ULI hears the trials and tribulations of Asbury Park renaissance.The Northern New Jersey District Council of the Urban Land Institute (ULI-NNJ) recently held its latest urban revitalization re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. series event entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: 'Asbury Park: Looking Forward.' The conference reviewed the efforts, troubles and triumphs leading to the current redevelopment of Asbury Park Asbury Park, city (1990 pop. 16,799), Monmouth co., E N.J. An Atlantic resort noted for its beach, boardwalk, and convention hall, it has declined since the 1960s. The burning liner Morro Castle grounded off the beach here in Sept. . 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 Asbury Park is a city in Monmouth County, New Jersey, United States, on the Jersey Shore. As of the United States 2000 Census, the city population was 16,930. Asbury Park was originally incorporated as a borough by an Act of the New Jersey Legislature on March 26, 1874, from . 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 profile percentage of buyers to date have been seasonal, rather than year-round buyers. Gary Mottola of Madison Marquette discussed the Oceanfront o·cean·front n. Land bordering an ocean: Condominiums crowd the oceanfront. Noun 1. oceanfront - land bordering an ocean 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 CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of a single project, but rather the successful interaction of retail, residential, hospitality and entertainment uses. The program also featured Kevin Broderick of the New Jersey Department of Environmental Protection The New Jersey Department of Environmental Protection (NJDEP) is a government agency in the U.S. state of New Jersey that is responsible for managing the state's natural resources and addressing issues related to pollution. NJDEP now has a staff of approximately 3,400. who discussed the "Sector-Wide" Waterfront Development permit process, which was utilized to accelerate the approvals for the Asbury Park redevelopment area. The event concluded with a lively audience Q&A session, including questions on additional investment potential in Asbury Park. The program was sponsored by ENVIRON Holdings and included a free copy of the book Asbury Park's Glory Days: The Story of an American Resort. The book's author, Helen-Chantal Pike, was on hand to sign each complimentary copy. Commented ULI-NNJ Chair Richard Johnson Richard Johnson may refer to:
ULI-the Urban Land Institute is a nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. education and research institute that is supported and directed by its members. Its mission is to provide respon-sible leadership in the use of land in order to enhance our total environment. |
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