{"id":1194,"date":"2014-09-30T05:29:52","date_gmt":"2014-09-30T09:29:52","guid":{"rendered":"https:\/\/www.shorebeat.com\/brick\/?p=1194"},"modified":"2014-09-30T02:43:16","modified_gmt":"2014-09-30T06:43:16","slug":"five-miles-from-brick-foodtown-another-hotel-proposed-on-rt-70","status":"publish","type":"post","link":"https:\/\/shorebeat.com\/brick\/2014\/09\/five-miles-from-brick-foodtown-another-hotel-proposed-on-rt-70\/","title":{"rendered":"Five Miles From Brick Foodtown, Another Hotel Proposed on Rt. 70"},"content":{"rendered":"
\"The<\/a>

The former Foodtown site off Route 70 in Brick. (Photo: Daniel Nee)<\/p><\/div>\n

A developer in Brick does not want a build a hotel on Route 70, while just five miles up the road in Wall Township, a plan to build a 199 room hotel is meeting opposition from neighbors in a high-end condominium complex.<\/p>\n

\u201cHe says he doesn\u2019t want to build a hotel there,\u201d said Brick Mayor John Ducey, of Jack Morris, who owns M&M Realty Partners with Joe Marino. Ducey said last week that he would act to terminate the agreement<\/a> with M&M.<\/p>\n

In early September, a subsidiary of Amboy Bank filed applications with Wall Township to build a 199 room extended stay hotel that would feature a conference room, fitness center and indoor pool, the Asbury Park Press reported last week<\/a>. The bank took over the property on which the hotel would be built, located near the intersection of Route 70 with routes 35 and 34, after its developer died shortly before the real estate crisis of 2008 emerged. About half of the planned 4,000 square foot, $1 million condominiums were built, and most of them are now worth hundreds of thousands of dollars less than they were during the real estate bubble, leading to the proposed hotel plan, the article said. The condominium residents who are already there, however, are attempting to block construction of the hotel.<\/p>\n

M&M holds the current redeveloper\u2019s agreement with Brick at the former Foodtown site off Route 70. In last week\u2019s termination announcement, Ducey said that he was seeking to end the agreement with M&M since the company had failed to meet several deadlines and make an escrow deposit. Since the agreement was forged between the township and M&M in 2010, the township-owned site has remained vacant, as well as a source of controversy with residents calling \u2013 sometimes loudly \u2013 for a taxable property to be built there.<\/p>\n

Does the Wall Township proposal breathe life into the idea that a hotel could work?<\/p>\n

\u201cThe redevelopment plan, as it stands now, calls for a hotel to be built there,\u201d said Ducey. \u201cIt has to be at least 100 rooms, but aside from that, the builder can put whatever he wants there.\u201d<\/p>\n

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What Should be Built at the Former Foodtown Site?<\/strong><\/p>