ASBURY PARK, N.J., June 14 /PRNewswire-USNewswire/ -- Madison 
Marquette announced today the formation of Experience Asbury, a joint 
venture with Asbury Partners to redevelop and revitalize the entire 
Asbury Park boardwalk. The formation coincides with the commencement 
of major improvement projects, including the rehabilitation of the 
famed Paramount Theatre and Convention Hall. 

(Photo: http://www.newscom.com/cgi-bin/prnh/20070614/DCTH048 ) 

"Summer 2007 marks the return of Asbury Park as a preeminent 
cultural, dining, shopping and beach recreation destination," said 
Gary Mottola, President of Madison Marquette Investments, the 
managing partner of the new joint venture. The redevelopment zone 
stretches over 1.25 miles of oceanfront property and includes Asbury 
Park's historic boardwalk, pavilions, Casino Building and Paramount 
Theatre and Convention Hall. 

Paramount Theatre Rehabilitation 

Madison Marquette is near completion of a historic rehabilitation of 
the historic Paramount Theatre. A grand reopening celebration is 
scheduled for Friday, June 29 and will feature the debut 
of "Attention Span of a Fly," an original performance from Kennedy 
Center Award-Winning New Jersey playwright, Ben Clawson. 

Larry Potter of Landmark Studio in Pittstown, New Jersey, is 
completing the theater's restoration. The 1,500-seat venue was 
originally built in 1930 and placed on the National Register of 
Historic Places in 1979. It was designed by the famed architecture 
firm of Warren and Wetmore and was widely considered one of the most 
magnificent theaters of the early 20th century. Anchoring the North 
end of the Asbury Park boardwalk, it is an enduring symbol of the 
city's rich history and culture. 

This summer the Paramount will house a variety of live performances. 
A new in-residence theatre company, Park Players, will host a series 
of plays. Christopher Barker, Executive Director of Highlands 
Regional Playhouse in Allendale, New Jersey has founded the theatre 
company with his brother, Jonathan Barker. "We were so excited about 
the restoration of this theater and the entire boardwalk area that we 
created Park Players," said Christopher Barker. 

New Jersey's Metro Lyric Opera is sponsoring an opera series at 
Paramount Theatre that includes two performances, Traviata on July 21 
and Barber of Seville on August 4. Additional individual concerts and 
events are scheduled throughout the season. 

"The Paramount Theatre is once again the center of Asbury Park's 
cultural life," said Mr. Mottola. "These performances will breathe 
important new life into summer nights at the boardwalk." 

New Retail and Dining Options 

Madison Marquette is adding several new retail and dining options for 
boardwalk patrons this summer. In the former Howard Johnson's 
building, successful restaurateur Gabe Marabella has opened Salt 
Water Beach Cafe, a relaxed beach concept serving an upscale American 
menu. Outdoor seating allows guests to enjoy the beach and boardwalk 
while dining and 'Boardwalk Menu' allows beachgoers to satisfy their 
hunger without losing any time in the sun. 

"Asbury Park is officially reborn and I am looking forward to helping 
usher in a new era," said Mr. Marabella, an experienced restaurateur 
best known for his Marabella's Restaurants in Philadelphia and 
southern New Jersey shore area. 

New retail options include: Hot Sand, a glass-blowing artisan; 
Brielle Cyclery, a bicycle shop; Cabana Club, a new entertainment 
club; Casa Di Formaggio, a panini sandwich shop; and the Beach 
Bar. "These great additions are just the beginning of our efforts to 
repopulate the oceanfront with exciting new dining and retail 
offerings," said Mr. Mottola. 

Landscaping and Pavilion Improvements 

Experience Asbury has already made significant improvements to the 
landscaping and physical appearance of the Asbury Park oceanfront 
area. A park-like setting has been created with green spaces now 
filling the areas between the pavilions. Flowers and additional 
seating are also featured. 

In front of the Paramount Theatre, a plaza has been created with 
custom brick-work and ample seating where live music will be 
performed throughout the summer. A portion of the Casino Building has 
also now been opened to allow for passageway on the boardwalk. A 
beatification program has been implemented for the pavilions and 
several surrounding buildings. 

"The improvements are a fundamental part of making Asbury Park a 
special destination," said Mr. Mottola. "They signify our commitment 
to Asbury Park and are just a preview of the exciting changes now 
afoot." 




 
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