Joanne Vos and Joseph J. Maraziti, Jr. negotiated a Redevelopment Agreement on behalf of the Township of Neptune, the first of its kind, the Resolution for which was adopted by the Township Committee on September 9. The Project, which will be constructed within the well-known seaside community of Ocean Grove, will comprise a new, iconic Victorian boutique hotel containing no more than 40 rooms, a residential condominium building containing no more than 30 units, and approximately 7,600 sq. ft. of boardwalk retail; a second condominium building which will contain no more than nine units; and ten single-family homes. One hundred and forty parking spaces will be contained within a subterranean parking structure. The Project will also result in the creation public open space such as a promenade along Wesley Lake and the preservation of view corridors, as well as the reconstruction of a retaining wall supporting Wesley Lake and the improvement of a municipal parking lot, all at no cost to the Township.
