K. Hovnanian Homes to Pitch 44-Unit Development in Asbury Park

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New Condo Development Asbury Park Aegean
K. Hovnanian Homes is proposing two new condo developments in Asbury Park. Rendering by MVMK Architecture.

One of the more prominent multi-family housing builders in the Garden State is looking to expand its footprint with a new project just a few blocks from the Atlantic Ocean.


Matawan-based K. Hovnanian Enterprises, who just started pre-sales on their nearby The Cove development, already have their next Asbury Park project lined up. The company has put together a plan that would revitalize two vacant parcels of land totaling about 0.8 acres at the addresses of 216-218 Third Avenue and 251-219 Second Avenue.

New Condo Development Asbury Park Aerial Of Property
Aerial view of the vacant parcels along Second and Third avenues in Asbury Park. Image via Google Maps.

The pair of properties front Bergh Street and are separated by a single-family home, which would remain under the proposal. The plan would subdivide the land to create The Baltic and The Aegean, which would both span three stories over garage parking and rise just over 48 feet.

New Condo Development Asbury Park Baltic And Aegean
The Baltic and The Aegean will be separated by an existing single-family home. Rendering by MVMK Architecture.

Designed by Hoboken-based MVMK Architecture, The Aegean component would rise on the Second Avenue property and sport 27 condominium units. The Baltic, to occupy the Third Avenue parcel, would be home to 17 condos. Both buildings would include a mix of unit sizes ranging from one bedroom to three bedrooms, with spaces spanning from 750 square feet to over 1,362 square feet.

New Condo Development Asbury Park Full Project From 2nd Ave
The full project view from Second Avenue, Asbury Park. Rendering by MVMK Architecture.

The below-grade parking at The Aegean would consist of 42 spaces, while plans for The Baltic include 27 spots for cars. Both buildings have plans for a communal rooftop deck feature accessed via a mezzanine floor, with The Baltic also set to house an indoor community room.

New Condo Development Asbury Park Baltic
The Baltic, Asbury Park. Rendering by MVMK Architecture.

Highlights of the proposal’s design include strong geometric lines, large vertical windows, and open floor plans. The development strives for a clean and modern appearance characteristic of newer coastal architecture, planning to use materials like beige Hardie panel board, cast iron concrete, and metal balconies on the exterior.

New Condo Development Asbury Park Baltic From 3rd Ave
The Baltic, Asbury Park. Rendering by MVMK Architecture.

Fresh sidewalks are to be built and new street trees are to be planted under the proposal, which represents a potential $27 million investment according to a report submitted to the city by K. Hovnanian. The developer is not asking for any deviations or waivers from the Waterfront Redevelopment Plan that the property falls within.

New Condo Development Asbury Park Site Plan
Site plan for The Baltic and The Aegean in Asbury Park by MVMK Architecture.

The development’s application was scheduled to be heard by Asbury Park’s planning board during a special session on August 2, but that meeting was abruptly cancelled. A future date when the proposal could be heard has not been announced.

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