Big and welcome news coming to Asbury Park, New Jersey.  In a recession like ours, you do not typically see a large redevelopment of an old industrial building but in Asbury Park, on First Avenue and Langford, you can drive by and see such a project.  It is quite a beautiful undertaking.  One of the investors, Ivan Geldzahaler, said that the project is “truly like the old SoHo lofts with the exposed brick and high ceilings.”  This is the sort of project that can define the Asbury Park community and has the ability to speed up the process in stabilizing sections of the city and make them much safer. 

The building redevelopment will create 32 units, most are duplexes and some have interior stairs with a clearance of 34 feet from the top to bottom.  Almost all of the units will have decks and all will have oversized windows.  Expected to be completed and available for sale by February, move in date can be early as Spring.  List prices will be determined by the market conditions at the opening of the new year, however, with the high quality design that The First Avenue Project is bringing to Asbury Park, the investment will definitely pay off no matter the price!