[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread Skip Bernstein
Council's problem re The Fishman, remains that of spurned lover;
having been courted seduced and bedded by Larry, council simply is
unwilling to surrender all hope that things still might turn out well.  

What the city needs is a brand new suitor, one capable of rekindling
those glorious moments of what might have been; fortunately I have a
wooer, eager to take council to even greater heights of excitement and
ecstasy.  

All council need to do, to explore this opportunity, is signal its
readiness to re-enter and play the game.  Arranging this coupling
requires but a few simple basic steps; council must declare its
readiness to dance, once again, by putting The `scoundrel' Fishman in
default, cease rubber stamping Larry's list of candidates for eminent
domain and announce itself open to bids on the triangle, sewer plant
and various other parcels not yet seized by The Fish; these steps
would immediately realize offers of $10 million for the triangle,
roughly the same (per unit price) for the sewer plant and additional
sites in the waterfront redevelopment area.  

Downside, Larry would be really pissed off and pout; upside, Larry
would be really pissed off and pout, Asbury would collect a slug of
dough and the NY Times could write an article about, and visitors
would see, actual development.





 
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[AsburyPark] [AP Daily Dose] Homeowners Plan House Tour

2006-03-22 Thread asburyparkdotcom
Title: [AP Daily Dose] Homeowners Plan House
Tour






Homeowners Plan House Tour

Posted: Wednesday, March 22nd, 2006

The 
Asbury Park Homeowner's Association is busy planning the 11th
Annual Vintage Home Tour. The tour, which usually features about a
dozen homes in the city, will be held on Sunday April 30th from 11am
to 4pm. There are still a few slots open if you'd like to have your
home featured on the tour. We hope our favorite category of a
home under renovation will be on the tour this year. If
you'd like to be involved, call Rich Gore at 732-774-5984. Watch the
 EVENTS category for
ticket availability. 



For more Asbury Park news, and events, shopping, dining and
community guides, visit the new AsburyPark.com





  
  
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread bluebishop82
--- In AsburyPark@yahoogroups.com, Skip Bernstein [EMAIL PROTECTED] wrote:

 these steps
 would immediately realize offers of $10 million for the triangle,

Don't believe the hype.





 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread oakdorf
the triangle is worth no where near $10m. 4.5 acres were just sold in 
Long Branch (2 blocks in) with 8o units for $10m.

It does have a vlaue, to the right developer. It all depends what they 
can build, and what the potential return would be.





 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread oakdorf

 Don't believe the hype.

Then there's a beach club with an offer standing for $10m (with land 
and beach), another one with less land, but location that rumor has it 
has sold for around $6m plus.  (all local).

The biggest mistake AP, the state, and the the county made was not 
making the entire beach a county or federal park. 

They still can make the beach and bw one - and the green acres.

What would this do? Take control of the beaches, a money losing 
operation in AP and turn it over. What will happen - people will come. 
Of course, many locals don't want people to invade the beaches  - as 
it will ruin the club atomsphere.

With people, the biz on bw and even those downtown would have a better 
shot at survival until the day Dick and Jane move in one of those 
beachfront units.











 
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[AsburyPark] KUSHNER COMPANIES ACQUIRES THREE CITY BLOCKS IN ASBURY PARK, N.J.

2006-03-22 Thread oakdorf
KUSHNER COMPANIES ACQUIRES THREE CITY BLOCKS IN ASBURY PARK, N.J.
Based Upon Strong Demand for Phase I, Company Moves Forward With 
Phase 
II
of Wesley Grove 

ASBURY PARK, N.J., March 21, 2006 - Kushner Companies has closed 
title 
to
three city blocks in Asbury Park, N.J., for development of Phase II of
Wesley Grove at Asbury Park, a luxury residential development now 
under
construction along the famed Wesley Lake at the southern edge of the 
city,
announced Jeffrey Freireich, managing director. This acquisition 
clears 
the
way for the private developer to move through the City's Technical 
Review
Committee approval process on its proposal to build an additional 300
condominiums and duplexes. Financing was supplied by Valley National 
Bank,
which also supplied the Phase I financing. 

Kushner Companies purchased the land, which includes three distinct 
Blocks,
131, 142 and 143, that form the triangle between Cookman, Asbury and 
Heck
Avenues. Kushner Companies purchased the parcels from Asbury Partners,
master developer of Oceanfront Asbury, the 56-acre, mixed-use master
planned waterfront redevelopment now underway in Asbury Park.

We have financed both phases of this project and are thrilled with 
the
success, noted Christopher J. Coiley, senior vice president at Valley
National Bank. We feel very positive about our involvement in the
redevelopment of this historic area.

We are very excited about the purchase, which was completed the 
first 
week
of March, noted Freireich. Our development arm, Westminster 
Communities,
is well along on construction of Phase I of Wesley Grove. The new 
community
has generated exciting demand from buyers. In fact, we are 
approaching 
a 50
percent sellout, and based on the response, we are looking forward to
moving as quickly as possible to begin Phase II. 

The first portion of Phase I of Wesley Grove, known as The St. James, 
is
scheduled for completion by early fall 2006. Approximately 50 percent 
of
the 91 townhome and condominium units are already sold. The balance 
of 
the
146 residential units in Phase I should see construction commenced 
shortly. 






 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread Fred
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote:

 
Plus you must use August 2001 apraisals and anyone who knew Asbury Park 
back then and before know it's not with the millions they say. Probaly 
more like $600,000 if that.

the triangle is worth no where near $10m. 4.5 acres were just sold in 
 Long Branch (2 blocks in) with 8o units for $10m.
 
 It does have a vlaue, to the right developer. It all depends what 
they 
 can build, and what the potential return would be.








 
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[AsburyPark] approved lots for sale Dewitt Ave

2006-03-22 Thread oakdorf
We have a lot on Dewitt Ave approved for 3 Townhomes. Any one 
interested, call.






 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote:

 the triangle is worth no where near $10m. 4.5 acres were just sold in 
 Long Branch (2 blocks in) with 8o units for $10m.
 
 It does have a vlaue, to the right developer. It all depends what 
they 
 can build, and what the potential return would be.

We're talkng about today not 2001 right? Don't forget there are not 
streets since they are vacated and ENLARGE the parcel to more than 
twice its size. It is now adjacent to the beach with no intersecting 
street (Ocean Ave vacated). You can build about 93-95 units in a mix of 
3-, 6- and 8-story buildings. The 3-stories are townhouses butting up 
tot he beach. Now tell me what its worth.






 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:
 Plus you must use August 2001 apraisals and anyone who knew Asbury 
Park 
 back then and before know it's not with the millions they say. 
Probaly 
 more like $600,000 if that.
 

Another short sighted person. Why do you who have been here so long 
think so lowly of your city and it is outsiders who see the real value. 
Perhaps you work with Moliver. Property in AP had less value if the 
litigation holding the entire waterfront in limbo still exists. That is 
the question. Fshman ddn't bring project enhancement (what project for 
god dakes?) but the end of litigation. Are you so short sighted to 
think that if there were no litigation holding up development rights 
that things would have been the way they were?







 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread Skip Bernstein
the triangle is worth no where near $10m. 4.5 acres were just sold in
Long Branch (2 blocks in) with 8o units for $10m.  It does have a
value, to the right developer. It all depends what they can build, and
what the potential return would be.

Really? Long Branch 2 blocks from the ocean $125K/unit; Asbury
fronting on the ocean and Deal Lake $75K/unit; who's foolin' who?






 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread oakdorf
what's the total acerage of land that the new triangle would consist 
of?

The sale in LB can be looked 2 ways. One, the value of the sale for 
conversion into condos - more like $16m. The value of the raw land, 
that another potential suitor looked to knock down and build 88 
units...

How many units can be built in the proposal on the tri?






 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread bluebishop82
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote:

 Fshman ddn't bring project enhancement (what project for 
 god dakes?) 

You're killing me man! I'm dying laughing on the floor over here.  I 
can hear your voice yelling this as you're typing it.  You being smart 
is a given by now but you are entertaining too. 

That was a bright spot to a pretty tough day.





 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread apoojo
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:

 --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote:
 
  
 Plus you must use August 2001 apraisals and anyone who knew Asbury 
Park 
 back then and before know it's not with the millions they say. 
Probaly 
 more like $600,000 if that.
 
 Question to fred, why do you have to use 2001 appraisals?  I admit i 
do not know the plan as well as many, but that sounds assinine.  Any 
one else please enlighten me of this, is it correct? I truly hope not, 
if so which idiot made it so.







 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread oakdorf
--- In AsburyPark@yahoogroups.com, bluebishop82 [EMAIL PROTECTED] 
wrote:

 --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
 
  Fshman ddn't bring project enhancement (what project for 
  god dakes?) 
 
Fish is continuing a project.

People also have purchased in AP because there was simply no place else 
to go, that was affordable. 

Some people simply bought into their own fantasy, not the fish's.








 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread wernerapnj
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote:
... Don't forget there are not 
 streets since they are vacated and ENLARGE the parcel to more than 
 twice its size. It is now adjacent to the beach with no intersecting 
 street (Ocean Ave vacated). You can build about 93-95 units in a mix 
of 
 3-, 6- and 8-story buildings. The 3-stories are townhouses butting up 
 tot he beach. Now tell me what its worth.


Dan, Check your facts on this. As I recall the Plan is to have only 1/2 
of Ocean Ave vacated leaving a roadway for access to the town houses to 
be built to the east of the Asbury Tower.

Werner






 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, apoojo [EMAIL PROTECTED] wrote:

 --- In AsburyPark@yahoogroups.com, Fred asburydogma@ wrote:
 
  --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote:
  
   
  Plus you must use August 2001 apraisals and anyone who knew 
Asbury 
 Park 
  back then and before know it's not with the millions they say. 
 Probaly 
  more like $600,000 if that.
  
  Question to fred, why do you have to use 2001 appraisals?  I 
admit i 
 do not know the plan as well as many, but that sounds assinine.  
Any 
 one else please enlighten me of this, is it correct? I truly hope 
not, 
 if so which idiot made it so.
 

I assume Fred is talking about the Triangle. The sales agreement for 
that parcel provides for this. In other words, the city agreed that 
even though they were not going to get the money for a while (they 
still haven't), the valuations were to be as of August 2001. BTW, 
which is also the point that the viel of litigation was lifted. You 
will hear some talk that this same date has to be used for the 
appraisal of properties to be condemned. That is bs. The law in all 
50 states requires the valuation to be as of the date of title 
vesting. However, the law also requires that no increase/decrease in 
value from the purpose for which the property is be taken be 
attributable to the property itself. In other words, value the 
property as if the project didn't and never existed. Easier said 
than done. Some try to pin the value to a specific point in time 
when they surmise the project started to affect values. It still 
does not change the fact that the property must be valued as of the 
date of the taking (vesting of title).








 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, wernerapnj [EMAIL PROTECTED] 
wrote:

 --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
 ... Don't forget there are not 
  streets since they are vacated and ENLARGE the parcel to more 
than 
  twice its size. It is now adjacent to the beach with no 
intersecting 
  street (Ocean Ave vacated). You can build about 93-95 units in a 
mix 
 of 
  3-, 6- and 8-story buildings. The 3-stories are townhouses 
butting up 
  tot he beach. Now tell me what its worth.
 
 
 Dan, Check your facts on this. As I recall the Plan is to have 
only 1/2 
 of Ocean Ave vacated leaving a roadway for access to the town 
houses to 
 be built to the east of the Asbury Tower.
 
 Werner

yes, there is an access road shown but it is west of the townhouses. 
the townhouses butt up to the beach. An its like a private road 
anyway, not ROute 35.








 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread Fred
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote:

 --- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@ 
 wrote:
 
  
Isn't it east of the triangle. I don't believe the Town Houses have 
anything to do with the Triangle.





--- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
  ... Don't forget there are not 
   streets since they are vacated and ENLARGE the parcel to more 
 than 
   twice its size. It is now adjacent to the beach with no 
 intersecting 
   street (Ocean Ave vacated). You can build about 93-95 units in 
a 
 mix 
  of 
   3-, 6- and 8-story buildings. The 3-stories are townhouses 
 butting up 
   tot he beach. Now tell me what its worth.
  
  
  Dan, Check your facts on this. As I recall the Plan is to have 
 only 1/2 
  of Ocean Ave vacated leaving a roadway for access to the town 
 houses to 
  be built to the east of the Asbury Tower.
  
  Werner
 
 yes, there is an access road shown but it is west of the 
townhouses. 
 the townhouses butt up to the beach. An its like a private road 
 anyway, not ROute 35.







 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread Fred
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote:

 --- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@ 
 wrote:
 
  --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
  

I can't believe they can put more than one building on the triangle. 
It's small plus no parking. 


... Don't forget there are not 
   streets since they are vacated and ENLARGE the parcel to more 
 than 
   twice its size. It is now adjacent to the beach with no 
 intersecting 
   street (Ocean Ave vacated). You can build about 93-95 units in 
a 
 mix 
  of 
   3-, 6- and 8-story buildings. The 3-stories are townhouses 
 butting up 
   tot he beach. Now tell me what its worth.
  
  
  Dan, Check your facts on this. As I recall the Plan is to have 
 only 1/2 
  of Ocean Ave vacated leaving a roadway for access to the town 
 houses to 
  be built to the east of the Asbury Tower.
  
  Werner
 
 yes, there is an access road shown but it is west of the 
townhouses. 
 the townhouses butt up to the beach. An its like a private road 
 anyway, not ROute 35.








 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:

 --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
 
  --- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@ 
  wrote:
  
   
 Isn't it east of the triangle. I don't believe the Town Houses 
have 
 anything to do with the Triangle.
 
 
 wrong

 
 
 --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
   ... Don't forget there are not 
streets since they are vacated and ENLARGE the parcel to 
more 
  than 
twice its size. It is now adjacent to the beach with no 
  intersecting 
street (Ocean Ave vacated). You can build about 93-95 units 
in 
 a 
  mix 
   of 
3-, 6- and 8-story buildings. The 3-stories are townhouses 
  butting up 
tot he beach. Now tell me what its worth.
   
   
   Dan, Check your facts on this. As I recall the Plan is to have 
  only 1/2 
   of Ocean Ave vacated leaving a roadway for access to the town 
  houses to 
   be built to the east of the Asbury Tower.
   
   Werner
  
  yes, there is an access road shown but it is west of the 
 townhouses. 
  the townhouses butt up to the beach. An its like a private road 
  anyway, not ROute 35.
 







 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread Fred
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote:


I guess we need Tommy or Werner on this. 



 --- In AsburyPark@yahoogroups.com, Fred asburydogma@ wrote:
 
  --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
  
   --- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@ 
   wrote:
   

  Isn't it east of the triangle. I don't believe the Town Houses 
 have 
  anything to do with the Triangle.
  
  
  wrong
 
  
  
  --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
... Don't forget there are not 
 streets since they are vacated and ENLARGE the parcel to 
 more 
   than 
 twice its size. It is now adjacent to the beach with no 
   intersecting 
 street (Ocean Ave vacated). You can build about 93-95 units 
 in 
  a 
   mix 
of 
 3-, 6- and 8-story buildings. The 3-stories are townhouses 
   butting up 
 tot he beach. Now tell me what its worth.


Dan, Check your facts on this. As I recall the Plan is to 
have 
   only 1/2 
of Ocean Ave vacated leaving a roadway for access to the town 
   houses to 
be built to the east of the Asbury Tower.

Werner
   
   yes, there is an access road shown but it is west of the 
  townhouses. 
   the townhouses butt up to the beach. An its like a private road 
   anyway, not ROute 35.
  
 







 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread oakdorf
--- In AsburyPark@yahoogroups.com, Skip Bernstein [EMAIL PROTECTED] wrote:

 How many units can be built in the proposal on the tri? 
 
how about building NOTHING and letting the ocean blow through...

of course this would nothing for the city coffers nor the partners.





 
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[AsburyPark] $10million

2006-03-22 Thread oakdorf
the problem with selling the trianlge for $10m is that once that money 
came in, it would disappear like every other $ that has come in to 
town.

When was the last time any one here took a drive down ridge or the 
rest of the west side?






 
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[AsburyPark] Re: 2nd Ave Property - Eminent Domain

2006-03-22 Thread Skip Bernstein
how about building NOTHING and letting the ocean blow through... of
course this would nothing for the city coffers nor the partners.

Certainly an option; however, council has chosen to sell and the deal
they've struck appears to be the worst of all worlds.  

Fish pays nothing, he flips to some half-assed developer, who builds
god knows what, the wind no longer blows through, and Larry's coffers
score another $10million.  

I would sooner see the city have use of that sort of money.







 
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[AsburyPark] Re: $10million

2006-03-22 Thread Fred
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote:


The Westside is alot better than 5 years ago, I agree it could be alot 
better and I think it will. The City still doesn't have any money and 
it won't until 6, 7 hundred new units are built, remember they will 
always have that 5 million dollars budget crunch until then.




 the problem with selling the trianlge for $10m is that once that money 
 came in, it would disappear like every other $ that has come in to 
 town.
 
 When was the last time any one here took a drive down ridge or the 
 rest of the west side?








 
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[AsburyPark] Re: $10million

2006-03-22 Thread jerseyjohn99
The difference being there is nothing left to sell.

--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:

 The City still doesn't have any money and 
 it won't until 6, 7 hundred new units are built, remember they will 
 always have that 5 million dollars budget crunch until then.
 
 
 






 
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[AsburyPark] Re: $10million

2006-03-22 Thread Fred
--- In AsburyPark@yahoogroups.com, jerseyjohn99 [EMAIL PROTECTED] 
wrote:

 

What about Springwood Ave?? Let's see who comes to the plate to re-
develope that. 





The difference being there is nothing left to sell.
 
 --- In AsburyPark@yahoogroups.com, Fred asburydogma@ wrote:
 
  The City still doesn't have any money and 
  it won't until 6, 7 hundred new units are built, remember they will 
  always have that 5 million dollars budget crunch until then.
  
  
 







 
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[AsburyPark] Re: $10million

2006-03-22 Thread dfsavgny
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:

 --- In AsburyPark@yahoogroups.com, jerseyjohn99 jerseyjohn99@ 
 wrote:
 
  
 
 What about Springwood Ave?? Let's see who comes to the plate to re-
 develope that. 
 
Put it out to competitive bidding. Ask for rfps like mature adults 
do. Forget about backroom deals and slock appraisals. The council 
wants to play in the big league, then let them start acting like 
they are not standing around the school yard anymore. 
 
 
 
 The difference being there is nothing left to sell.
  
  --- In AsburyPark@yahoogroups.com, Fred asburydogma@ wrote:
  
   The City still doesn't have any money and 
   it won't until 6, 7 hundred new units are built, remember they 
will 
   always have that 5 million dollars budget crunch until then.
   
   
  
 







 
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