Werner,
My thought that this is being done, as they did in long branch
along "new" ocean ave, to INCREASE the buildable area EAST of Ocean
Ave. Just a guess. But doing so, they will try adding roughly 20x200
(4,000 sq ft roughly) of floor space per floor. At say, $50 per sq ft
that's $200k per year in rent or more...unless they decide to condo out
the retail spaces.
Now:
1) Will the city let them increase the footprint of the existing
pavillions?
2) If so, how much will the city be compensated for "that extra land".
3) What regs will require cafra approval, if any, if the buildings are
increased
Dan, comments?
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