The Atlantic Club
Update
12/17/24
Devs Land $214M Loan for Luxury Beachfront Condo Project
Joint developers, Stillman Development International, Surrey Equities, and Gotham City Real Estate, have secured a $214 million loan for a 9-story, beachfront residential development, set to rise at 390 Ocean Avenue in Long Branch, New Jersey. Issued by Madison Realty Capital and Unity Capital, this sum will be used to fund construction costs.
Designed by Shore Point Architects, the 425,000-square-foot building will be known as "The Atlantic Club".
It will contain 132 ultra-luxury condo units, offered in one to five-bedroom configurations (with 2 penthouse units).
The building will offer over 75,000 square feet of tenant amenities, including a pool and entertainment deck, a full-time concierge, a fitness center with a yoga studio, a residents lounge overlooking the ocean, a private event room with a catering kitchen and an outdoor terrace, a business center, a children’s playroom, a game room, a VR room, a screening room, a golf simulator and a pet spa with a grooming station. Plans also call for an enclosed parking garage.
The project site has been vacant for a few years now. Construction is ultimately anticipated to take until March of 2026.