Excellent blow by blow Sharon. The only stores I
can think of that somehow weathered the storm are Carl (Mr. Fashion) &
Felix Fox, the paint store. It's a toss up between Steinbach's & the Asbury
Park Press regarding the death knell scenario I think.
----- Original Message -----
Sent: Monday, August 22, 2005 8:39
PM
Subject: Re: [AsburyPark] Re: Digest
Number 1395
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]>&
nbsp;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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