THE OFFICIAL SITE FOR ASBURY PARK REDEVELOPMENT, NEWS AND ENTERTAINMENT.
   
   
July 1 , 2004

ASBURY PARK'S NEWLY CONSTRUCTED BOARDWALK GREETS
2004 SUMMER SEASON


The much-anticipated Asbury Park boardwalk reconstruction has been virtually completed, just as summer swings into gear at the Jersey Shore. The famed, mile-long promenade is already greeting beachgoers, sightseers and city residents, as many planned entertainment events start the season.

"It looks beautiful," said Larry Fishman, chief operating officer of Asbury Partners, LLC, which orchestrated the project as part of its role as master developer for the 56-acre Oceanfront Asbury redevelopment. "This represents the first completed renovation within the waterfront's renaissance, a symbol of the progress that has begun to restore the city's stature as the Jewel of the Jersey Shore."

The boardwalk, always at the center of activity in Asbury Park, is again a focal point for beach and entertainment happenings. The city's lifeguarded beaches are open, and the boardwalk retail for 2004 includes a sports bar, a surf shop, an arcade, ice-cream parlor, and a sundries and souvenir shop, among others. Asbury Partners expects a number of stores to be open by July 4. Fishman added that 5 to 10 kiosks may be operational as well, coordinated by the Team Rutgers partnership to provide local businesses with a presence on the boardwalk.

Throughout the summer, the boardwalk will serve as a venue for weekday and weekend special events. A fun-filled Fourth of July weekend will include a parade, volleyball tournament, live music and fireworks co-sponsored by Asbury Partners, and two Oceanfront Asbury sub-developers, Westminster Communities and Paramount Homes.

On August 20, a three-day "Guitarbeque(tm)" will feature live performances and a national sanctioned barbeque contest on the boardwalk. At the same time, the East Coast Musician's Expo will be held at Convention Hall.
"These events provide just a sampling of what is planned for the coming months," Fishman said. "Last year's beach revenues were the highest in 10 years, and we are so pleased to introduce the brand-new Asbury Park boardwalk this summer as anticipated, to serve as a symbol of the historical turnaround that is now being experienced all over this city."
Fishman credited the contractors involved in the demolition and reconstruction work for their accomplishments. S&W General Contracting, Inc. of Cherry Hill, New Jersey, and Asbury Park, served as general contractor for the demolition, and Vaccaro Enterprises LLC, also based in Asbury Park, was project manager for that component. Simpson & Brown of Cranford, New Jersey, served as the general contractor for reconstruction of the boardwalk.

Reconstruction Involves City Residents and Businesses

Complimenting Oceanfront Asbury's ongoing community outreach initiative, the boardwalk project included significant involvement of city residents through STARS (Strategic Target Area Rebuilding Spirit). A Community Development Corporation, STARS is focused on ensuring that small, minority- and women-owned business enterprises (SBE, MBE and WBE) have an opportunity to compete openly on public- and private-sector contract work.

"We are especially pleased that the project involved local businesses and residents, a reflection of Asbury Partners commitment to the city and its citizens to ensure that the benefits of redevelopment are felt throughout Asbury Park," noted Asbury Park Mayor Kevin G. Sanders.
Oceanfront Asbury's progress can be seen off the boardwalk as well. At the site of The Palace, the renowned "Tillie" clown face has been successfully preserved and removed, and the Save Tillie group is staging and removing the "Bumper Car Ladies" from the building's southern side. Following that work, demolition of the remainder of the building will continue.

The exterior demolition of the abandoned C-8 skeleton on Ocean Avenue is progressing on schedule as well. And at Wesley Lake and the North Shore, Westminster Communities and Paramount Homes are preparing to begin site work on their respective Phase I residential development projects.

Designed by project planner Clarke Caton Hintz/Ehrenkrantz Eckstut & Kuhn Architects a joint venture (CCH/EE&K), Oceanfront Asbury will include 3,500 residential units, a 450,000-square-foot retail and entertainment component, municipal services and urban empowerment initiatives. It is expected to be completed in phases over 10 years, ultimately producing more than $1.25 billion in total economic redevelopment. Asbury Partners is working closely with the City of Asbury Park in this ambitious public/private partnership.