Builder puts Asbury high-rise project on hold

By NANCY SHIELDS
COASTAL MONMOUTH BUREAU 

The Hoboken developer building the 224-unit Esperanza high-rise on 
the city's beachfront says it is temporarily closing down the 
construction site and sales office.

Dean Geibel, president of Metro Homes, said the company recently 
informed the city that it was halting construction and sale "until 
such time market conditions allows us to move forward and 
successfully complete this important luxury beachfront development."

Full story:

http://tinyurl.com/3632jc

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The key to a good Redevlopment plan is to diversify land uses and 
anticipate changes in regional economics.

Doing so would have assured that no single 'land use' dictated the 
future economic success of the City.

Werner




 
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