City amends redevelopment agreement with Asbury Partners and Somerset

Asbury Park approved a Fifth Amendment to its Subsequent Developer Agreement with Asbury Partners, LLC and Somerset Asbury Park Urban Renewal, LLC for redevelopment at 1209 Ocean Avenue and adjacent parcels. The amendment refines construction logistics, including use of public parking spaces, street closures, and limited weekend work for crane operations.

Document date · April 22, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Fifth Amendment executed April 2026; includes construction logistics allowances through at least November 2027

Renewal date

2027-11-30

Renewal

Fifth amendment follows four prior amendments to the SDA, updating terms related to construction staging and public space use through 2027.

Document type

AgendaPacket

Source document

City of Asbury Park Agenda Packet 2026-04-22

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City of Asbury Park, New JerseyOct 13, 2026

City of Asbury Park Agenda Meeting of the Municipal Council September 9, 2026

ONGOING

City of Asbury Park, New JerseySep 9, 2026

City of Asbury Park Agenda Meeting of the Municipal Council 2026-05-27

PENDING

City of Asbury Park, New JerseyMay 27, 2026

City of Asbury Park Agenda Packet 2026-04-22

AMENDED

City of Asbury Park, New JerseyApr 22, 2026

City of Asbury Park Council Meeting Agenda April 2026

APPROVED

City of Asbury Park, New JerseyApr 22, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Asbury Park?

Asbury Partners Llc was awarded this government contract by City of Asbury Park, as recorded on April 22, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Asbury Park Agenda Packet 2026-04-22 (AgendaPacket), dated April 22, 2026 from City of Asbury Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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