Maybe the seasonable buyers thought more about the investment then the reality.
I don't
really know much about the way condos work, but is it possible some people
wanted to
use their investment like a timeshare?
Based on statement 2, does it also stand true that the failure of ESP won't
really effect the
overall redevelopment? The one scenerio where it does effect our future is
having another
C-8 to look at, which is currently the case. All appearences give the
impression that Metro
has cut and run. Despite all the bravado of the recent special meeting about
ESP, and the
72 hour thing, here we are a week later and nothing has happened, except Metro
closing
up shop more and more. I'm wondering when we'll see the signage removed from
the
pavilion. That'll be a real slap in the face when that happens. Tease us with
something
potentially great, then give up on it. On the other hand, maybe the failure of
ESP would be
a good thing. To me, if it was completed, it would head AP in a direction of
becoming an
architectural nightmare. ESP has absolutely no correlation to the look and
history of AP. It
would've stuck out like a sore thumb. Next thing you know, you'd need a bunch
of other
sore thumbs built around it to make it look at home.
Finally, here we are at the end of the year. We've had a murder and a shooting
in the past
week. Enough said.
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> ...re-read this PR from the Urban Land Institute meeting in 2006:..
>
> 1) On wesley:... "....commenting that a large percentage of buyers to
> date have been seasonal, rather than year-round buyers...."
> ? Where'd they go?
>
> 2) Each speaker recognized that the success of the city's
> redevelopment was not based on the consummation of a single project,
> but rather the successful interaction of retail, residential,
> hospitality and entertainment uses.
>
>
>
> Home News Press 13
>
> Developers Share Insight
>
> At ULI-NNJ's Asbury Park: Looking Forward Program
>
>
>
> Asbury Park, NJ, August 7, 2006 - The Northern New Jersey District
> Council of the Urban Land Institute (ULI-NNJ) recently held its latest
> urban revitalization series event entitled "Asbury Park: Looking
> Forward." The conference reviewed the efforts, troubles and triumphs
> leading to the current redevelopment of Asbury Park. Approximately
> 100 real estate professionals and members of the Asbury Park community
> attended the July 13th program, which was held at the
> Berkeley-Carteret Hotel in Asbury Park, New Jersey.
>
> Moderated by James Aaron of Ansell Zaro Grimm & Aaron, several
> developers actively involved in the redevelopment of Asbury Park
> discussed their projects and the renewal initiative as a whole. Larry
> Fishman of Asbury Partners discussed the overall redevelopment of the
> 260-acre waterfront and the benefits the project holds for all of
> Asbury Park.
>
> Jeff Freireich of Westminster Communities discussed Wesley Grove, a
> residential community of approximately 750 townhomes, flats and
> duplexes. Freireich discussed the pricing and pacing of sales for the
> property and addressed questions regarding the buyer
> profilecommenting that a large percentage of buyers to date have been
> seasonal, rather than year-round buyers.
>
> Gary Mottola of Madison Marquette discussed the Oceanfront Retail and
> Entertainment Complex, which will include the boardwalk redevelopment,
> a lakeside retail promenade and a major new hotel. Mottola
> articulated the unique nature of the retail component of Madison
> Marquette's project and that, due to Asbury Park's shore location, it
> cannot be approached as a generic retail venue. Each speaker
> recognized that the success of the city's redevelopment was not based
> on the consummation of a single project, but rather the successful
> interaction of retail, residential, hospitality and entertainment uses.
>
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