A rendering of Cornerstone at Seaside Heights, located at the corner of Bay Boulevard and Hamilton Avenue in Seaside Heights — Courtesy: Walters Group
By Joshua Burd
A new 91-unit apartment building in Seaside Heights is set to open in less than a year, developer Walters Group said, as construction continues on the age- and income-restricted project.
The builder said crews are now framing what will be known as Cornerstone at Seaside Heights, which sits at Bay Boulevard and Hamilton Avenue in the borough. Following the demolition of three aging buildings that occupied the site, Walters has completed underground utilities and is currently installing structural steelwork, plumbing, concrete curbing and sidewalk.
The project scheduled to be complete in February.
“Seaside Heights has a lot to offer,” said Ed Walters Jr., president and founder of the Barnegat-based firm. “It’s not just a popular summer destination; it’s also a community with individuality and small-town spirit.
“We see this development as a huge benefit to the borough and particularly the older population who wants to continue to live at the shore but may have been priced out of the market.”
Walters touted Cornerstone at Seaside Heights as the area’s only new construction development.
The building will include one- and two-bedroom units and will be open to adults over age 55 who do not make more than 60 percent of Ocean County’s median income.
The property will also incorporate high-end amenities, Walters said. While overlooking the bay and Casino Pier, residents will have access to outdoor space from an upper-level deck, private balconies on most units, a fitness center and community room, as well as planned activities.
As part of the development, Walters Group is pursuing LEED certification, short for Leadership in Energy and Environmental Design, as well as Energy Star status by incorporating features such as the use of recycled materials during construction and a close proximity to local retailers.
Demolition began last year on the three buildings that once stood on the site — a former Travel Inn Motel, Seaside Lumberyard and hardware store.