fyi on the skills question:
about a year ago I started a linkedin.com group titled "Asbury Park".
About 58 people have joined so far.
http://tinyurl.com/4dfsjod
The idea was to know who has what skills that may be used as a local resource.
Local businesses may call on, the schools etc.
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Our dear neighbor and friend Betty Fromowitz passed away on Monday. Ms. Betty
as her neighbors knew her, lived in Asbury Park for over 50 years and as you
will see by her memorial below, a highly active member in our community. She
will be missed by many and prayers to her family during this dif
It seems to be at least part of the objective of taking iStar to court was to
get their attention, and get them moving. the city claimed there were
developers ready, willing and able to move forward right now...that those
developers approached the city directly. perhaps, this action will get iS
--- In AsburyPark@yahoogroups.com, "wernerapnj" wrote:
>
>
>
> --- In AsburyPark@yahoogroups.com, "Vinnie" wrote:
> >
> > I would love to get involved - open to ideas.
> >
> > What exactly is the purpose of arbitration - does it boil down to an
> > arbiter deciding whether Asbury Partners
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 th
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.
--- In AsburyPark@yahoogroups.com, "wernerapnj" wrote:
>
>
> What is your skill set? Professional, personal, hobby interests? A
> comprehensive discussion of Redevelopment needs all sorts of input and fact
> finding.
>
> We need 'fresh eyes' on all this.
>
> Werner
>
It was unlikely the co
I am in the business world, but I'm more involved with financial services for
private wealth clients
My uncle though, has been a developer for over 30yrs, so I could shoot him an
email and provide him with the information we have here and get his feedback,
he's been retired a few years but I'm
--- In AsburyPark@yahoogroups.com, "Vinnie" wrote:
>
> I would love to get involved - open to ideas.
>
> What exactly is the purpose of arbitration - does it boil down to an arbiter
> deciding whether Asbury Partners is in default? Are we at a point where we
> potentially wait 6 months for
--- In AsburyPark@yahoogroups.com, "oakdorf" wrote:
>
> 1. The "original" plan/sketch for "wesley grove" looks nothing like what was
> built. A cheap version. And not to offend anyone that is happy that they made
> it a home. Some got in high and are happy and some got in "low" and are happy.
--- In AsburyPark@yahoogroups.com, cbrianwatkins@... wrote:
>
> I don't view from the side of the developer, I look at things objectively
> from both sides, that's the logical way
>
> In fact, I'm on board with 99% of YOUR views
>
Woo-Hoo good to know
As I recall you are involved in
I don't view from the side of the developer, I look at things objectively from
both sides, that's the logical way
In fact, I'm on board with 99% of YOUR views
Sent from my Verizon Wireless BlackBerry
-Original Message-
From: "wernerapnj"
Sender: AsburyPark@yahoogroups.com
Date: Tue, 0
--- In AsburyPark@yahoogroups.com, "oakdorf" wrote:
>
> >
> > Show me a developer where their primary purpose is NOT profits
>
> every govt project.
>
Redevelopment IS a government project...
Werner
Yahoo! Groups Links
<*> To visit your group on
--- In AsburyPark@yahoogroups.com, cbrianwatkins@... wrote:
>
> Actually you said..
> "Certainly there needs to be a 'profit' motive to interest developers but
> that is not the primary purpose"
>
> For a developer it in fact the primary purpose
>
> Show me a developer where their primary
--- In AsburyPark@yahoogroups.com, "oakdorf" wrote:
>
> That's my point. IStar owns the redevelopment rights to build 3,000 units
> plus retail.
>
> Those rights, I think, are worth at least $70m. Then they onw the land.
>
Just a few corrections.. iStar does not own the rights to 3000+ unit
>
> Show me a developer where their primary purpose is NOT profits
>
>
every govt project.
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/AsburyPark/
<*> Your email settings:
Individual Email | Tr
Actually you said..
"Certainly there needs to be a 'profit' motive to interest developers but that
is not the primary purpose"
For a developer it in fact the primary purpose
Show me a developer where their primary purpose is NOT profits
Sent from my Verizon Wireless BlackBerry
-Origin
1. The "original" plan/sketch for "wesley grove" looks nothing like what was
built. A cheap version. And not to offend anyone that is happy that they made
it a home. Some got in high and are happy and some got in "low" and are happy.
Personally I think and have always said it's one of the uglies
--- In AsburyPark@yahoogroups.com, cbrianwatkins@... wrote:
>
> Redevelopment from a city/town perspective does not have a profit motive
>
> But from a developer/builder perspective it is 100% a profit motive
>
> Companies just don't build to benefit communtities and its citizens, that is
>
Redevelopment from a city/town perspective does not have a profit motive
But from a developer/builder perspective it is 100% a profit motive
Companies just don't build to benefit communtities and its citizens, that is
just crazy talk, if they did, they wouldn't have money to operate
That may
--- In AsburyPark@yahoogroups.com, "oakdorf" wrote:
>
> And how can you pick on IStar?
> Now bumped over $10 per share.
> That $1,000 investment now $9200. Only if
>
> They are getting about $3 BILLION in refinancing/financing from gvt saved JP
> Morgan.
>
> So you will say that has noth
--- In AsburyPark@yahoogroups.com, "oakdorf" wrote:.
>
> And werner, you can have all the advisors you want. All the experts. Look at
> wesley grove as an example.
>
Oak, I am intrigued, please explain what you mean by that comment.. an example
of what?
Werner
--
At least the judge made a quick decision - he read the contract. Arbitration.
Like I said, could of had a couple beers and a burger and read the contract.
I always tell people, contracts are worthless because anyone can bring anyone
to court regardless.
You can sign a lease for $10,000 per mon
> Now is the time for ALL concerned residents and stake holders to take this
> seriously and create a vision for the future of Asbury Park that will succeed
> in benefiting the entire City and greater region. Politics and municipal
> government are clearly not up to the task.
>
> Werner
>
--- In AsburyPark@yahoogroups.com, asburysteve@... wrote:
>
> _City loses bid to cut ties with redeveloper | The Asbury Park Press |
> APP.com_ (http://www.app.com/apps/pbcs.dll/article?AID=2011102280337)
>
-
"..."Although this court appr
_City loses bid to cut ties with redeveloper | The Asbury Park Press |
APP.com_ (http://www.app.com/apps/pbcs.dll/article?AID=2011102280337)
Steve Herman, Asbury Tower, 1701 Ocean Ave
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