Prime Retail Opportunity in Long Branch, NJ
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Prime Retail Opportunity in Long Branch, NJ
print 3 colors:
type: Cool Gray 11C
icon:
wave 1: 70% x PMS 278C
wave 2: PMS 279C
cl gy 11C 279 278 278 (70%)
170,000 SF 492 245 193 Retail Rental Condos Keys Across 2,000 Linear Feet of Oceanfront Luxury Apartments Luxury Residences Hotel Rooms
Transit
New York City
M A N H AT TA N
NJ TRANSIT
SEASTREAK FERRY
50 Min by Ferry 1 Hr by Car 72 Min by Train
B RO OK LY N P H I L LY
55 Min by Car 90 Min by Car
JERSEY CITY
Long Branch 72 Min by Ferry 45 Min by Car 1 Hr by Train
35
The Shore F R E E H O L D RAC E WAY M A L L
40 MIN DRIVE
NJ TRANSIT
Colts Neck
H H I : $ 2 4 7, 0 0 0
25 MIN DRIVE Shrewsbury THE GROVE Red Bank
PREMIUM OUTLETS H H I : $ 1 7 7, 0 0 0 18 MIN DRIVE
H H I : $ 1 3 9,0 0 0
I N T I N T O N FA L L S
27 MIN DRIVE 17 MIN DRIVE 18 MIN DRIVE
SHREWSBURY PLAZA
18 MIN DRIVE
35
MONMOUTH MALL
little Silver
17 MIN DRIVE
Asbury Park HHI: $216,000
16 MIN DRIVE
HHI: $102,828
18 MIN DRIVE
Deal
NJ TRANSIT
MONMOUTH
HHI: $141,000
MONMOUTH
UNIVERSITY
8 MIN DRIVE
RACE TRACK
11 MIN DRIVE Rumson
12 MIN DRIVE HHI: $130,000
MONMOUTH MEDICAL
5 MIN DRIVE
15 MIN DRIVE
Long Branch
HHI: $116,000
Monmouth Beach
HHI: $14 0,000
7 MIN DRIVE
A
Regional EXISTING IN DEVELOPMENT
Development
1
1. B E AC H F RO N T N O RT H CO N D O S A . 3 1 0 O C E A N AV E N U E
B 180 CO N D O S 57 CO N D O S
2 . O C E A N P L A C E R E S O R T & S PA B . C O O P E R AV E N U E
256 K E Y S 1 6 9 A PA R T M E N T S
3 . B U N G A L O W H OT E L C . B R O A D WAY P L A C E
C 24 K E Y S 5 9 7 A PA R T M E N T S
2
95,600 S F R E TA I L
D
4. P I E R V I L L AG E I+I I
4 9 2 A PA R T M E N T S D. P I E R P L A C E
130,000 S F R E TA I L 2 3 2 A PA R T M E N T S
3
60,000 S F R E TA I L
4 5 . WAV E R E S O R T
67 K E Y S E. PIER VILL AGE III
245 CO N D O S
E 5 6 . WA S H I N G TO N M A N O R A PA R T M E N T S 50,000 S F R E TA I L
1 0 0 A PA R T M E N T S
F
F. T H E L B R E S O R T
6 7 . M A R I N E G A R D E N S A PA R T M E N T S 101 K E Y S
NJ TRANSIT 7 2 4 A PA R T M E N T S
8 G . 286 - 2 9 0 O C E A N AV E N U E
8 . O C E A N P O I N T E TO W E R S A PA R T M E N T S 33 CO N D O S
G
TOTA L S 1 5 1 A PA R T M E N T S
H . 3 5 0 O C E A N AV E N U E
9
9. O C E A N V I E W V I L L A S CO N D O S 47 CO N D O S
print 3 colors:
type: Cool Gray 11C
icon:
wave 1: 70% x PMS 278C
wave 2: PMS 279C
H
cl gy 11C 279 278 278 (70%)
28 CO N D O S
1 ,279 U N I T S - E X I S T I N G I . 3 4 5 O C E A N AV E N U E
I 1 0 . S E A V E R G E A PA R T M E N T S 4 0 A PA R T M E N T S
1 ,4 2 0 U N I T S - D E V E L O P M E N T
1 2 5 A PA R T M E N T S
10 11. T H E A N C H O R AG E CO N D O S
1 3 0 , 0 0 0 S F R E TA I L - E X I S T I N G 90 CO N D O S
205,6 0 0 S F R E TA I L - D E V E L O P M E N T
1 2 . O C E A N V I E W TO W E R S C O N D O S
11 27 CO N D O S
3 4 7 H OT E L K E Y S - E X I S T I N G 12
13. O C E A N P L A Z A CO N D O S
1 0 1 H OT E L K E Y S - D E V E L O P M E N T 62 CO N D O S
13
The renowned shopping, recreation, and
culinary destinations that define Pier
Village are nestled between the Atlantic
Ocean and a NJ Transit station that brings
visitors directly from NY Penn Station.
R E TA I L
lululemon
Gold’s Gym
AT&T
Charleston Shoes
Winz Market FOOD & BEVERAGE
Molly & Zoey Playa Bowls
Coney Waffle
McLoone’s Pier House 1,420
448 Turning Point
Tony Boloney’s
New Residential Units
in Development
Hotel Keys in Long Branch
Le Club Avenue
Sirena
R E C R E AT I O N
Ice Rink at the Pier
Carousel
Boardwalk Fun N’ Games Arcade
Spring Kite Festival
Fresh Market
Movies & Concerts at the Pier
1,300,000
June & July Visitors
Summer
Autumn
Spring
Winter
$665 This summer, the Shore opened its doors to several record-breaking resorts, including Asbury Ocean Club in Asbury Park, Wave Resort & Spa at Pier Village, Peak ADR and Hotel LBI in Beach Haven. These add to the resort at Wave Resort of iconic Shore hotels, such as Bungalow Hotel at Pier Village and the Asbury Hotel.
65%
of Condominiums
Sold Pre-Built
245 oceanfront luxury condominiums
have been introduced to Pier Village by
our partner and premier condominium
developer, Extell. Pier Village has also
become a go-to location for beachside
leasing. Our high-end rental residential
community offers all-inclusive
amenities, such as concierge service, in Partnership wtih
free beach parking, an outdoor pool,
bike racks, and ocean views.
F U T U R E H OT E L D E V E L O P M E N T
A 10 2 - K E Y | S P R I N G 2 0 2 1
WAV E R E S O R T
B 6 7- K E Y
B U N G A L O W H OT E L
C 2 4- K E Y
D
CONDOS UNDER DEVELOPMENT
2 4 5 U N I T S | Q 1 202 0
E
R E S I D E N T I A L R E N TA L U N I T S
2 4 5 U N I T S | Q 1 202 0
F
FIVE POINTS RESIDENTIAL
R E N TA L U N I T S
2 9 0 U N I T S | Q 4 202 1
G
E X I S T I N G R E TA I L
13 0 , 000 S F
P V I I I R E TA I L U N D E R D E V E L O P M E N T
H 5 0 , 000 S F | Q 1 2020
B R O A D WAY P L A C E R E TA I L U N D E R
I DEVELOPMENT
9 9 , 500 S F | Q 4 2021
PIER PL ACE UNDER
J DEVELOPMENT
P PA R K I N G
E X I S T I N G R E TA I L
BUZZBAIT OCEANFIRST BANK
EBB’S C H A R L E S TO N S H O E C O.
10 0 O C E A N S I M P LY G R E E K
BRANCH BURGER SUGAR POP
O R I L L A’ S TA C O SUNDA ZE
H OT M E S S WISH
TURNING POINT M O L LY & Z O E Y
P L AYA B O W L S C O N E Y WA F F L E
SMILEY’S CORNER CAFE
THE LOF TS AT & T
LULULEMON GOLD’S GYM
ART OF SAL AD WINZ MARKET
TO N Y B A L O N E Y S B O A R D WA L K F U N ‘ N G A M E S
BEACH HOUSE THE WINE LOF T
7-E L E V E N SIRENA
S T E WA R T ’ S AV E N U E
R O C K Y M O U N TA I N MCLOONE’SME
5
5
LR
6
4
7
OS
8 9 4
6
ET
10 11 12
3
7 13 3
ER
8
9 14
10
RA
2
15
11 16 2
12
GE
17
13 18
1
14
15 19 1
16
OCEA 17
1 1, 3 10 S F | 2 5 ’ F R O N TA G E 11 2 , 10 0 S F | 2 4 ’ F R O N TA G E
N AV E 18
2 1, 2 3 0 S F | 2 5 ’ F R O N TA G E 12 2 , 10 0 S F | 2 5 ’ F R O N TA G E NUE 19
3 1, 2 3 0 S F | 2 5 ’ F R O N TA G E 13 2 , 10 0 S F | 3 5 ’ F R O N TA G E
20
4 1, 8 5 0 S F | 2 5 ’ F R O N TA G E 14 1, 5 0 0 S F | 2 5 ’ F R O N TA G E
20
5 1, 8 70 S F | 2 5 ’ F R O N TA G E 15 1, 6 40 S F | 2 5 ’ F R O N TA G E
6 5,590 S F | 1 1 0’ F R O N TA G E 16 1, 73 0 S F | 2 5 ’ F R O N TA G E
7 1, 6 5 0 S F | 2 5 ’ F R O N TA G E 17 1, 70 0 S F | 2 5 ’ F R O N TA G E
8 1, 6 5 0 S F | 2 5 ’ F R O N TA G E 18 1, 6 9 0 S F | 2 5 ’ F R O N TA G E
9 1, 6 5 0 S F | 2 5 ’ F R O N TA G E 19 3,260 S F | 5 0 ’ F R O N TA G E
10 1, 70 0 S F | 2 5 ’ F R O N TA G E 20 4, 2 5 0 S F | 2 0 0 ’ F R O N TA G E1,300,000
June & July Visitors
448 $2M+
Hotel Keys in
Long Branch in Beach Badge
Sales
1,420
New Residential Units
in DevelopmentElectric Retail Molly & Zoey SUNDAZE
Kushner Cos.' Wave Resort: Inside Long Branch luxury hotel that
opens Memorial Day weekend
LONG BRANCH - Kushner Cos.' new
beachfront luxury hotel Wave Resort will When Sam Hernandez met his wife in does not represent the hotels or Asbury oceanfront Wave Resort, along with
have its grand opening Memorial Day 2010, he had never been to the beach in Lanes.) its five boardwalk restaurants. Kushner
weekend, according to an announcement New Jersey. has also started work on a third hotel
from its marketing team. But the Asbury Ocean Club, their new
and another 70,000 square feet of retail
Born and raised in Bushwick, Brooklyn, property, displays a level of high design
Construction of the six-story, 67-room that does not have much to do with with Extell that Kushner will own. Extell
he’d always associated the Jersey Shore is developing additional luxury condos
hotel started in January 2018 as part the working-class town that Bruce
with the tan-and-party lifestyle of the
of a $283 addition to Pier Village, one Springsteen made famous. above the new retail component and
MTV reality show. But his soon-to-be-
of the marquee attractions at the city's commissioned a carousel on the restored
wife, a New Jersey native, insisted he visit. The complex houses a boutique hotel
beachfront. See the groundbreaking in boardwalk this July.
on the fourth floor and 13 floors of
the video lower in this story. Once he was there, he was pleasantly condos, including the one Mr. Miller
surprised. bought. Interiors have an airy, modern Before Pier Village, this stretch of
The addition includes condominiums that look. oceanfront in Long Branch sat
cost as much as $2 million and a new “I felt at home in Asbury Park because abandoned since a fire in 1987 had
boardwalk promenade plus carousel. it had a feeling of Brooklyn about it,” The only nod to the city’s grittier identity destroyed the town’s pier. It was a far cry
Kushner Cos. and its partner Extell he said. “It had some grit, it had some is in the lobby bathrooms, where there from the late 1800s, when seven United
Development are doing the addition. artiness to it, it had some edge. But it also are images of tattoos on the stall doors.
States presidents spent their summer
That, and the ability to see and hear
had something beautiful about it.” vacations there.
Kushner Cos. is expecting to draw some the outdoor shows at the Stone Pony
of its clientele from New York City and is Summer Stage a block away from the
Now Mr. Hernandez, a 41-year-old
marketing the resort's accessibility from pool deck. Now, however, the stretch is home to
consultant and entrepreneur, regularly
the city by way of NJ Transit, which links shiny new condos, a glitzy members-only
takes his family to visit Pier Village, an
New York's Penn Station and Long Branch “We’re bringing luxury that you usually beach club, and several restaurants.
oceanside complex in Long Branch, 15
by rail. find in Manhattan and Miami, that
minutes north of Asbury Park, staying
has not been seen before in a city like Some locals in Asbury Park and Long
either at the Bungalow Hotel there, or the
The rates for a single night start at $545, Asbury Park,” says Brian Cheripka, master Branch, however, are wary of all the new
newly opened Wave Resort.
according to LFB Media Group or LFB, developer of the Asbury Park waterfront
developments in their towns.
which is marketing the hotel for Kushner House rentals are increasing as well. for iStar.
Robert Miller, 42, a Manhattan resident
Cos. who runs a travel agency, recently bought According to Airbnb, there were more Jenn Hampton, 44, opened her first art
than 6,300 guest arrivals at the Jersey There has been an effort to support the
a condo at the new Asbury Ocean Club, gallery in Asbury Park in 2006, turning
Long Branch stands to gain hotel Shore over Memorial Day weekend, up existing community. In 2016, David Bowd,
a luxury hotel and residential building in it into Parlor Gallery in 2009, which is still
occupancy taxes from room rentals, from about 4,800 arrivals from last year. chief executive of Salt Hotels, opened a
Asbury Park. open today.
which can be used as revenue for the city’s hospitality school, called Salt School.
budget, city officials said. The city collects “I’ve been to the Hamptons, I’ve been to “I feel like in the Hamptons, you’re
a 3% municipal tax on each room rental, Today, according to Salt Hotels, more “A decade ago, you could find many
Hudson Valley, and I just definitely know either at a pool party or you’re sort of
according to city statute. secluded, but on the Jersey Shore, you than 90 percent of the 500-plus galleries, alternative art spaces and art
I’m a Jersey Shore person,” Mr. Miller said.
have the boardwalks,” Mr. Miller said. “So graduates are employed at the group’s happenings,” Ms. Hampton said. “We
“The Asbury Ocean Club is like New York
The Wave Resort is one of two hotels everybody comes to the boardwalk at three Asbury Park properties and most of had more artists living and working here
meets the beach.”
owned by Kushner Cos. at the beachfront. night to go to the restaurants and shops the graduates come from Asbury Park or and more creative types visiting and
The other is the 24-room Bungalow and hear music; everyone’s convening surrounding towns. contributing.
Mr. Hernandez and Mr. Miller are part
Hotel. Kushner Cos. is also approved for of a growing number of New Yorkers together.”
a third hotel, the 102-room Onada Surf In Long Branch, construction has been
who are spending the summer on the “Since Asbury Park is now more
Club, which will be adjacent to the Wave Slowly, however, these beach towns are going on for decades in an effort to
Jersey Shore because of its proximity to mainstream, the makers seem to be
Resort. upping the ante on luxury developments. revive the city. Today, most of it is being
the city, its welcoming vibe, and most And although the new hotels and displaced and replaced by consumers. It
overseen by Kushner Companies, which
recently, its growing number of upscale businesses take inspiration from the is certainly bittersweet; it seems to be the
Wave Resort features was founded by Charles Kushner, the
accommodations. Developers have boardwalk, where everyone is welcome, oldest story in the world.”
The resort is being marketed as a “world- father of Jared Kushner, senior adviser to
noticed. they are setting a more exclusive tone.
class oasis.” See renderings of the hotel in President Trump and his son-in-law.
the photo gallery at the top of this story. In Long Branch, many longtime
This summer alone saw five hotel In 2016, when the developer iStar and
In 2014, a partnership of Kushner residents are happy to keep the Shore
openings or expansions in the area, the hotel operator Salt Hotels opened
All rooms have private walk-out balconies the Asbury Hotel and Asbury Lanes, Companies and Extell Development to themselves. Recently at Le Club, the
all high end, including the brand-new
and wall-to-wall windows. The resort’s a bowling alley and music venue, they Company bought Pier Village. At the members-only establishment, a woman
Hotel LBI on Long Beach Island and the
amenities include seven new restaurants made sure to keep the cultural energy time, Pier Village already offered luxury shushed a man for talking too loudly.
recently reopened Seaview, A Dolce
and bars, an outdoor pool deck with fire boardwalk coffee shop, swim-up pool bar to LFB, is a 7,125-square-foot indoor- named High Crest, offers a 360-degree of Asbury Park at the forefront, said Gail apartments, retail shops, restaurants, and
Hotel in Galloway, following an $18 million
pits, spas and a fitness center. and a hybrid burger-and-taco shop. outdoor event space on the sixth floor view of Pier Village, the boardwalk, and Schoenberg, a publicist who spends time the Bungalow.
renovation. A member replied: “If you want quiet, go
beneath the hotel’s wave-shaped rooftop. an ocean-facing bar and wrap-around on the Shore. (Ms. Schoenberg works
to the Hamptons!”
The food and beverage choices include a The resort’s “crown jewel,” according The glass-enclosed top-floor space, alfresco terrace. with other restaurants in the area but This summer, Kushner built theCONTACT EXCLUSIVE AGENTS
MAX SWERDLOFF A L I S O N “A L I ” H O R B A C H M I C H A E L RAW L I N S PETER RIPKA
max@raeleasing.com ahorbach@ripconj.com mrawlins@ripcony.com pripka@ripcony.com
212-527-7025 201-777-2303 201-362-4442 212.750.6565
print 3 colors:
type: Cool Gray 11C
icon:
wave 1: 70% x PMS 278C
wave 2: PMS 279C
cl gy 11C 279 278 278 (70%)You can also read
