Belmar Blocks 13 and 14 Under Contract

Belmar Block 14: Still a Vacant Lot as of 2012

Belmar's Block 13 and Block 14, which sit at the intersection of S. Saulsbury St. and W. Virginia Ave., are under contract, according to the website of brokers Moran and Company.

I looked into this after noticing yellow and orange flags on the property (showing the location of underground utility lines?) and a drilling rig taking a core sample of the property.

Does this mean that development of these parcels in coming soon?

Well, I don't know, because it turns out that it's not just Block 13 and Block 14 that are for sale. Both parcels are listed in combination with the Belmar II apartment complex at 7133 W. Virginia Ave. If the sale goes through, let's hope that the buyer is interested in developing both Block 13 and 14 in short order, and not just acquiring the existing apartments.