- Associated Press - Thursday, December 14, 2017

LONG BRANCH, N.J. (AP) - Long Branch officials and a developer have agreed on a mixed-use redevelopment plan to revitalize a downtown portion of the New Jersey city.

The Asbury Park Press reports the Montville-based firm Long Branch Partners has agreed to build 590 apartments, a commercial space for stores and restaurants and 1,255 parking spaces in the city’s lower Broadway area. Long Branch Partners‘ investment will total about $175 million.

In turn, the city will provide a $5 billion redevelopment bond for road improvements. Long Branch administrator Kevin Hayes says city will develop two parking garages as well.

Construction on the project will be divided into four phases.

___

Information from: Asbury Park (N.J.) Press, http://www.app.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide