--- In AsburyPark@yahoogroups.com, "bluebishop82" <[EMAIL PROTECTED]>
wrote:
>
>
What proceedings?
Recent eminant domain proceedings against all of Pat Fasano's
properties
I used to have a fear that Asbury Partners would walk away from the
> beachfront buildings after making the condo money. After learning
> more I've corrected that.
>
> The goal of Asbury Partners seems to be that they wish to control
> every commercial establishment from the beach to Grand Avenue.
They
> are are going to control the commercial properties in the fast-
track
> condo buildings too.
>
> Recent eminant domain proceedings against all of Pat Fasano's
> properties (which seems unusally selective since they are so
> disparate and far apart) by Fishman confirms the latter's desire to
> control all business there.
>
> Accordingly, I don't think they plan on never fixing the beach
> buildings. I think they plan to do it a bit at a time with condo
> profits as the condos are sold.
>
> Imagine when you try to open a business on the beach and you don't
> like the lease terms. You go 7 blocks down and you run into the
> same landlord. You go 3 blocks west and you run into the same
> landlord.
>
> --- In AsburyPark@yahoogroups.com, "oakdorf" <oakdorf@> wrote:
> >
> > --- In AsburyPark@yahoogroups.com, "dfsavgny" <dfsavgny@> wrote:
> > >
> > > --- In AsburyPark@yahoogroups.com, "Fred" <asburydogma@> wrote:
> > > >
> > > >
> > > > I think if the cost is higher the escrow and bond will
> increase.
> > > >
> > > The bonds definitely increase since they are supposed to be
> matched
> > > to actual costs based upon the bids. The escrow never increases
> > >
> >
> > They also DON'T have to repair the 5th ave Pav, instead being
> obilgated
> > to do a total rehab...if i read the skip this then that correctly.
> >
> > Weren't the windows for CH ordered a few years ago?
> >
> > Let's wait and see.
> >
> > Tick.
> > Tick.
> >
>
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