iStar Announces Multi-Billion Dollar Waterfront Renewal in Asbury Park

From left clockwise: 1101 Ocean, the Asbury, Monroe | Renderings via Asbury Park Waterfront

From left clockwise: 1101 Ocean, the Asbury, Monroe | Renderings via Asbury Park Waterfront

iStar, real estate investment trust extraordinaire and prospective Jersey Shore dream makers in the making, has embarked on a massive redevelopment plan that is sure to elicit a head-turn or two. Their venture, which involves more than twenty projects all together and will have a multi-billion dollar price tag attached, is to give a 1.25-mile tract of the Asbury Park waterfront in New Jersey a complete restoration and upgrade.

According to a press release, the plan will add 2,100 new homes and 300 hotel rooms to the area, while also working on a series of mixed-use and infrastructure projects intended to restore the town’s shoreline attraction. These developments will include The Asbury, a 110 key boutique hotel; Monroe, a 34-unit luxury condominium; and 1101 Ocean, a, quote, “landmark mixed-use hotel/condominium/retail project” set to be in one of the tallest edifices along the Jersey Shore. Asbury Lanes, a historic bowling and music venue, will also get a refresh.

Joining iStar in their effort are creative lead Anda Andrei, former Director of Design at the Ian Schrager Company; David Bowd, the visionary behind the SALT hotels brand; architects Chad Oppenheim and Gary Handel, among others; and renowned landscape designer Madison Cox. More importantly though, iStar is partnering with several Asbury Park businesses, cultural institutions, entrepreneurs, artists, and community groups to give the renewal an authentic touch.

“Asbury Park has a soul that makes it unique in America,” says Andrei in the press release. “There’s a love for that behind this project.  We’re mining the incredible history and one-of-a-kind character to amplify what’s already here.”

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House of the Week: The Gregory Residence in Lambertville

All images via Kurfiss Sotheby's International Realty/Zillow

All images via Kurfiss Sotheby’s International Realty/Zillow

Late architect Jules Gregory left a wonderful duo in our area and for that we’ll be forever grateful. One of these is “the Butterfly House,” which, according to Zillow, was sold earlier this year after being re-listed in the summer of 2014. But fear not, mid-century modern admirers. The second, praised as one of his grand masterpieces, is still on the market: his NJ home.

Formerly listed for $999,000 in 2013, the Gregory Residence disappeared from the market sometime afterward, only to emerge on Zillow earlier this week for $729,000. It’s not the home’s first price cut, which makes us wonder…is it possible no one has yet given into one of the best houses in America, as the Architectural Record deemed it back in 1961? Impossible, we say. Go see it this weekend if you have time; an open house is being held the 16th at 1 p.m. Read more »

2.7 Magnitude Earthquake Shook Central Jersey Early This Morning

Data via U.S. Geological Survey

Data via U.S. Geological Survey

An untimely earthquake early this morning jolted residents in Somerset County, New Jersey, and surrounding areas.

NJ.com reports that a 2.5 magnitude earthquake was detected 3.5 kilometers north of Bernardsville, New Jersey, near the border of Somerset County and Morris County. The Morris County 911 call center received calls from several towns and townships in the area, the article says.

The United States Geological Survey is calling the quake a 2.7 on the Richter Scale. Read more »

Jaw Dropper of the Week: Jon Runyan’s Former Mount Laurel Mansion

TREND images via BHHS Fox & Roach-Moorestown

TREND images via BHHS Fox & Roach-Moorestown

Since telling you about Jon Runyan‘s ginormous New Jersey estate back in October, some things surrounding the property have changed. First, the green Birds regalia that once festooned the great room – which comes with a sports bar, naturally –  has come down. And second, the property, once listed for $5.8 million, is now going for $4.5 million.

Other than that, everything else has pretty much kept itself constant: the hatched roof Tiki hut,  the swimming pool, the seven-car garage. The house, designed by David Donachy and Christopher Caulder, also continues to boast a slew of details: Peruvian Travertine, custom ironwork, limestone cast stone, and zoned radiant heat. Moreover, the manse contains three home offices and five, count ‘em, five, master suites, plus the two guest suites.

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Renovation Plans Afoot for Vacant Warehouse Next to Ben Franklin Bridge

300 N Delaware Avenue, Camden, NJ | Image via LoopNet

The long-vacant warehouse in question. | Image via LoopNet

Hold your horses, Old City-ites. The warehouse in question is located on the other side of the Delaware River. But like several Old City properties, this Camden one comes with some history: situated across from Campbell’s Field and about a block from the Benjamin Franklin Bridge, the building, constructed in the late 1800s, is a former Ruby Match factory that later went on to become a Campbell’s Soup storage facility. So what’s it up to now?

Well, after being vacant for ages, the historic warehouse is in for a makeover of Laney Boggs-level proportions. The Inquirer’s Allison Steele reports Philadelphia-based real estate firm Athenian Razak has plans to transform it into a sleek office building with 71,000 square feet of ground floor retail, a conversion they say will involve a roof replacement, mezzanine addition, some 100 new windows, and the creation of two floor levels.

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Wildwoods to Host Its First-Ever Sneaker Convention

SneakerConvention

The first-ever Jus Nice Sneaker Convention is coming to the Wildwoods Convention Center at the end of August. The one-day-only event promises sneakerheads the chance “to buy, sell and trade some of the most unique and high-in-demand sneakers available.”

Organizer and sneaker re-seller Justin “Jus Nice” Roper says he put together the event after attending sneaker conventions in other cities and realizing his town should have something similar. “I know there are a lot of kids around here who want to collect sneakers, but they never had an opportunity to have something like this here,” he says. “Before now, we’ve had to travel three, four hours to get to one.”

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Lobster News: A New Jersey Lobster-Palooza With Chef Al Paris

Al Paris and Alan Heckman are doing a five-course collaboration dinner for your lobster enjoyment.

Al Paris and Alan Heckman are doing a five-course collaboration dinner for your lobster enjoyment.

We know you still want more lobster news. Even if you say you don’t, we know that, deep down in your shellfish-lovin’ hearts, you really do.

Which is why we now bring you this: A Lobster-Palooza in Stockton, New Jersey. A five-course lobster extravaganza,  happening at the Stockton Inn on August 5th.

More lobster, more fun.

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