Nov 192014

South Amboy Real Estate Project

SOUTH AMBOY – City officials gave an initial nod of approval to a major waterfront redevelopment project that will be several decades in the making. While officials said the project will bring much-needed revenue to the city, as well as other benefits, some residents expressed concerns about the project, as well as why they were kept in the dark about the project.

"It seems like this whole picture is very vague," city resident Lori Papernik said.

The Manhattan Beach Club would consist of about 1,750 luxury residential units, 88 affordable housing units, a restaurant, associated parking and associated commercial uses. The project also includes a public park and continuance of a waterfront walkway paid for by the redeveloper. A joint venture of Sherman Financial Group and O’Neill Properties, the project will be done in phases, with a 30-year build out.

The project was presented to the residents and some city officials for the first time last week at a special meeting of the City Council and South Amboy Redevelopment Agency (SARA), which was held at City Hall.

via New waterfront development slated for South Amboy.