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Today is Friday, October 18, 2019

More Broadway Buildings Demolished

Most of the buildings on the south side of Broadway in the Broadway Arts Center (BAC) redevelopment zone in Long Branch have been demolished.

This week, the original Siperstein Paint Store, Stars and Bars, an old laundromat and the cabinet making business on the corner of Second Avenue and Broadway have demolished.

All of the buildings on the north side of Broadway from Second Avenue up to 159 Broadway and Cafe Lapa on the corner of Liberty Street will be demolished in the coming weeks.

In November, the city and the owners of the BAC, settled a portion of a lawsuit that requires the demolition of several of the buildings.

The BAC encompasses the area east of Liberty Street to Memorial Avenue and from Union Avenue south to Belmont Avenue, with Broadway running through the zone. Diversified Realty Advisors, operating as Long Branch Partners, LLC acquired this stretch of Broadway in June, 2014 and had preliminary plans to build approximately 800 units of different types of multifamily housing and 80,000 square feet of retail space for the area. The group also paid over $400,000 in back taxes for the properties.


Read more from: WORD Gets Around

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