Atlantic County’s First Multi-Million Dollar Residential Development In
Quarter Century Set For Ventnor NJ Ocean Front
VENTNOR, NJ – June 25, 2013– PRDC and Pelican Properties are pleased to announce their newest project, The Waves. The 27 luxury residences on the oceanfront in Ventnor, New Jersey will be celebrated with an official groundbreaking ceremony on July 1st. The Waves promises to marry unparalleled ocean views with luxury construction right on the boardwalk. With seven oceanfront units, and the rest being beach block, this is quite possibly the last opportunity shore homebuyers will have to purchase newly constructed beachfront homes. The 25 million dollar development will attract shore homebuyers with unique amenities not seen in an Atlantic County real estate project in more than two decades.
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Starting at $749,000 for beach block (5 B/R, 4 full bath, approximately 2,600 sq. ft.) and $1,290,000 for oceanfront (4 B/R, 4 ½ bath, approximately 2,800 sq. ft.) The Waves will be developed on a 275’ X 131’ parcel, which is currently occupied by the vacant and deteriorating Monaco Motel. In addition to the seven oceanfront homes there will be ten homes developed on both Little Rock and Weymouth Avenues. This location is ideal for anyone seeking the convenience of an urban lifestyle with a multitude of retail and restaurant destinations within a block or two. This stellar location is also a couple of blocks from the renowned St Leonard’s Tract.
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“This property has been on our radar for a long time,” says PRDC President, David Perlman. “And we are excited to partner with the likes of esteemed architect JKR Partners, Construction Manager Ralph Philomeno, and Civil Engineer Arthur Ponzio to bring this project to life in Atlantic County.”
David Perlman of PRDC and Pelican Properties and his team have a track record of restoring vitality to existing neighborhoods through luxury developments in communities like New Jersey’s Longport, Avalon, and Ocean City, as well as Philadelphia’s Northern Liberties, Manayunk and Graduate Hospital areas.
The Waves, however, is more than just an amazing opportunity for shore homebuyers and a better view for local residents. It’s a very important project for the entire region, not only because it is the first of its kind in a quarter century, but also because this is the area’s first significant residential real estate project since Hurricane Sandy.
“The Monaco has been an eyesore for quite a while,” says Ventnor Mayor Mike Bagnell. “The Waves development in Ventnor City will bring new energy and an impressive architectural addition to the beach in our community. New Jersey has bounced back from Hurricane Sandy and this development is proof positive of that fact.”
According to Ashley Franchini, Soliel Sotheby’s International Realty’s Listing Agent, “nothing is available on the market that is comparable to The Waves in terms of price point and proximity to ocean/boardwalk. The average size per unit is about 2,600 square feet – which is larger than most single family homes in the Margate and Ventnor area.”
For those who covet the shore lifestyle, the development is unequalled. The 27 newly constructed homes are literally just steps from the ocean with direct access to an enlarged boardwalk and beautiful stretch of enhanced beach. The units will feature floor-to-ceiling windows, ocean views, three to four unique outdoor areas, high ceilings, an open design concept and contemporary fixtures. All buyers will work with The Waves’ custom designer to select interior finishing’s like kitchen appliances, tile, flooring, etc.
The Waves actually lies at the highest elevation point in Ventnor and at one of the highest elevations on the Barrier Islands. Civil Engineer Arthur Ponzio says, “The Waves has been built to not only meet but exceed new FEMA advisory maps adopted by the Governor of New Jersey. This was accomplished through additional fill and ramping, as well as numerous safeguards for all aspects of the structure.”
The Waves is conveniently located just 62 miles from Philadelphia and boasts restaurants like Sage, Red Door Café, Hannah G’s and Yama Japanese right in it’s backyard. Additional standout amenities include state-of-the-art construction, luxury finishes and an elevator. The over-sized units all have their own garage and unique outdoor spaces – including but not limited to a roof deck, balcony, yard and patio. Pets are also welcome for homeowners.
“Atlantic County’s quick recovery from Hurricane Sandy has set the stage for broad acceptance and quick absorption of this unique project,” says PRDC President David Perlman. “The market is ready for The Waves’ perfect location, exceptional amenities and incredible value.”
The Waves is located at 111 South Little Rock Avenue in Ventnor, New Jersey. For more information please visit www.thewavesonline.com. Interested buyers should contact Real Estate Agent Ashley Franchini on cell 609.335.9292.
