jobs. Now they have saved some money and they are looking for housing around here.  Some condos in AP have doubled their valuations  (and along with it their property taxes.)

The  Pew Research Center will use 1996 as the last birth year for Millennials.    Anyone born between 1981 and 1996 (ages 22-37 in 2018) will be considered a Millennial, and anyone born from 1997 onward will be part of a new generation.

This is an explosive  time for the staid Victorian town of Ocean Grove.  Anyone who lives here, full time or part time or as a vacation destination should be aware.

LIANNE LA HAVAS     from the movie Loving Vincent—-“Starry, Starry Night”

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