Sackman Enterprises Breaks Ground on Baypoint, Keansburg's Redevelopment District

KEANSBURG, N.J., Oct. 28, 2021 /PRNewswire-PRWeb/ -- After over two years of planning, the page has finally turned on Keansburg's next chapter as Sackman Enterprises ("Sackman") celebrated the groundbreaking of Baypoint. The highly attended event took place on October 21 at Carr and Bay Avenues. Construction is slated to begin this fall on the new waterfront redevelopment project on the Bayshore.

Carter Sackman, President of Sackman, gave the first speech of the afternoon. "Twenty years ago, we jumped into the Asbury market, and it wasn't too different than some of the challenges we face here on Carr Avenue. There was vacant space that needed to be revitalized and put back into service," he said. "What we did there was centered around food and beverage, the arts, creating workforce housing and fair market housing and supporting local retail commercial activities."

In a span of just 10 years in Asbury Park, Sackman and affiliated entities helped create approximately 400 residential units, as well as 100,000 sq. ft. of retail commercial space and limited office space. "Public and private partnerships can work together," Sackman asserted.

Sackman is working hard to have a walk-to ferry service that is serviced predominantly by local residents and visitors. "We have been able to secure a $15M bond to help costs associated with the streetscape and boardwalk. We also want to take utility lines underground to create a contemporary seaside town."

All dignitaries present at the event were excited to see what's next for the gem of the Bayshore. Representing the Borough of Keansburg were Mayor George Hoff; Cliff Moore, the Economic Community Development Coordinator and event emcee; Raymond B. O'Hare, Borough Manager; Deputy Mayor Thomas Foley; Councilman Sean Tonne; Councilman James Cocuzza, and Councilman Michael Donaldson.

"We are starting a new chapter in our history book, one which will see a bigger and brighter Keansburg," said Keansburg Mayor George Hoff. "The Borough of Keansburg is pleased to have partnered with the Sackman family to help revitalize Keansburg. For well over 20 years, this section of Keansburg has sat dormant. It was once bustling with arcades and establishments and has since fell into despair and became an eyesore."

Having seen what Sackman Enterprises has done on Cookman Avenue in Asbury Park, Mayor Hoff has great confidence that Sackman will exceed his expectations. "If you have not been to Cookman Avenue, visit for yourself to see firsthand what they [Sackman] have done in that location," he said. "We're hoping, in the near future, that's what we have here."

"The redevelopment of a building does not erase the history of it, it gives us an opportunity to build more," said Mayor Hoff. "The memories all of us have of the arcades, bowling alleys and swimming pools will always be here. The history of these places cannot fade because the buildings are not here. This is an opportunity to create new memories and a new chapter for our history."

Matt Montekio, District Director of U.S. Congressman Frank Pallone's office was in attendance to read a letter written from Congressman Pallone, who was unable to attend the ceremony. "Today's celebration marks the culmination of the transformation of Keansburg's waterfront," said Montekio for Pallone. "The redevelopment of this site will be a valuable addition to the community and local economy."

NJ State Senator Declan O'Scanlon, NJ Assemblyman Gerry Scharfenberger and NJ Assemblywoman Serena DiMaso also took to the podium to express their excitement for the project. "The fact that we are right here at the moment of a truly dramatically transformative project doesn't happen all that often," said Senator O'Scanlon. "This truly is a special day. You [Sackman] do have a great reputation. We see what's going on in Asbury Park and we are counting on you being even more successful here. "

"The Sackman family... they are literally one of the developers that turned the city of Asbury Park around," said Senator Vin Gopal, representing the 11th Legislative District. "They have done an incredible job developing Cookman Avenue and I am excited to see what's going to happen to Keansburg in the months and years ahead."

Monmouth County Board of Commissioners Deputy Director Susan Kiley and Commissioner Nick DiRocco were also in attendance. "It's very exciting and it's great to be here with you," Kiley said. "I look forward to watching this grow and grow into the place we always knew it would be."

The redevelopment/new construction projects will deliver world class housing and retail options to both year-round residents and visitors alike with a focus on enhancing the connectivity between the waterfront and the heart of Keansburg's once thriving downtown. The plan includes 700 luxury residential units, more than 45,000 SF of restaurant, entertainment, and retail space, and over 1,000 parking spaces. The first of these projects will be 19 Carr, which as 50 residential units and 4,000 SF of commercial space. To accomplish these goals, Sackman will focus on new development with improved streetscapes along Carr and Beachway Avenues connected to a system of secondary interlinked open spaces, pedestrian pathways, trails, and recreation areas. The design will provide easy access to the Bayshore's natural beauty while developing a sense of community centered around Keansburg's historic downtown.

Sackman Enterprises is an international developer specializing in transformative real estate projects and began its operations in 1969 focusing on redevelopment in Manhattan's Upper West Side. The family-owned business has offices in New York, New Jersey, and Texas and has developed multifamily, mixed-use, commercial, and hospitality properties across its vast international portfolio. To learn more, visit sackman.com.

Media Contact

Laura Crossan, Design 446, 732-292-2400, [email protected]

SOURCE Sackman Enterprises

Related Links

http://sackman.com