1201 Memorial Drive is an approved multifamily development site in Asbury Park, New Jersey (Block 203, Lot 5), planned for 126 residential units with ground-floor retail. The program includes 100 market-rate and 26 affordable units, 131 indoor parking spaces, and about 1,927 SF of ground-floor retail across three bays. The site sits in a Redevelopment Zone where the proposed mixed residential/commercial use is permitted. The City of Asbury Park Planning Board granted Preliminary and Final Major Site Plan approval on July 21, 2025, memorialized September 8, 2025 (Resolution PB-2025-01). The property is in Asbury Park near downtown and the city’s waterfront and boardwalk district.