
On the heels of its first move-ins this January, Extell Development Company’s first New Jersey project has reached a significant sales milestone. The Lofts Pier Village, an oceanfront condominium at the Jersey Shore beach town of Long Branch, is now 75% sold.
“Today’s buyers are looking for not just any summer homes but, light-filled, spacious, year-round residences that offer private outdoor space and great indoor and outdoor amenities,” said Moshe Botnick, VP of Development at Extell. “Our tremendous sales success is a testament to a high-quality luxury product set against the amazing backdrop of the Jersey Shore.”
He added that the development is paired with a 30-year tax abatement program, “which significantly reduces carrying costs.”
The Lofts Pier Village is the centerpiece of a large-scale renovation to the Long Branch oceanfront. The revitalization initiative also includes The Wave Resort, a boutique luxury hotel built by Kushner Companies.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
ConnectCRE.com
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Content Marketing
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.