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Monday, nov 4
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Real Estate Development
Politics
Meet Andy Kim, Curtis Bashaw: NJ Politicians Vying For Menendez's Former Seat
Rep. Andy Kim, D-NJ and Curtis Bashaw, a business owner, are running for Sen. Bob Menendez's old senate seat after the disgraced senator resigned following his conviction on felony corruption charges. Here's a little bit about the two candidates: Kim has represented New Jersey's 3rd congressional district since 2019. He jumped into the race upon Menendez's indictment and fended off a challenge from First Lady Tammy Murphy, whose campaign struggled, forcing her to drop out before the primary. Kim's lasting impact in the race may be upending New Jersey's controversial "line" system. A j…
Real Estate
Luxury Hotel Replacing 3 Motels In Jersey Shore Borough Long-Reputed As Party Town
A Jersey Shore town that gained a reputation for being one of the best places to party while down the shore is getting a rebrand. And it's in part due to a luxury hotel set to replace three of the motels in Seaside Heights that haven't exactly been helping the family-friendly atmosphere. In a 6-0 vote last month, Seaside Heights council members approved the designation of a Boston-based redeveloper for the hotel, to be built on the Lincoln Avenue and Ocean Terrace lots where Dry Dock, Glendale, and Surfside motels currently stand. The firm, 6M Development, shared a brief description of the…
News
Fate Of NJ Funeral Home Listed For $750K Raises Fears Among Locals
A concerned group of citizens in a quaint South Jersey town is hoping to change the fate of a shuttered funeral home steeped in history that's been put up for sale. The house at 334 Chester Ave., in Moorestown dates back to 1886, and was most recently the Lankenau Funeral Home. The funeral home sold the property to developers in 2022 for approximately $650,000, then, the developer subdivided the property and sold off a half-acre for a new home. The funeral home and an acre-and-a-half of land is what remains, and is listed at $750,000 on Zillow. "We're trying to preserve the…
Business
$500 Million Open-Air Redevelopment Of Monmouth Mall Begins
A more than $500 million project to transform a Monmouth County mall into an open-air town center has officially begun, officials said. A groundbreaking ceremony was held on Thursday, May 9 at the Monmouth Mall in Eatontown, developer Kushner said in a news release on Monday, May 13. The mall will be redeveloped into a modern center with luxury apartments, new retail options, and medical office space called Monmouth Square. Kushner said the project to "de-mall" the property off Route 35 will bring a new purpose to the historic Monmouth Mall, which has been open for 64 years. …
Business
NJ Mall Is Getting Major Overhaul Complete With Luxury Apartments, Outdoor Entertainment Space
A major redevelopment of Monmouth Mall is about to begin, transforming the shopping center into luxury apartments, new retail options, and a town center. The developer, Kushner — with headquarters in Florham Park and New York City — is planning to convert the 64-year-old mall on Route 35 in Eatontown into a large attraction called Monmouth Square. Kushner's chief development officer Michael Sommer said the redevelopment will turn the mall inside out by tearing down indoor halls to create an open-air concept, with demolition set to begin in March. The intent is to …
News
$2.7B Project Will Turn Old Atlantic City Airport Into Formula 1 Racetrack
A $2.7 billion development project is set to turn an old Atlantic City airport into a Formula 1 racetrack with condos and stores, officials said. Atlantic City Council gave the go-ahead, by an 8-0 vote, to the project to redevelop Bader Field during a meeting on Wednesday, March 22. Mayor Marty Small Sr. held a ceremony to sign the Memorandum of Understanding with the project's developer, DEEM Enterprises LLC, at Bader Field on Thursday, March 23. "Not only is it a great day, it's a historic day," Small said. "This has been a long time coming." It will give taxpayers relief, and redu…
News
Atlantic Club Casino To Be Developed Into Luxury Condominiums: Reports
A vacant property previously known as a popular boardwalk hotel will be developed into luxury condominiums, NJ Advance Media reports. Rocco Sebastiani, the president of Colosseo Atlantic City Inc. — the New York investment and construction firm that owns the Boardwalk property— told the outlet that plans to convert the former casino at 3400 Pacific Ave. into high-priced residences are in motion. Last known as the Atlantic Club Casino Hotel, the popular boardwalk destination shuttered more than eight years ago. The property has eight current tax liens against it, Atlantic City spokesperson …
Police & Fire
NY Developer Agrees To Pay $670K In Liens, Taxes In Burlington County: Prosecutor
A NY developer's five-year prison sentence has been suspended in exchange for paying off $670,000 in liens and unpaid taxes in Burlington County. The payments came in conjunction with the sentencing on Wednesday, April 6 of Raphael S. Weiss, 61, of Brooklyn, on charges of forgery and computer-related activity in exchange for a suspended five-year prison sentence, according to Burlington County Prosecutor Scott Coffina. The developer purchased a historic Riverside Township commercial building to create luxury apartments. He has transferred ownership of the property under his sentencing agree…
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