Friday, March 17, 2006

Greetings from You Know Where

As much as I would like to see housing prices come off their recent highs at the Shore, I would also like to see Asbury retain some of its new found value so that the town doesn’t slide back into its former decrepitness. It would be nice if the boardwalk became a destination again for local Shore residents. The downtown area is actually showing signs of life, years after local businesses, like The Asbury Park Press abandoned the area for the relative rural quietness of western Neptune. USA Today did a story today about the redevelopment of Asbury Park.

ASBURY PARK, N.J. — The past and future collide in this fabled town by the seashore.

Calico-colored pavilions, unused for decades, dot the beachfront. The skeleton of a high-rise condominium tower that once promised progress hovers nearly 20 years later as a symbol of failed development. Boarded-up windows loom where life used to be.

Now there are signs of rebirth.

Asbury Park, the onetime "Jewel of the Jersey Shore" celebrated by Bruce Springsteen's debut album 33 years ago, is slowly emerging from a decades-long decline. The town is putting in high-priced condominiums where abandoned buildings once stood, sprucing up the facades of faded storefronts and rebuilding its storied boardwalk.



Anonymous Anonymous said...

I am cusrious about the number of listings in Point Pleasant Beach. Is there a site other than MLS or FSBO that I could check the data. Not much seems to be selling here. I have noticed 2 homes have been "under contract" for over 4 months, but no Sold signs to replace them.
There is still "seller denial". A few old 3br, 1 bth priced on th emarket are priced $70k+ higher than the brand new construction just a few blocks form eachother. It seems the contractors know that selling is going to be much more competitive here.

Saturday, March 18, 2006 8:04:00 AM  
Anonymous rbyzell said...

i did some business last year in asbury, and, i do love the town. from what i hear the boardwalk area will be kept commercial and, that's the key. in the dead of summer no one is going to say, "hey, let's go down to cookman in asbury." that's ridiculous. the problem is is that the real estate boom people from nyc want their little antique shops and $500 dollar dress clothing boutiques on cookman to get all of the attention. the jersey shore is it's beaches and asbury has a beautiful beach. as long as the town keeps going in the direction it's going in, making that beach front commercial, along with some of the condos, it will come back. the only problem is, the bubble is bursting, can it make it in time? - yes, if there are recreational things there for people to do. one note: if you talk to the locals who have lived there for a long time, they are very pessimistic that any good changes will come about, i hope that they're wrong.

Saturday, March 18, 2006 9:58:00 AM  
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Sunday, March 19, 2006 8:57:00 PM  

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