Construction at 1101 Ocean Ave. in Asbury Park, the site of a future 16-story hotel and condominium project has not started while owners wait for permits.
iStar, the redeveloper of the building, is still in the process of finalizing its redevelopment documents with the city for the construction of the project.
“Although we have completed some demolition of the old structure to clean up the site, the project has not started construction,” said Brian Cheripka, iStar’s senior vice president of land and development. “We continue to work with city officials and look forward to beginning the project when all approvals are in place.”