According to a recent article in The Coaster, the amount of booming which is currently underway in Asbury Park may be the most since the time when the city was founded in the late 1800s.
Asbury Park is no longer a forgotten town, filled with bygone memories and crumbling carnival rides.
The revival of the Jersey Shore is definitely finding Asbury Park as the hub of this new renaissance. The fact that last year Asbury Park was given the recognition as the best little city with the best beach is surely part of the big attraction.
It seems that the youth have grabbed on to this historic town known for its festive and creative culture of sun and fun.
The building projects that are currently underway in Asbury Park, New Jersey include townhouses, restored Pavilions, renovated buildings, and a new federal housing complex in addition to many updated restaurants up and down its famed Cookman Avenue.
The city is actually involved in a lot of the construction going on: as many residents are seeing, many of its roads which had fallen into disrepair over the last couple decades are being repaved.
Perhaps one of the drawbacks to all of this fanfare is a problem that most urban centers experience and face: the shortage of parking places.
In 2016, the median age of all people in Asbury Park, NJ was 34.7 with native-born citizens having a median age of 33.1. But according to Data USA, people in Asbury Park are getting younger.
As in many other places within New Jersey, there is a buying frenzy going on in Asbury Park.
According to the article again in The Coaster, many people are walking up and down streets asking people if they want to sell their homes. Homes being bought for $90,000 are now peaking at $150,000, and could possibly be sold for $250,000 in a couple years.
Current Construction Projects
Asbury Ocean Club
Boston Way Redevelopment
Fifth Avenue Pavilion
Barry Slott Building
711 Mattison Avenue
700 Bangs Avenue
Mary Mac Libation Station
The Parkview Asbury Park