A new eight-story luxury condominium building in Long Branch is on track to open next fall, as its developer marks a construction milestone for the beachfront property.
Kushner Cos. has acquired two properties in Long Branch to complete an oceanfront corner assemblage alongside its Pier Village complex, brokers with The Kislak Co. Inc. said.
Four properties with a combined 100 apartments have changed hands in Long Branch and Asbury Park, following a set of transactions brokered by The Kislak Co. Inc.
Progress Capital Advisors has brokered a $9 million loan to help spur construction of a new 46-unit multifamily building in downtown Long Branch.
More than a decade after the debut of the landmark, mixed-use Pier Village complex, Long Branch has other developments under construction or in the pipeline along its oceanfront, including new luxury condominiums. And along Lower Broadway, a developer is in the midst of demolishing dozens of blighted properties, following the resolution of what had been a fierce legal battle over back taxes and entitlements. The demolition is now clearing the way for a mixed-use project that could begin to transform the downtown as soon as next year.
A private partnership has sold an 8,500-square-foot mixed-use building in Long Branch for just over $1 million, according to brokers with Marcus & Millichap.
South Beach at Long Branch is more than a year away from opening, but it has already helped fuel new momentum in one of the city’s key redevelopment zones.
Two multifamily properties in Asbury Park have changed hands for more than $9 million, one of three Jersey Shore-area deals arranged recently by Gebroe-Hammer Associates.