LONGBRANCH: Black Ridge Realty, Inc. is close to reaching a redevelopment agreement with the city to become the developer of a vacant piece of oceanfront property.
The developer has proposed the construction of a 40-unit apartment building at 345 Ocean Blvd., a vacant lot located between Pavilion and North Bath Avenue.
The land is located in the city's Beachfront South Redevelopment Zone and Black Ridge submitted a request for qualifications (RFQ) in August in hopes of becoming the developer of the land. The city established redevelopment zones so it could have more control over what is built there and all projects must first be approved by the council and either the planning board of zoning board before construction can begin.
The building, at its highest point, will have six floors with parking "below grade", according to architect Jim Monteforte.
Monteforte said it will contain a mixture of 1,300 square foot 2-bedroom units and 2,400 square foot 3-bedroom apartments with 81 parking spaces located in an underground parking structure.
The project was actually presented to the Long Branch Council last year, but the city requested some changes, and they were made to the project.
City Attorney James Aaron said the redevelopment agreement will likely be voted on at the next Long Branch Council meeting on March 8.
The plans would then have to be approved by CAFRA and the site plan would have to be reviewed by the Long Branch Planning Board before any construction can begin on site.