Tuesday, July 04, 2006

Toll Bros To Build Seaside Condos

From the Asbury Park Press:

Condos may replace rides at Funtown Pier
BY JOE ZEDALIS

The Borough Council will hear a proposal Wednesday from the owner of Funtown Pier about turning the 77-year-old amusement venue into condominiums.

Mayor Robert Matthies scheduled a special meeting of the council for 6:30 p.m. to hear the "very tentative" plans for the pier, which straddles the Seaside Park-Seaside Heights boundary.
...
"The general consensus is that Bill (Majors) has done everything possible to make it (the pier) successful," D'Onofrio said. "It's been a gallant attempt, but the fact that he is even considering selling is telling about how well he can be a viable competitor with other amusement venues.
...
Matthies estimated condominiums, which could sell for as much as $1.5 million and would be developed by Toll Bros., would add between $40 million and $60 million to the borough tax rolls and dramatically change the landscape of the 600-foot stretch of boardwalk businesses in Seaside Park.

"There has been no application; this is an informational session only," Matthies said. "The council has to listen to a proposal like this."
...
More than 200 condominium units have already been approved in other locations in Seaside Heights.

14 Comments:

Anonymous Anonymous said...

I say do it, build it. I always love watching people shoot themselves in the foot.

SAS

7/04/2006 06:12:00 AM  
Anonymous Anonymous said...

yes, victoria we need more condos
in Asbury Park.

7/04/2006 06:34:00 AM  
Anonymous Anonymous said...

Toll Brothers is a bizarre company. I was interested in one of their Hoboken properties. I had about 100K cash as a down payment and they wouldn't give me the time of day either in person or with a return phone call. They deserve whatever they get as far as I'm concerned.

7/04/2006 07:23:00 AM  
Blogger grim said...

Really? I got a much different impression from the folks at Toll.

I stopped in the Scenic Hills Development out in Blairstown about 7 or 8 months ago. Everyone there was as nice as could be. I still receive at least a postcard or a call every month.

Of course, when I was in the area, homes in that development started at the $700k mark. They've since added a new lower priced model. I can only assume it is due to the fact that they can't seem to sell the place out. I believe there were a total of 21 lots in total. The Toll site is displaying that it's 50% sold out. That makes approximately 11 homes sold in over a years time.

grim

7/04/2006 07:30:00 AM  
Anonymous Anonymous said...

uh, your headline is wrong. seaside heights is not asbury park. it isn't even close to asbury park.

7/04/2006 08:39:00 AM  
Blogger Richard said...

seaside heights boardwalk and amusement park is disgusting. it's the land of misfit toys. i'd use the condo building as an excuse to revitalize the whole area. look at the new development they built up down in long branch with condos, shops, restaurants and a boardwalk. it's clean and looks great. sure you still get the gumby's down there but it's overall a much better clientele.

7/04/2006 09:03:00 AM  
Anonymous Anonymous said...

Seaside Heights is like a
town on the Mexican boarder.

Its just about 3rd world.

Never saw so much trash.

7/04/2006 09:10:00 AM  
Blogger Richie said...

Assbury Park-- exactly the place I want to be when I visit the Jersey shore!

-Richie

7/04/2006 09:38:00 AM  
Blogger grim said...

Sorry, did these shortly after 5am this morning..

grim

7/04/2006 10:14:00 AM  
Anonymous Anonymous said...

TOL should buy DWEK SOLOMON`s real estate empire !!!

7/04/2006 01:43:00 PM  
Anonymous Anonymous said...

Grim said: I stopped in the Scenic Hills Development out in Blairstown about 7 or 8 months ago. Everyone there was as nice as could be. I still receive at least a postcard or a call every month.

Two possible reasons for the difference in attitude. 1. Hoboken mentality. 'Nuff said. 2. Did you tell them you have a real estate blog? Word of mouth goes a long way these days and any company who engages in marketing knows that.

7/04/2006 02:20:00 PM  
Blogger grim said...

No reason to bring it up. Especially if the only reason I'm stopping by is to be nosy and ask questions.

I've only been recognized by name once.

grim

7/04/2006 02:39:00 PM  
Anonymous Anonymous said...

I disagree with the Seaside is trash guy.

Yeah, I know..."hats on sideways, etc."

Do you really want everything to look the same?

I remember a childhood Atlantic City. Trashy - but wonderful. Eating crabs on the boards, dumping quarters in Pin Ball.

Now look at it.

7/04/2006 05:13:00 PM  
Anonymous Anonymous said...


Seaside Heights is like a
town on the Mexican boarder. Its just about 3rd world. Never saw so much trash.


Ever looked in the mirror ?

7/05/2006 11:20:00 AM  

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