Episode 95 - Pat Fasano, Real Estate Developer, Restauranteur

Patrick Fasano has over forty years of real estate development experience. It all started in 1974 while he was working at his first restaurant job in New Brunswick. With the savings he earned, Patrick began buying boarded up houses and renovating them. He even rented these single and multi-family homes to the staff that worked alongside him in the restaurant. The owners of the restaurant eventually invested in Mr. Fasano to begin his first business, Reliable Properties. What followed were many successful development projects across the US. Fast forward to 1998 when Pat acquired his first building in Asbury Park on Bangs Avenue. The first floor of this building he donated to the gay & lesbian community, and the 2nd floor was converted into apartments to provide housing for his contracting employees as they began rehabbing more buildings throughout the beachfront city. Over the past 15+ years Mr. Fasano has focused on developments in Asbury Park. In the past decade he built over two hundred condominium units for sale with a market value of over $50 million. Additionally he built a number of commercial spaces and restaurants such as Brando’s, The Asbury Lanes, The Wonder Bar, Plaza Tapatia, The Bond Street Complex, and Passion as well as 12 storefronts on Cookman & Mattison Avenue. We were fortunate enough to catch up with Pat for a live podcast and walking tour of his latest passion location, Atlantic City. Pat literally shouted his love for this City from the streets as we toured his development on the New York Avenue portion of the Orange Loop, home to Bourre, a New Orleans style restaurant, the home of a shipping container style hotel with 40 rooms, and a CBD dispensary along with 12 apartment units that were currently under construction. Pat has a contagious passion for his projects, which is evident in this quick interview. Perhaps most interesting in this episode is Pat's response to the question about the approval process in Atlantic City with respect to his extensive plan on New York Ave. Be on the look out for Part 2 as we look to sit down with Pat in the studio for a more extensive conversation soon!