Has Asbury made it?

From the NY Post:

Jersey Shore’s Asbury Park returns to its glory days

Few towns along the Jersey Shore have enjoyed a more visible beachfront revival over the past few years than Asbury Park, the vibrant summer enclave about 60 miles south of New York City.

After decades of neglect, the working-class town that helped launch Bruce Springsteen’s career has been transformed from a gritty backwater in the shadow of more popular locations along the shore to a hip beach destination sporting surf, sand and more palatable real estate prices than its affluent neighbors. It’s been a popular retreat since the 19th century.

But as the town’s profile continues to rise, attracting throngs of sunbathers from New York, New Jersey and elsewhere, so too do its home prices.

After initially struggling to attract high-end development, Asbury Park is now awash in upscale projects ranging from soaring luxury condos along the beach to smaller single and multifamily projects dotting its gentrifying downtown. Two new posh hotels regularly attract jet-setting weekenders, while a cluster of thriving eateries and arts outposts are turning the seafront town into a bustling port for foodies and culture vultures.

“I like to joke that it took 30 years for Asbury Park to be an overnight success,” says Neal Sroka, a Douglas Elliman broker. “But now Asbury is ready for more upmarket product.”

Sroka and Elliman are spearheading sales at the Monroe, a stylish beachfront condominium with some of the highest prices — and most luxe amenities — in town. The recently completed project has already sold 31 of its 34 units, Sroka says.

The four-story timber and stone property, developed by iStar, includes private outdoor terraces with freestanding grills and fireplaces. Owners will also have the added amenity of using the facilities at the Asbury, a nearby boutique hotel with a rooftop bar and movie theater, swimming pool and Atlantic Ocean views.

Prices at the Monroe start in the $400,000s. But the property recently closed a sale for more than $1 million, a price tag unthinkable for a condo in Asbury just a few years ago, local brokers say. The three units remaining at Monroe include one priced at $715,000 and two listed at $899,000.

“These kinds of prices are relatively new to Asbury Park,” says Ken Rickel, a broker at Berkshire Hathaway HomeServices, who has been selling homes on the Jersey Shore for decades. He’s currently listing a waterfront three-bedroom home at 1301-1303 Locust Drive for $1.2 million with 2½ bathrooms, a gas fireplace and original beamed ceilings. “You still have many moderately priced homes for sale in Asbury, but they get snapped up pretty quickly in this market,” adds Rickel.

The influx of development and new buyers pushing prices higher in Asbury Park means home values finally exceed pre-recession levels. The median price of a home reached $301,300 in June, an 18 percent rise from the same month a year ago, according to real estate Web site Zillow. Home prices are up 25 percent since June 2015, the realtor says.

Manhattan architect Matthew Berman first landed in Asbury Park more than a decade ago when there were very few signs of revitalization. “Back then people called us pioneers, but we were just really stupid,’” he jokes.

Much of that all-seasons feel is fueled by a booming restaurant scene and thriving nightlife aimed at the town’s numerous second-home buyers, many from the LGBT community. A snapshot: Porta serves up wood-fired pizzas and has bocce courts; Asbury Festhalle & Biergarten pours brews; just-opened Reyla specializes in Mediterranean plates. On most weekends the beachfront pulsates with mostly young residents who pack the shops along the restored mile-long boardwalk.

Sroka says the reinvigorated seaside gives Asbury the atmosphere of its heyday in the 1920s and 1930s, when it was a fashionable resort.

“Over the past few years we’ve really seen Asbury come back to life,” Sroka adds. “But now the city has finally arrived.”

This entry was posted in Demographics, Economics, New Development, Shore Real Estate. Bookmark the permalink.

55 Responses to Has Asbury made it?

  1. Juice Box says:

    Just don’t cross the train tracks.

    First!

  2. Fabius Maximus says:

    Chi,

    Are your buddies ever going to start on Esperanza, or is it destined to be the “Xanadu of the Shore!”

  3. chicagofinance says:

    I appreciate your post. This part about the Dems is a specious argument. Everyone is out for themselves and at least the GOP are more honest about it. Regardless, I am no Republican.

    For what it is worth. I didn’t abandon the Democrats……they abandoned me……I think the first step was in April 1986 when I saw who was accepted to different Universities amongst my high school classmates………it was a real “education”…..and a gross injustice…..

    Fabius Maximus says:
    July 20, 2017 at 12:16 am
    The Dems for all their flaws are still fighting for the lower percentages. The GOP gave up!

  4. NJCoast says:

    Juice Box you got that right. The west side of Asbury is a gang infested, crime ridden mess. The cheerleaders pretend it doesn’t exist. I can’t forget the sight of the National Guard sharpshooters with rifles drawn at all the bridges leading out of Asbury during the riots. I don’t go near the place in the summer.

  5. 3b says:

    Fab he did not bring the economy back from the brink. He has no experience or understanding of the economy. He asked the experts what needed to be done and got behind them and it was done. To say he bought it back is an exaggeration to say the least. We are still in Iraq And Afghanistan. He made a mess of Syria and Libya. As for immigration reform what reform? . ..

    He embraced divisive identity politics. Most people don’t care who others sleep with or how they identify at least in this part of the country. Quite frankly this how straight gay whatever thing is selfish at the end of the day it’s sex. Obama also repeatedly weighed in on police shootings without the facts. And that brings me to my biggest criticism his pretending to identify with Black America. He is bi racial he should have embraced that and acted as a bridge between Black and White America.

  6. Phoenix says:

    Chi,
    Can you elaborate?
    For what it is worth. I didn’t abandon the Democrats……they abandoned me……I think the first step was in April 1986 when I saw who was accepted to different Universities amongst my high school classmates………it was a real “education”…..and a gross injustice…..

  7. The Great Pumpkin says:

    The World’s Plastic Waste Could Bury Manhattan Two Miles Deep – TIME
    https://apple.news/A63wnmN3QSZmAXPjc_3CniQ

  8. Fast Eddie says:

    He stopped the country going off an economic cliff…

    You didn’t build that!

    LMAO.

    That big-eared f.uck insulted guys like me for eight years and we still went to work and paid for his failing programs and the failures that feel entitled to them. F.uck him, he sucks.

  9. Fast Eddie says:

    Pumpkin Seed,

    Omg, don’t you have a job? You’re on here from dawn to midnight. Geezus Chr1st, get a life!

  10. Phoenix says:

    3b,
    I agree with your statement.
    He embraced divisive identity politics.
    However–
    The biggest thing that divides any group of people is money, more than race, religion, or sexual identity.

    Remember Romney-wanted to give vouchers instead of Medicare. Drew a line in the sand-divided by age who would Medicare and who would get a voucher.

    I have a friend who has an elderly aunt and mother- in their 90’s. He takes care of both. The amount of money Medicare spends on both of them is astronomical. As a senior citizen himself he cannot afford to take care of them without Medicare assistance. What would he do with a voucher? Assisted living, rehab, frequent hospital visits, medications, in home assistance. A voucher? They are doing as well as possible due to Medicare.

    Healthcare is expensive. So we are back to money.
    Follow the money..

  11. Phoenix says:

    Eddie,
    Should we have allowed the banks to fail? What do you think would have happened?

    Under Obama, why were no bankers convicted? No one from a rating agency spent a day in jail?

    Why do we convict someone for stealing a can of tuna fish, but let off someone who steals millions with a slap on the wrist?
    Isn’t destroying thousands of lives through illegal financial destruction worth a little jail time?

  12. 3b says:

    Phoenix I agree. It’s all about money that’s why both parties in my mind are the same. They have convinced the little people that they are different but they are not. In my opinion single payer is the way to go. Is it perfect. No. But better than what we have now.

  13. Fast Eddie says:

    Phoenix,

    Spare me. You and I could’ve been president and the market would have recovered. Why were no bankers convicted? Who cares. All I care about is a path for me and people like me to build a personal war chest. And I don’t need to be reprimanded and told I’m the reason for the world’s injustices. The left is an obstacle and the so-called leaders of that cult use their constituents because they know the sl0bs are weak-minded and easily taken.

  14. Blue Ribbon Teacher says:

    Obama/Holder officially made it policy that it’s ok to run scams on Wall St. as long as you settle part of your illegal profits by giving the government its cut. How many billions of dollars in fines with no admission of wrong doing did JP Morgan have?

  15. Blue Ribbon Teacher says:

    It’s not even past the train tracks. 3 blocks in. I won’t even park in Asbury. I park in Ocean Grove and walk across the bridge.

  16. D-FENS says:

    The Democratic wing of the uniparty expands government control and influence. The Republican wing of the uniparty preserves these expansions until the Democratic wing of the Uniparty can take over again and resume expansion.

  17. D-FENS says:

    He Fights

    https://townhall.com/columnists/evansayet/2017/07/13/he-fights-n2354580

    My Leftist friends (as well as many ardent #NeverTrumpers) constantly ask me if I’m not bothered by Donald Trump’s lack of decorum. They ask if I don’t think his tweets are “beneath the dignity of the office.” Here’s my answer:

    We Right-thinking people have tried dignity. There could not have been a man of more quiet dignity than George W. Bush as he suffered the outrageous lies and politically motivated hatreds that undermined his presidency. We tried statesmanship. Could there be another human being on this earth who so desperately prized “collegiality” as John McCain? We tried propriety – has there been a nicer human being ever than Mitt Romney? And the results were always the same.

    This is because, while we were playing by the rules of dignity, collegiality and propriety, the Left has been, for the past 60 years, engaged in a knife fight where the only rules are those of Saul Alinsky and the Chicago mob.

    I don’t find anything “dignified,” “collegial” or “proper” about Barack Obama’s lying about what went down on the streets of Ferguson in order to ramp up racial hatreds because racial hatreds serve the Democratic Party. I don’t see anything “dignified” in lying about the deaths of four Americans in Benghazi and imprisoning an innocent filmmaker to cover your tracks. I don’t see anything “statesman-like” in weaponizing the IRS to be used to destroy your political opponents and any dissent. Yes, Obama was “articulate” and “polished” but in no way was he in the least bit “dignified,” “collegial” or “proper.”

    CARTOONS | GARY VARVEL
    VIEW CARTOON
    The Left has been engaged in a war against America since the rise of the Children of the ‘60s. To them, it has been an all-out war where nothing is held sacred and nothing is seen as beyond the pale. It has been a war they’ve fought with violence, the threat of violence, demagoguery and lies from day one – the violent take-over of the universities – till today.

    The problem is that, through these years, the Left has been the only side fighting this war. While the Left has been taking a knife to anyone who stands in their way, the Right has continued to act with dignity, collegiality and propriety.

    With Donald Trump, this all has come to an end. Donald Trump is America’s first wartime president in the Culture War.

    -snip-

  18. chicagofinance says:

    TRENTON – Senator Chris Christie? That’s one chilling scenario that Politico is musing, based on a number of “ifs.” So, on this steamy summer morning, let’s play the game. If Sen. Robert Menendez has to leave the Senate by the end of the year, as he is slated to go on trial in September on corruption charges, it would be up to the lame-duck governor to replace him. Christie could then appoint a pal to the seat, or – if he wants – he could appoint himself, a Trump rubber stamp. For those fretting about such a scenario, a silver lining: Christie’s famous line in 2014: “I would rather die than be in the United State Senate.”

  19. D-FENS says:

    My God…Please let that happen.

  20. Phoenix says:

    Right and left both smell the same. Some right odor….

    “The Right has continued to act with dignity, collegiality and propriety.”

    “Could there be another human being on this earth who so desperately prized “collegiality” as John McCain? ”

    “He’s not a war hero,” said Trump. “He was a war hero because he was captured. I like people who weren’t captured.”

  21. Fast Eddie says:

    D-FENS,

    Thank you.

  22. chicagofinance says:

    A group of do-nothing goof-off’s who were intelligent and completely unmotivated academically and extracurricularly were accepted to Yale, Stanford, UPenn, Cornell, Columbia, Dartmouth, Syracuse (2)……stunning actually…….all but one has gone on to do nothing……Facebook/Linked-In confirmed….my own experience with the Cornell guy was that he took 5 1/2 years…….and there is a huge social stigma to be there beyond 4 1/2, if not the standard 4.

    Phoenix says:
    July 20, 2017 at 8:57 am
    Chi,
    Can you elaborate?
    For what it is worth. I didn’t abandon the Democrats……they abandoned me……I think the first step was in April 1986 when I saw who was accepted to different Universities amongst my high school classmates………it was a real “education”…..and a gross injustice…..

  23. chicagofinance says:

    My experience in the workforce mirrored the same style of injustice…….it is really too bad. It had created a bias in me where I look for the holes in the skill set…..it diminishes individuals credibility……I look to make sure they earned promotions and jobs…..too many times I’ve seen people who take so much for granted…..

  24. Fast Eddie says:

    Obama is a weakling. He’s the equivalent of a keyboard terrorist. He hid behind the pulpit and took measured jabs at the motivated and successful.

  25. No One says:

    Chifi,
    The unanswered question – why do you think were they accepted, and what did that have to do with democrats? I can only guess.

  26. Phoenix says:

    Is McCain a hero?

    “McCain, a former Navy pilot, spent roughly five-and-half years in a notorious North Vietnamese prison known as the “Hanoi Hilton,” where he was repeatedly tortured. He spent two of those years in solitary confinement.”

    Right or Left, yeah, I would say it makes him a hero. Gotta give credit where credit is due- Unless you are Trump….. Then you mock the guy. Now, when McCain is severely ill, you praise him and wish him well? Would you want a friend like that? Would you even call him a friend………?

  27. Phoenix says:

    No One
    Not sure, but probably connected-the triad of success-
    Nepotism, Cronyism, Favoritism.
    Not that you can’t succeed and even excel without the triad, ChiFi is an example.
    Some are just born into it also……

  28. D-FENS says:

    “While I’m at it, I hold in the highest esteem Sen. John McCain for his service to our country in uniform and in public office and I fully support and endorse his reelection,” Trump said.

    Trump, who previously criticized McCain for being captured as a Navy pilot during the Vietnam War, enraged Republican Party officials earlier this week when he refused to endorse some of the party’s leading lights. On Friday, citing Republican icon and former President Ronald Reagan, Trump reversed his position, stressing the need to bring back the GOP’s “big tent.”

    “I need a Republican Senate and a House to accomplish all of the changes that we have to make,” the New York billionaire said. “So I embrace the wisdom that my 80 percent friend is not my 20 percent enemy.”

  29. No One says:

    Phoenix,
    I also started 0 for 3. I had to work harder and longer than most to collect my white privilege. But that gave me more substance and staying power.

  30. D-FENS says:

    Just claim you are bi or trans. Who’s going to check?

  31. 3b says:

    Trumps worst moment condemning John McCain Cain.

  32. D-FENS says:

    That’s funny coming from you 3b

  33. Phoenix says:

    D-Fens
    Might work. Is it ethical or do we just ignore ethics?
    You may have a point.
    Money trumps ethics every time…

  34. The Great Pumpkin says:

    “The U.S. special counsel investigating possible ties between the Donald Trump campaign and Russia in last year’s election is examining a broad range of transactions involving Trump’s businesses as well as those of his associates, according to a person familiar with the probe.

    The president told the New York Times on Wednesday that any digging into matters beyond Russia would be out of bounds. Trump’s businesses have involved Russians for years, making the boundaries fuzzy so Special Counsel Robert Mueller appears to be taking a wide-angle approach to his two-month-old probe.”

    https://www.bloomberg.com/news/articles/2017-07-20/mueller-is-said-to-expand-probe-to-trump-business-transactions

  35. joyce says:

    I was going to respond to Phoenix on healthcare, Medicare, and the dreaded transition… but this following comment was truly shocking:

    Why were no bankers convicted? Who cares. All I care about is a path for me and people like me to build a personal war chest.

    I shutter to think what your father and his father would think.

  36. chicagofinance says:

    The people who made fun of McCain for his lapses at the Comey Hearings look very weak now…….

    Phoenix says:
    July 20, 2017 at 11:11 am
    Is McCain a hero?

    “McCain, a former Navy pilot, spent roughly five-and-half years in a notorious North Vietnamese prison known as the “Hanoi Hilton,” where he was repeatedly tortured. He spent two of those years in solitary confinement.”

    Right or Left, yeah, I would say it makes him a hero. Gotta give credit where credit is due- Unless you are Trump….. Then you mock the guy. Now, when McCain is severely ill, you praise him and wish him well? Would you want a friend like that? Would you even call him a friend………?

  37. Fast Eddie says:

    joyce,

    You’re too intelligent for theatrics. Please, like the ones who hold a gun too our heads in the guise of more taxes have sympathetic motives.

  38. chicagofinance says:

    Wrong domain of characteristics…..

    Phoenix says:
    July 20, 2017 at 11:14 am
    No One
    Not sure, but probably connected-the triad of success-
    Nepotism, Cronyism, Favoritism.
    Not that you can’t succeed and even excel without the triad, ChiFi is an example.
    Some are just born into it also……

  39. D-FENS says:

    https://twitter.com/ThomasWictor/status/882116427867537409

    @ThomasWictor
    Replying to @Dbax1fan
    (1) Here’s the Democrats’ NEXT project, which is just as destructive:

    Forcing your property values down in the name of “social justice.”

  40. The Original NJ ExPat says:

    OJ sounds pretty remorseful. He’s sorry he got caught and he’s sorry that other people caused him this problem. Also, he’s never had a problem with violence or substance abuse. In his own words, he’s a “pretty straight shooter.” I think he meant a “a pretty straight cutter.”

  41. D-FENS says:

    (1) Here’s the Democrats’ NEXT project, which is just as destructive:

    Forcing your property values down in the name of “social justice.”

    (2) Beginning in 2013, the Obama administration began collecting all data on race in the US.

    http://nypost.com/2015/07/18/obama-has-been-collecting-personal-data-for-a-secret-race-database/

    (3) Data on health, home loans, credit cards, places of work, and neighborhoods is used to document “inequality.”

    (4) Civil-rights attorneys and urban activist groups can now access this secret database in order to sue and harass over race.

    (5) This is the Jesse Jackson shakedown on steroids. Cities, corporations, and individuals prefer to settle out of court.

    (6) Obama’s database created a massive income stream that doesn’t rely on Democrats being in power.

    (7) The Affirmatively Furthering Fair Housing database will be used to make all zip codes equal.

    (8) The goal is to “racially balance” every city. Any city that’s 50 percent or more white is called “segregated.”

    (9) Therefore affordable housing will be forced on any area deemed segregated.

    (10) When those dumps are built, property values plummet, which is the goal.

    (11) So what’s happening, now that Obama is out of office?

    (12) Well, the Democrats are pushing ahead with the plan to make every zip code “racially balanced.”

    (13) The GOOD news is that the entire country will oppose this, leading to a massive swing to the Republicans.

    (14) But if you had any doubt whatsoever that Obama wanted to destroy the US, the evidence is now incontrovertible.

  42. joyce says:

    Sarcasm aside… you do not seem to want to admit (at least here) that the illegal behavior – whether in Finance, Insurance, or Healthcare – also costs you and is holding you and those like you back. People who break the law belong in jail. The scam artists in the inner cities, in Lakewood, and on Wall Street all belong in prison. I do not know how anyone can argue otherwise with a straight face, nor do I understand those who say ‘I don’t care.’

    At the Federal level, yes, the biggest portion of our taxes go to the entitlement programs. However, the fraud and other scams in the healthcare industry are the reason for the skyrocketing costs in Medicare and Medicaid. Social Security (minus the ‘relatively’ small portion that is pure welfare) is self-funded. At the state level, it’s all about education. The majority of income and property taxes go to the abbot districts. While there are a whole host of other problems at the state/county/local levels (and they all make my blood boil), fixing this is paramount.

    Fast Eddie says:
    July 20, 2017 at 12:56 pm
    joyce,

    You’re too intelligent for theatrics. Please, like the ones who hold a gun too our heads in the guise of more taxes have sympathetic motives.

  43. joyce says:

    They may have been implying that sex and race were included in Favoritism.

    chicagofinance says:
    July 20, 2017 at 12:57 pm
    Wrong domain of characteristics…..

  44. ms says:

    I was mugged there 15 years ago by 3 of the natives…

  45. joyce says:

    He will be long dead before any project is finished (is started?)). Must be trying to pump the stock some more.

    http://money.cnn.com/2017/07/20/technology/elon-musk-new-york-dc-hyperloop/index.html?iid=hp-stack-dom

  46. 3b says:

    D fens. Don’t know why you would say that. I did not vote for Trump. He is a buffoon. And out of his league. But at least he is honest in his own messed up way. And I don’t condemn those who voted for him I understand why they did. I am of the stu camp both sides are bad. And I believe Obama was a buffoon too totally out of his league no experience anywhere no record from his brief Senate days. He was just a polished arrogant buffoon. And an angry one I might add.

  47. D-FENS says:

    I say that because it’s ironic coming from you. It made me laugh.

  48. 3b says:

    Still don’t get it d fend. I don’t see the irony. Must be the heat!!

  49. D-FENS says:

    Juice is loose!

  50. Fast Eddie says:

    joyce,

    I find it difficult to disagree with you. You always offer sound and thoughtful debate while my emotions sometimes get the best of me. I should pause before I write. By saying, “I don’t care” what I’m really saying is that I feel powerless to do anything about it so therefore, I don’t care. The best I can do is carve my own path. That aside, it’s always a pleasure reading your views.

  51. 3b says:

    Fast I don’t care anymore either and I have to say it is liberating. And I was a political junkie since I was a kid. I was the one that no one wanted to listen to when I was talking about politics and history. It was like who cares. What’s funny is the out cry over trump now which is hysterical! Oh so now you care? One thing I do note is that the liberals who pride themselves on their education and sophistication are just as ignorant as those blue collar folks they despise. More so in some cases.

  52. Jj says:

    The LGBT community is a big part of increase as gayborhoids increase more than straight neighborhoods. What did the Mom say to the man while at Asbury Park beach? Hey get out of my son.

  53. The Original NJ ExPat says:

    My 15 year old daughter is wearing one of my wife’s Springsteen concert shirts today. Another shirt she likes to wear is one from the 1970’s that is a plain white T shirt with red ribbing that says “Glen Rock High School” in red block letters. I think she has conversations with her friends that go like this.

    Friend: Where is Glen Rock?
    My daughter: Go to Google and look up Wayne, NJ
    Friend: What do I do next?
    My daughter: Just know it’s nothing like that place

    Hahahahahahahaha

    Has Asbury made it?

  54. Fabius Maximus says:

    “Obama is a weakling. He’s the equivalent of a keyboard terrorist. He hid behind the pulpit and took measured jabs at the motivated and successful.”

    Because only the truly great can bang it out in 140 characters or less!

  55. The Original NJ ExPat says:

    Well, yeah!! When your wife’s guns make yours look like pencils…

    “Obama is a weakling.

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