The APHA was approved to demolish 7 dwelling buildings containing 123 dwelling units at Boston Way Village, NJ007000003 as described below:
Boston Way Village – NJ007000003
DOFA – 10/1/1952
All 123 affected residents have been relocated and efforts are underway to secure funding to proceed with demolition.
The Asbury Park Housing Authority Board of Commissioners selected the Metro Alpert Group as the developers for the redevelopment of Boston Way.
The developer has begun the process of securing the finances needed to demolish the existing structure, estimated to be $1.3 million. Applications for state and federal grant funds have been submitted to the respective agencies.
It is anticipated that demolition and then construction work on the proposed 104 new townhouse style units will commence sometime in 2016.
Option to Lease Real Estate executed
Resolution of Need secured from the City of Asbury Park
Preliminary concept plans prepared
Part A application submitted to NJHMFA for FRM CDBG-DR (Disaster Recovery) funds
Tax abatement secured from the City of Asbury Park
Section 31 review letter secured from the City of Asbury Park (in lieu of site plan approval)
Phase I environmental report completed
Joint Venture MOU between the Housing Authority and development partners executed
Survey and geotechnical reports are underway
Construction plans/documents are in preparation
General contractor identified and construction cost estimating in progress
Demolition contractor identified and demolition cost estimating in progress
Supportive housing provider identified
Supportive housing and social service plan is underway
3B application submitted to NJHMFA for FRM CDBG-DR (Disaster Recovery Funds)