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Eustace Mita

Business
Massive Hotel Proposed To Replace Shuttered Jersey Shore Amusement Park: Reports Massive Hotel Proposed To Replace Shuttered Jersey Shore Amusement Park: Reports
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…

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by Chris Spiker
Business
Ocean City Mayor Opposes $150M Luxury Beachfront Resort Proposed By His Own Business Partner Ocean City Mayor Opposes $150M Luxury Beachfront Resort Proposed By His Own Business Partner
Ocean City Mayor Opposes $150M Luxury Beachfront Resort Proposed By His Own Business Partner A $150 million luxury hotel proposed at the Jersey Shore does not have the support of the city's mayor — even though it was proposed by his own business partner. The Icona Resort was proposed by Eustace Mita at last week's Ocean City Council meeting. Mita is a partner of Mayor Jay Gillian's Wonderland Pier, which is located right next to the would-be resort. Artist's rendering of the proposed Ocona Ocean City resort hotel overlooking the beachfront.Icona Resorts/DAS Architects via Ocean City Council Meeting "After consideration of the ICONA presentation to City Council at their February…

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by Jon Craig
Business
$150M Luxury Beachfront Resort Proposed In Jersey Shore Town $150M Luxury Beachfront Resort Proposed In Jersey Shore Town
$150M Luxury Beachfront Resort Proposed In Jersey Shore Town A $150 million luxury hotel has been proposed near the Ocean City Boardwalk. Icona Resorts' massive eight-story hotel proposed for a plot of land between Ocean City High School and the beachfront would feature 325 rooms, a pool overlooking the boardwalk, upscale shops and more. An artist's rendering of a plaza in front of the proposed Icona Ocean City resort hotel.Icona Resorts/DAS Architects via Ocean City Council Meeting The artist's renderings of possible variations on the project were presented to the City Council on Thursday, Feb. 23.  Icona would need to acquire a city-owned park…

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by Jon Craig
News
Luxury Resort May Hit Public Barriers Redeveloping Historic Cape May Theatre Into Hotel: Report Luxury Resort May Hit Public Barriers Redeveloping Historic Cape May Theatre Into Hotel: Report
Luxury Resort May Hit Public Barriers Redeveloping Historic Cape May Theatre Into Hotel: Report Luxury resort owner Icona wants to build Cape May's first new hotel in half a century, NJ Advance Media reports. Icona, which owns five resorts along the Jersey Shore, is trying to redevelop a former Cape May theater into a new seven-story luxury hotel, but the developer faces some opposition to streamlining the approval process as the proposal for a $150 million, 160-room hotel along with shops and three restaurants has stirred up some local controversy, the outlet says. The developer wants the property declared a redevelopment site, meaning Icona would work directly with the city council …

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by Jon Craig