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Friday, nov 22
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Construction
Business
Massive Hotel Proposed To Replace Shuttered Jersey Shore Amusement Park: Reports
A developer is planning to bring a new purpose to a shuttered and iconic amusement park on the Ocean City boardwalk, according to reports. Wonderland Pier owner Eustace Mita said he wants to create a 252-room hotel on the site of the theme park that closed in October, abc6 Action News reported. Mita is also the developer and CEO of ICONA Resorts. The $135 to $155 million proposal would preserve Wonderland's famous Ferris wheel and carousel. "Our thought was we will rehab it, keep it, and actually raise it by 10 feet," Mita told abc6. "That will be a $1.5 million project." A renderi…
Business
Monmouth Mall To Open First New Store Amid $500M Redevelopment
The first store at a revamped Monmouth Mall is about to open, officials said. The new Barnes & Noble location in Eatontown will open on Wednesday, Nov. 20, the bookstore chain said in a news release. The previous store closed about two weeks before the new location's opening. The new space is a few hundred yards away from Macy's. "We are very pleased to be opening this beautiful new bookstore here in Eatontown," Barnes & Noble CEO James Daunt said. "The Eatontown booksellers have gone above and beyond to have this new space ready so soon after closing the previous location, and jus…
Police & Fire
NJ Construction Business Owner Who Owes $1.3M+ In Taxes Admits To Evasion Scheme: Feds
A New Jersey construction company owner admitted to using his personal bank account to evade more than $1.3 million in taxes, authorities said. Alain Rodrigues, 49, of Old Bridge, pleaded guilty on Thursday, Aug. 1 to tax evasion and failure to collect and pay over taxes, New Jersey's U.S. Attorney Philip Sellinger said in a news release on Tuesday, Aug. 6. Rodrigues owned and operated a construction company in Old Bridge and Newark. According to court documents and statements, Rodrigues deposited some customers' payments into a business bank account and converted the ba…
Business
$18.5M Aerospace Innovation Center Planned Near Atlantic City International Airport
A new facility near the Atlantic City International Airport focusing on aerospace innovation will be the first of its kind in New Jersey, officials said. The $18.5 million Aerospace Innovation Center (AIC) will be built in the National Aerospace Research & Technology Park (NARTP) in Egg Harbor Township, Gov. Phil Murphy announced in a news release on Tuesday, June 11. It will be the state's fifth strategic innovation center and the first dedicated to aerospace. The AIC will have space for aerospace research, high-speed connectivity with the data systems and labo…
Real Estate
$8.6M Six-Bedroom Bayfront Home With Private Beach Under Construction Along Jersey Shore
A luxury home worth more than $8.5 million is being built along the bayfront of Seven Mile Island in Cape May County. According to a Realtor.com listing from Compass Real Estate, the six-bedroom, eight-bathroom home is for sale for $8,595,000. The 9,000-square-foot property is at 4277 Fifth Avenue in Avalon, along Yale Harbor lagoon. The 5,700-square-foot home is expected to be finished in 2025 and is designed by the architecture firm Asher Slaunwhite + Partners. "This is hands down one of the most unique bayfront homes to ever hit the market on Seven Mile Island," the listing said. "…
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