Asbury Condos Will be Up in Time for Crash
As much as I would like to see Asbury become livable, I can't help but think it is jinxed, and that the latest efforts to rebuild the waterfront are too late. I'm guessing that a lot of people buying condos in Asbury are speculators and will head for the nearest exit when it becomes more clear to them that we are now on the downside of the nationwide housing boom.
Snip...
["For 30 years, we had a lot of apathy about Asbury Park," Sanders said. "But we decided to keep our nose to the grindstone and just keep going with one vision. This is it."
The to-be-constructed condos — in buildings with names like Barcelona, Monterrey and Seville — are selling for around $600,000 up to $2 million for a luxury penthouse. Lower priced units, at around $400,000, have already sold, said Peter Engle, a spokesman for Paramount. Engle declined to cite the total cost of the construction.
The developer sold 80 percent of the 157 units in the eight-story Barcelona, four-story Seville and eight-story Monterrey buildings in 55 business days. Those prices started in the mid-$400,000s and go to more than $1 million.]
Full article...
Snip...
["For 30 years, we had a lot of apathy about Asbury Park," Sanders said. "But we decided to keep our nose to the grindstone and just keep going with one vision. This is it."
The to-be-constructed condos — in buildings with names like Barcelona, Monterrey and Seville — are selling for around $600,000 up to $2 million for a luxury penthouse. Lower priced units, at around $400,000, have already sold, said Peter Engle, a spokesman for Paramount. Engle declined to cite the total cost of the construction.
The developer sold 80 percent of the 157 units in the eight-story Barcelona, four-story Seville and eight-story Monterrey buildings in 55 business days. Those prices started in the mid-$400,000s and go to more than $1 million.]
Full article...
posted by Little_Silvered at 11:47 AM
2 Comments:
Ahhhh Asbury Park. Newark-on-the-Sea.
Does that half-built hi-rise skeleton from 1988 still sit there in its concrete and rust stained glory? If it does, I wonder how the new condo peeps reconcile the two.
"I can't help but think it is jinxed, and that the latest efforts to rebuild the waterfront are too late."
Yeah, it won't be long until something or someone queers the deal. Heh.
Post a Comment
<< Home