`"Fishman is not a developer but a purchaser of tax liens and one who flips those properties – [he isn't an] actual developer [but a] "Gatekeeper"'
Which explains such niceties as cooling your heels for 3 years in a stupendously hot market, not putting tenants and life into the boardwalk for 2 or will it be 3 seasons to draw people and suggest that life is returning, breaking ground in October of '04 but failing to get out of the ground 8 months later, sub developers building a few signs promoting sales office openings "Spring `05" with nary a trailer to be seen, continuing treatment of the site as though it were 1945 Dresden with piles of rubble everywhere and sporadic press suggesting this is where and how SoHo will meet South Beach, provided you leave your kids elsewhere. Oh and whether or not your taste, painting everything in sight puke yellow and leaving it that way; this clown is an amateur. --- In AsburyPark@yahoogroups.com, "bluebishop82" <[EMAIL PROTECTED]> wrote: > Considering that anyone who develops this property has to go through > TRC, Planning Board, Council, CAFRA and get bounced around between > them, I disagree that anyone could have gotten this done any faster. > > I do still disagee with you about Fishman being a "developer." A guy > like Rich DePetro hires others to do all the work at the > Brittwoods. Is he not the developer? Of course he is. So is > Fishman, no matter with whom he contracts. > > Dan is redeveloping his AP house right now. Applying his reasoning > and yours, he isn't; the carpenters, plumbers, heating contractors, > etc. are developing it. > > > > --- In AsburyPark@yahoogroups.com, "Tyler, Mark" <[EMAIL PROTECTED]> wrote: > > BB82 - You're on target till you get to the developer part. > Hovnanian may > > not be driving nails but that isn't what a developer does. > Fishman is not a > > developer but a purchaser of tax liens and one who flips those > properties - > > exactly what he did here. It is true that he has done something > like a part > > of a development agreement but the agreement is open ended and in > part > > because the actual developers with the right exspertise will be > filling that > > in. If Asbury Partners had been the actual developer and not the > > "Gatekeeper" (that's the way they describe it in MOU if memory > serves me) > > things would be built by now, restored by now and and the boardwalk > > operational at least a year ago. No developer with an ounce of > pride would > > have allowed this valuable property to lay fallow and not hit the > property > > boom on target. > > > > -----Original Message----- > > From: AsburyPark@yahoogroups.com > [mailto:[EMAIL PROTECTED] > > Behalf Of bluebishop82 > > Sent: Monday, May 16, 2005 3:55 PM > > To: AsburyPark@yahoogroups.com > > Subject: [AsburyPark] Re: For Skip.... Now Complain; drop the > election - > > I quite like Larry > > > > > > This isn't your best day on this list. First I catch you and Skip > > in no uncertain tems telling people who disagree with you not to > > post here, and despite that being in writing, you then deny that's > > what you meant, when in fact its exactly what you wrote. > > > > As of for the Boardwalk - it was Fishman that built it. The fact > > that the City paid for it with financing from Fishman by a credit > > against the sale of buildings means he not only did the actual > > building, he temorarily paid for it. I'm not sure how you fail to > > put this in the category of something "Fishman did" when there was > > no one else but Fishman involved. Actually I can understand - you > > dislike him so much you refuse to credit him anything. > > > > As for the materials used, blame your liberal envormental tree- > > hugger friends. The last time a portion of the boardwalk was > built > > stronger wood was used, but there was a frenzy over the wood being > > from the rain-forest. The new material used was used to appease > > them. > > > > Now, aren't you glad I explained the boardwalk to you? > > > > As for the condos, Fishman is the developer. He is the guy with > the > > contract with the City to get them built. The fact that he uses > sub- > > developers for the construction of certain sites makes him no less > > the developer. He is the one that got the approval process > through > > the many levels of governement, which as I prey you know, is a > > function of land development. > > > > The sub-deveolpers contract out further to other subcontractors. > Do > > you think Hovnanian is out there banging nails himself? So where > do > > you artificially draw the line at who gets to be called "a > > developer?" Is it the youngest, newest carpenter if he does the > > most manual labor? Of course not. > > > > Truth is Larry is the developer,who contracts out to others, who > > will in turn contract out to more others, and so on. Larry is the > > guy ultimately with the contract with the City and approvals from > > CAFRA, so it is appropriate to call him the developer - he has the > > contractual responsibility to get it done. You won't credit him > > because you dislike him so. > > > > > > > > > > --- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> > wrote: > > > --- In AsburyPark@yahoogroups.com, "bluebishop82" > > <[EMAIL PROTECTED]> > > > wrote: > > > > Did you miss the new boardwalk and condominiums being built at > > the > > > > beach? > > > > > > > No. The boardwalk was paid for by the city with credits against > > the > > > cost from the purchase of our waterfront buildings. I look at > the > > > boardwalk very closely and see that we had the foresight to use > 2 > > X 6 > > > southern pine instead of a more lasting wood, as most boardwalks > > are, > > > including ours just south of CH. In fact, if you compare that > > section > > > with the yellow pine section, you will notice that the letter > > secton > > > built by Asbury Partners is splitting in most areas. The other > > secton > > > (ipe wood?) is not splitting and I suggest that we are going to > > have to > > > be replaing boards on the other section on a regular basis. > Also, > > don't > > > you think it was great business practice to let Asbury partners > > build > > > it and allowing them NOT to put it out to bid? I don't think so, > > and > > > since our property sales were being charged off against it, who > > knows > > > what it really cost. If you wanted a boardwalk, you should bid > it > > out, > > > then get the money from Asbury Partners whether you decide for > > them to > > > build it or someone else. > > > > > > Aren't you glad you asked about the boardwalk? > > > > > > As to Asbury Partner buildings condos on the beach or anywhere > in > > AP > > > for that matter, if you can find any, I will marry Larry > Fishman, > > and > > > remember, I am a straight white male. Asbury Partners is not > > building > > > condos, subdevelopers (insert real in place of sub) are. Larry > is > > just > > > banking the land and turning a tidy profit. > > > > > > > > > > > > Yahoo! Groups Links Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
