The shovels are in the ground for a most ambitious housing project in Seaside Heights.  It's the first of it's kind in over 15 years and could be a strong indicator that the housing market in the Garden State is finally showing some signs of a positive recovery.

Seaside Heights Mayor William Akers is elated that a new community of single-family homes will be developed off of West Central Avenue, bordering Grant & Sherman Avenues. "This is a property that has  blighted our community for over 10 years.  The area was dilapidated and not maintained," Akers stated.

The developer for Island Beach Way, Steve Patron of Paradigm Realty Alliance, is offering 26 units, five different models, with either two or three stories.  Patron says, "We've created an open floor  plan that incorporates all that is important in a beach house.  There is also a unique two car allotment in the back of the house, accessed from a private driveway, to allow for off-street parking, so  we won't be taking up any valuable street parking."

The project is being financed by Amboy Bank.

Prices will start around $339,000 for their basic unit.  Patron calls that affordable, considering most properties located near the beach in other communities can run $600,000 or more.