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Wicker Rose Property Has a New Owner

Real estate investor Ray Smith of Stafford Smith Realty plans to develop the property for a low-traffic commercial use.

A property tied up in the Solomon Dweck bankruptcy estate has a new owner.

Commercial real estate investor Ray Smith of Stafford Smith Realty in Shrewsbury has purchased a long-vacant property near the Little Silver Train Station, according to a press release issued by the borough.

welcomed news of the sale and said he looks forward to seeing the project develop.

“Mr. Smith assured me he is interested in developing the property in a manner that fits in with the character of Little Silver, and that will take into consideration the property’s location near a busy intersection,” he said.

The property, consisting of a long-defunct gas station, a retail building formerly housing the Wicker Rose, and a small house, was purchased by Smith’s 1 Sycamore, LLC.

Smith is looking to develop the property for a low-traffic commercial use, such as a retail establishment or a bank, according to the press release.

“We’ll be mindful going forward of the concerns that any proposal such as this raises,” Neff said in the release. “But the sale to Mr. Smith, a long-time local resident who knows the area, is a good step forward toward revitalizing this property in a manner that will benefit Little Silver.”

Neff has been advised that the former Exxon Station across the street from the property is also expected to reopen, perhaps as early as July, after being purchased by a company that buys and reopens closed service stations.

Smith said he does not expect to develop the property with a residential component, since the environmental cleanup required for residences would be too expensive. He anticipates razing the current buildings, all of which are vacant.

S Talarico June 22, 2012 at 02:06 AM
FINALLY. That corner has been a mess for some time. Looking forward to the change.
Shannon K. Winning June 22, 2012 at 10:33 AM
You said it Talarico, FINALLY. Very interested in seeing what happens here.
Beth June 22, 2012 at 11:08 AM
Glad I won't be living in the "slum" area of Little Silver for much longer! :) ...but be careful what you wish for! Hope whatever it is is a success for everyone involved.
rosemary sternbach June 22, 2012 at 02:18 PM
Gas station re-opening will cause more traffic in an already jammed up area
Kathy Screen June 26, 2012 at 03:14 PM
FINALLY!! My kids can stop asking me when someone is going to clean up that area! So glad to hear that intersection will be improved, but I'm not thrilled with the gas station re-opening.


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