Only one company responded to the City's request for proposals to redevelop its administration complex. The area to be redeveloped includes the police department, city hall, council chambers and the railroad station, on Main Street (Rt. 71) between Bangs and Mattison and bordered to the west by the NJ Transit railroad tracks. (Go to http://www.cityofasburypark.com/ to see the RFP)
Acre Properties LLC, Broadway, New York City, answered the call. The following is from its website:
"Acre Properties LLC is a visionary firm that specializes in real estate development and real estate advisory services. The firm's mission is to maximize the value of properties that are neglected, distressed, or underutilized. This objective is shared with our partners and enjoyed by the communities in which we work."
The three principals of Acre are co-founder and managing partner Steven M. Rosefsky, formerly general counsel and VP with Edison Park Fast, Eric Horvat, co-founder and managing partner, who formerly helped direct activities at Port Imperial South, in Weehawken, a Lennar joint venture, and Joshua B. Sternberg, a partner who was formerly a vice president at Roseland Property Company, which does property acquisition, land development, environmental cleanup, and infrastructure planning. Sternberg managed premier developments including Port Imperial North.
OK - So where can one read the proposal submitted that's being referred to in this report?
Werner - I posted a link to the RFP on asburyradio.com. Please check it out.
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