Luxury Condos Rise in Asbury Park Amid Flood Risks
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- Asbury Park sees million‑dollar condos rising just off its historic boardwalk, a shift from its blue‑collar roots.
- Seaside Park begins excavation for luxury homes at the edge of Island Beach State Park, expanding high‑end development.
- Jersey Shore continues a building boom despite sea‑level rise and sunny‑day flooding, as highlighted in the article.
Why it matters: Developers and affluent buyers gain lucrative waterfront property, while longtime residents and insurers face higher flood risk, rising insurance costs, and the erosion of affordable housing options.
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