City wants a list of needs by today
For Asbury Park businesses
BY NANCY SHIELDS COASTAL MONMOUTH BUREAU JANUARY 17, 2008
ASBURY PARK City officials want Madison Marquette, the lead partner of
Madison Asbury
Retail, to give them a list of what needs to be done and when by the end of
today for the
new year-round stores, restaurants and nightclubs planned to open on the
waterfront by
summer.
City Manager Terence Reidy said city officials met Tuesday with the boardwalk
developer, a
day after Gary Mottola, president of Madison Marquette Investments, held a
press
conference detailing the new tenants, such as entertainer Tim McLoone, coming
to the
boardwalk pavilions.
"We're excited about the summer of '08 and the conceptual plans they showed
us," Reidy
said.
But officials now want plans they actually can respond to, he said, adding that
"at least
we'll know where they are."
Donald Sammet, the city's director of redevelopment, asked John Lanham, senior
vice
president of development for Madison Marquette, to get the requested
information to the
city by the close of business today.
Michael Walker, Madison Marquette's creative director on the Asbury Park
beachfront
project, said Wednesday that the information the city is seeking was being
compiled.
"We realize we've created a small hardship for everyone by speeding things up,
but we
have every faith that we and the city will be able to accomplish what everyone
is looking
for," Walker said.
Reidy said the City Council's waterfront subcommittee Deputy Mayor Jimmy
Bruno and
Councilman Ed Johnson will meet with city staff Friday morning to review
whatever
submissions come in.
Mottola has told the city he wants to be building on the boardwalk as of
February, the city
manager said.
Madison Marquette and Asbury Partners, the city's master developer, formed a
joint
venture last year to develop the boardwalk buildings.
Some of the plans include second-floor nightclubs and restaurants and a new
cabana club
on the site of the former Second Avenue Pavilion.
The city has a schedule of time lines with Asbury Partners that was negotiated
before
Madison Marquette became the lead partner in the joint venture.
"Part of going forward is for the city to do the financial due diligence of the
Madison
Asbury Retail LLC, enter a subdeveloper agreement, and put all this into a
binding
agreement," Reidy said.
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