Oak - I'm having a hard time following/relating to your train of thought.
Could you narrow it down to Who owns What ?
You are in the real estate business.. right?
Could you kindly look up the property ownership
of various parcels in the Waterfront Redevelopment Area (WRA)?
For example who owns the North Beach development and how many units are
there... who owns Wesley Grove and how many units are there... etc.
I'd like to get a database together that anyone can look at and see who owns
what and how much.
iStar is only a part of the puzzle
Werner
--- In AsburyPark@yahoogroups.com, "oakdorf" <oakdorf@...> wrote:
>
>
> ok.
>
> So about 246 homes were built / rights to 3,000 +/-.
>
> That is worth something - even $30k per unit is $90m. Maybe not today -but
> someday.
>
> And who knows if the "sale" of those rights reverted back to the master
> developer when not exercised in "x" years or with payment not made in "x"
> time. I thought in the past Paramount gave it up - but then, I heard they
> didn't.
>
> when it goes back to arbitration, they will both litigate hard.
>
> I find, and always have, the system is like a coin toss. You can go to trial
> and spends hundreds of thousands, or agree to terms that you can both live
> with and save hundreds of thousands that can be put to better use. Maybe a
> rec center.
>
> Because in the end, that's all that's going to happen. You're going to
> settle. If not, most of us who post here will be dead.
>
> You can't build unless who have someone with money that's wants to build and
> pays the owner of the land for that right to build.
>
> I work with a number of landowners/property owners that simply own too much
> land or buildings. Some can afford to leave it vacant. Others like to spend
> alot of money "developing" on paper. What if.. what if...and you wind up with
> lots of pretty pictures from architects and planners and no building.
>
> The avg joe like us, wouldn't think twice about losing a dime on an
> investment or can afford to come up with a better idea or design.
>
> From my perspective, The "new" section of pier village - at least they
> landscaped around the road on buildings. Wesley grove was blown by trying to
> keep cookman and lake ave as it is. So you wound up with a wall between two
> roads.
>
> With all those creative people in town, someone should take a paintbrush and
> come up with a better paint scheme. It would go along way.
>
> Now back to Joomla! (asburyboardwalk.com will be updated...)
>
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