ASBURY PARK, NJ—If development plans announced recently by iStar move forward, Asbury Park, NJ is finally looking at a major redevelopment of its long-neglected beachfront.
iStar, a real-estate investment company with Asbury Park roots, announced plans for more than 20 individual projects in the faded seaside resort that would transform a 1.25-mile stretch of Asbury Park waterfront with carefully curated residential, hotel, and infrastructure projects.
“We believe in Asbury Park's potential as a one-of-a-kind place to live, work, visit, and invest,” says Jay Sugarman, iStar's founder and CEO. “We're excited to harness its character, beauty, and heritage to build a future full of promise. And we're eager to share it with the world.”
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