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Long-Vacant Salvation Army Building Reborn as The Asbury in Asbury Park, New Jersey
iStar | June 1, 2016
Asbury Park, NJ (June 1, 2016) – A lawn with a white picket fence isn't standard at hotels - especially on the roof overlooking the Atlantic Ocean. But The Asbury, which opened Memorial Day weekend, is the opposite of standard. An exuberant reimagining of the classic beach hotel, The Asbury feels like Asbury Park itself – spontaneous, original, and surprising, with rock 'n' roll energy. The Asbury's opening marks the next chapter in Asbury Park's thrilling rebirth. The first new hotel in Asbury Park in more than 50 years, the 110-room property is part of the multi-billion-dollar redevelopment plan by Master Developer iStar (...
Developer iStar Launches Multi-billion Dollar Redevelopment Plan in Asbury Park, NJ
iStar | August 19, 2015
Asbury Park, NJ, August 19, 2015 – After a colorful history and a checkered past, Asbury Park, NJ is finally looking at a brilliant future. A multi-billion dollar redevelopment plan announced today will transform a 1.25-mile stretch of Asbury Park waterfront with carefully curated residential, hotel, and infrastructure projects. iStar (NYSE: STAR), the visionary real-estate investment company whose roots in Asbury Park stretch back a decade, is leading the revitalization, which involves more than 20 individual projects. Ten years in the making, the plan represents one of the most significant redevelopments ever undertaken on the E...
