Inspired by Somerset Development is planning a 2024 groundbreaking at 115 Fourth Ave. in Asbury Park, where plans call for 155 upscale condominiums and ground-floor retail space. — Rendering by Minno & Wasko Architects and Planners/Courtesy: Inspired
By Joshua Burd
Inspired by Somerset Development has received site plan approval to bring 155 upscale condominiums and retail space to a parcel one block from Asbury Park’s iconic boardwalk.
With the approval, the firm said it’s slated to start construction in 2024 on a project that will evoke a beach club with a mix of one-, two- and three-bedroom floorplans, according to a news release. The eight-story development would comprise two towers on what is currently a vacant lot at the corner of Ocean and Fifth avenues, next to the landmark Wonder Bar and steps from the city’s shopping, dining, music and entertainment destinations.
“This project represents our unwavering commitment to creating magnetic and thoughtfully designed living spaces that redefine the surrounding markets,” said Ralph Zucker, CEO of Inspired by Somerset Development. “Following unanimous site plan approval, we’re thrilled to get started on what we believe will be a transformational property not only for Asbury Park but all of New Jersey.”
With a design by Clodagh and architecture by Minno & Wasko Architects and Planners, the project will offer high-end finishes, expansive wrap-around balconies and ocean views, the news release said. Inspired also noted that select units will have private plunge pools and 16-foot ceiling heights, while ground-floor units will have 20-foot ceiling heights.
Amenities are slated to include a resident club room, a spa, outdoor grills and fire pits, a high-end fitness center and golf simulator, a courtyard and two pools, one of which will be open year-round. Residents, meantime, will have access to ground-floor storage for items such as beach chairs, umbrellas and bikes, along with a private three-story garage between with 264 parking spaces.
Plans also call for 9,340 square feet of ground-floor retail space.
“The Inspired team is so excited to enter this thriving community and work with existing businesses and residents to drive the area toward its fullest potential,” said Ken Gold, vice president of acquisitions and development at Inspired by Somerset Development. “We look forward to beginning sales and sharing more details in the months to come.”
