Developer buys Asbury beachfront site

Asbury Partners, the city’s waterfront developer, has bought the unfinished Esperanza high-rise site from Capital One Bank, which had foreclosed on the project, a company official said Friday.

See what this will do for the Jersey's Shore up and coming waterfront of Asbury Park. Prices are low here because we are in a redevelopment phase but as progress is made, this stretch of beach will be untouchable. Read more about the sale of Esperanza and see current listings on the market in Asbury Park, NJ here...