Re: [AsburyPark] Re: Digest Number 1395

Mon, 22 Aug 2005 17:45:25 -0700

After the riots of July 1970, a mall was built off the Asbury Circle. It opened around 1975, with the Steinbach Store being the anchor, then Sears moved across 66, from where the IHOP is. The main entrance to Sears was there. The closing of Steinbach's on Cookman sounded the death knell of the "old" downtown. The rest of the stores went to Norwood Ave., in Deal, like Pix Shoes. Nahan's and Fischs's moved to Ocean township on Hwy. 35. Nahan's is still where is moved to. Fisch's went out of business. Bob and Irving's, Pix Shoes, the Army /Navy Store on Main St. are where the new Municiple complex is. By 1975, only the Baronet and one other theatre was open. The Savoy on Mattison, closed! The Press Box restaurant, Rexall's, (Sonny's), Bob and David's, Wolco's, the Record store, Mr. Fashion, and a couple of dime stores, Woolworth's, WT Grants and another,  were all that was left. Canadian's at Press Plaza closed shortly after. The small boutiques also moved to upscale Deal or Allenhurst. The Bra and Girdle factory were there through the 80's, then they closed by Kennedy Park. Bergers moved to Seaview Square and Dainty Apparel closed. I was a professional shopper back then, with 5 growing children, so I knew where the clothes, shoes, eyeglasses for my kids and Varsity Jackets were, that they HAD to have! First Communion, Confirmation, Buster Brown and Stride Right Shoes were ALL purchased rith there on Cookman, Ave., THE place to be, until the remaining stores shut down, one by one! I never liked Monmouth Mall, so I'd go to Woodbridge and Staten Island to shop for my kids, thereafter, although there was a Stenbach still in Red Bank. Never cared much for Red Bank. Different attitude there if you're Black. The better stores in North Jersey didn't give a rat's ass, as long as your money was green! I liked that! Shopped at A&S, Ohrbach's, Stern's and Macy's. Better stuff! Really good service, too.


Sharon Boone
[EMAIL PROTECTED]

-- \"dfsavgny\" <[EMAIL PROTECTED]> wrote:
--- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote:
> Just a few observations from Asbury Radio's table -
> And, they expressed suspicion about the city's dedication to restore 
the 
> landmarks, because of the current appearance and the time that's gone 
by since the 
> City started its comeback.
> One couple asked how the condos could be selling as well as reported, 
> preconstruction, when the surrounding area still looked so bad.

I was beginning to think we were only in the universe, but it appears 
to have made contact with other intelligent life forms. Thank goodness 
we are not alone after all.

I see this tempering of enthusiam as both good and bad. The good is 
that it brings some rationality (and perhaps responsibility) to the 
table, much like rationality coming back to the stock market. While 
healthy for the long run, some must bear the pain. Like most real 
estate professionals and layman alike, I am waiting for the bubble to 
burst. Just last week I had Donald Trump ask me what I thought was 
going to happen in the marketplace. I looked at him and said, "you're 
asking me, you're Donald Trump?" That is exactly how perplexing it has 
been. Just like in golf and a swing at the plate, poor follow through 
can ruin your game in real estate. I have my fingers crossed that this 
will not happen in AP, but I have seen it before. When a market 
downturn hits, those areas being gentrified that are not substantially 
completed, gets hit worse and take longer to recover. While no one is 
predicting as serious a downturn as occured in the late-1980's to early-
1990's (does anyone really know for sure), market conditions are 
eroding as we speak. Let's be frank about it. In addition to, and in 
spite of its special nature, what has brought most to AP is its 
availibility of relative bargains. Those bargains are already 
dissappearing. If and when the market goes down, there will be relative 
bargains elsewhere for many. In places with less crime, better schools 
and more substantial and better maintained infrastructure. While those 
areas may not have the same funky allure of AP, people will weigh the 
pros with the cons in making a decision. If the price of the new condos 
cannot be obtained (and let me tell you that there are some pretty 
heady projetions), they will not get built, at least until market 
conditions improve. If caught (as I am fond of comparing the current 
state of AP's redevelopment process) with its "pants down," there will 
be the perception that they may never get built and that it was another 
false start. Now, if substantial work had already progressed on the 
pavillions and historic structures, and other amenities of the general 
area, the downturn would be weathered differently. Forgive me for being 
blue this week, it was just a full moon in the past few days.






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