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LITTLE SILVER: OFFICE BUILDING PLANNED

ls smith site 070615A warehouse-style office building is planned for the vacant lot on Willow Drive near Branch Avenue. Below, council members examining developer Ray Smith’s plans Monday night. (Photos by John T. Ward. Click to enlarge)

By JOHN T. WARD

LS council 070615After years of contamination, bankruptcy and idleness, one of Little Silver’s most troubled properties may finally be getting a makeover. But first, the owner wants a zone change.

A plan for a “warehouse-style” office structure to be built on Willow Drive by commercial real estate broker and developer Ray Smith got a warm reception from the borough council during the workshop portion of its meeting Monday night.

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July 7, 2015 - 8:00 am |

BUILDER PLANS TO RAZE TROUBLED CORNER

The former home of Wicker Rose furnishings, foreground, and the Texaco station at Willow Drive and Branch Avenue are slated for demolition, the new owner says. (Click to enlarge)

By JOHN T. WARD

You might call it the most accursed corner of Little Silver.

Once the location of four gas stations and other businesses, the juncture of Willow Drive and Branch Avenue has been beset by pollution problems and financial chicanery in recent years, with the result that a swath of its properties have sat idle and unproductive.

An attempt to auction off  a block of the properties two years ago bombed. Investors wanted nothing to do with them, said Ray Smith of the commercial real estate brokerage Stafford Smith Realty.

Now, however, Smith himself is ready to take a chance on redeveloping one stretch of the corner, he says.

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June 22, 2012 - 12:41 pm |

NO TAKERS FOR TAINTED PROPERTIES

ls-texaco-060710The former Hunter’s Texaco station and the onetime home of the Wicker Rose, in background, failed to attract any bids at a bankruptcy auction Tuesday. (Click to enlarge)

Three Little Silver properties put up for auction as part of the wind-down of the massive Solomon Dwek bank fraud case failed to attract a single bid Tuesday.

The adjoining properties — a former Texaco station, the former home of the Wicker Rose furniture store and a small house, all at the juncture of Willow Drive and Sycamore Avenue — have significant underground contamination issues resulting from fuel leakage from the filling station and other sources.

The absence of bids was “not exactly what we were looking for,” said Ray Smith, of Stafford Smith Realty, which managed the auction on behalf of a court-appointed bankruptcy trustee. “But in light of the environmental conditions there, it’s not a big surprise.”

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June 9, 2010 - 7:15 am |

SILVER LINING AT LITTLE SILVER CORNER?

wicker-rose-texaco-lsBoth the former Wicker Rose building,  foreground, and the abandoned Texaco station in the background have “substantial” environmental issues. (Click to enlarge)

Three adjoining Little Silver properties with the taint of fraud and pollution go on the auction block tomorrow.

The whiff of financial chicanery comes from their connection to Solomon Dwek, the Ocean Township real estate investor-turned-federal-informant, who acquired them as part of a massive $400 million real estate roll-up scheme studded with allegations of bank fraud. That was before Dwek agreed to wear a wire and bribe elected officials snared in a statewide public-corruption sweep last year.

The underground pollution is literally traceable to one of the three properties, a former Texaco filling station, as well as from other sources, says real estate marketer Ray Smith, whose firm will conduct the auction.

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June 7, 2010 - 10:54 am |
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