POINT PLEASANT BEACH — With demolition set to begin this week, a last-minute sale of the borough’s 113-year-old Gottlieb building on Arnold Avenue will preserve the historic structure.
“If there was no deal… it was literally getting torn down this week,” said mayor-elect Paul Kanitra, who announced the sale at a press conference outside the building on Tuesday.
Residents Steve and Sue Fisher purchased the Gottlieb building from developer Joseph Carannante for just under $1 million, they said, with plans for major restorations and creating a place to benefit the community.
The new owners said they plan to put at least another $1 million into renovations to restore the building.
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