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11/24/09 Special Meeting
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11/24/09 Special Meeting
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Last modified
5/21/2025 2:32:56 PM
Creation date
11/19/2009 11:50:34 AM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing and Redevelopment Authority-Special
Document Date
11/24/2009
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<br />bbpc <br /> <br />ASSOCIATES <br /> <br /> <br />Pier Village <br />Long Branch, New Jersey <br /> <br />-~ <br /> <br />Q <br /> <br />--~.~ <br /> <br /> <br /> <br />Client: City of Long Branch, NJ <br /> <br />Project Overview: <br />. Retail Development <br />. Residential Development <br />. Recreation Development <br />. WatetfrontArea Development <br />. Development Packaging <br /> <br />Undertook marketldemand potential studies and financial analyses to determine if a mixed-use project <br />in Pier Village is feasible. This project, built by the Applied Development Company, includes 420 <br />residential units and 100,000 square feet of retail. Project amenities include a beach club with <br />oceanfront cabanas, a health club, public plazas and structured and surface parking. The cost of the <br />now completed project was $86.5 million which includes $5 million in private equity and $17 million of <br />state funds. <br /> <br />Update: Project received the 2009 State of New Jersey Tourism Award. <br /> <br />Basile Baumann Prost Cole & Associates, Inc. <br /> <br />Public/Private Development Advisors <br />
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