April 2024

20A — April 2024 — Owners, Developers & Managers — M id A tlantic Real Estate Journal


O wners , D evelopers & M anagers

Latest endeavor expands revitalization efforts to the Monmouth County’s Downtown Kushner breaks ground on lower Broadway mixed-use development

L ONG BRANCH, NJ — Kushner officially broke ground on a trans- formative $130 million mixed- use residential and retail de- velopment in Long Branch. The project is poised to infuse new vitality into the city’s Lower Broadway corridor, delivering 299 designer rental residences and upscale amenities, along with a highly anticipated Su- perFresh grocery market and neighborhood café. The long-awaited venture is set to be a lynchpin in con- necting Lower Broadway to the city’s active beachfront,

integrating with Kushner’s Pier Village oceanfront com- munity including the Wave Resort & Spa. Principals of Kushner hosted Long Branch Mayor John Pallone, Senator Vin Gopal (D-Monmouth), fellow council members, and other local dignitaries to mark the commencement of the multi- faceted project. Laurent Morali , CEO of Kushner, emphasized, “Long Branch has always repre- sented a long-term investment for us. This new project rein- forces our overarching vision

of establishing a thriving year- round destination by introduc- ing premium residential, re- tail, and neighborhood services that support the community throughout every season.” Located at 118-119 Broad- way and expertly designed by Minno + Wasko Archi- tects and Planners , the development will comprise two four-story buildings with a mix of studio, one-, two-, and three-bedroom homes. A rich array of upscale lifestyle amenities and social spaces spanning both properties will complement the residences. These include a 1,400 s/f coworking lounge, fitness center, dedicated yoga room, golf simulator, rooftop ter- races with ocean views, social lounges, pet spa, kids’ room, grilling stations, fire pits, and an outdoor pool. Nicole Kushner Meyer , president of Kushner, re- marked “This development represents a significant stride in breathing new life into the downtown while underscor- ing Kushner’s unwavering commitment to the Long Branch community. Our fo- cus extends beyond residen- tial development, aiming to transform this underutilized land into new uses that will serve as an extension of Pier Village, including a super- market catering to the year- round community.” Although efforts to revitalize Lower Broadway have been in the works for years as part of the City’s Redevelopment Plan, Kushner’s involvement began in September 2022, diligently working with mu- nicipal agencies to advance the project. Michael Sommer , chief de- velopment officer of Kushner, expressed excitement, stating, “We’re thrilled to expand our investment in the City of Long Branch and proud to have suc- cessfully propelled this critical project forward. The active involvement and guidance from Mayor John Pallone, the City Council, the Planning Board, the City Attorney, and the City Business Administrator were all instrumental, and we look for- ward to delivering another valu- able asset to the community.” State Sen. Vin Gopal praised the Kushner team for stepping up to revitalize a neighbor- hood that hasn’t shared in the investments made along the oceanfront. MAREJ

Kushner hosted state and local municipal officials and other dignitar - ies on March 27th, 2024 to break ground on a $130 million mixed-use residential and retail development in Long Branch, NJ.


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