Prime Retail Opportunity in Long Branch, NJ

Home , Kushner Companies, Pier Village, The Hamptons

print 3 colors: type: Cool Gray 11C icon: wave 1: 70% x PMS 278C wave 2: PMS 279C cl gy 11C 279 278 278 (70%) 170,000 SF 492 245 193 Retail Rental Condos Keys Across 2,000 Linear Feet of Oceanfront Luxury Apartments Luxury Residences Hotel Rooms Transit New York City

MANHATTAN

NJ TRANSIT SEASTREAK FERRY 50 Min by Ferry 1 Hr by Car 72 Min by Train

BROOKLYN PHILLY

55 Min by Car 90 Min by Car

JERSEY CITY

Long Branch 72 Min by Ferry 45 Min by Car 1 Hr by Train

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The Shore FREEHOLD RACEWAY MALL 40 MIN DRIVE

NJ TRANSIT Colts Neck HHI: $247,000 25 MIN DRIVE Shrewsbury THE GROVE Red Bank PREMIUM OUTLETS HHI: $177,000 18 MIN DRIVE IN TINTON FALLS HHI: $139,000 27 MIN DRIVE 17 MIN DRIVE 18 MIN DRIVE

SHREWSBURY PLAZA 18 MIN DRIVE

35 MONMOUTH MALL 17 MIN DRIVE little Silver Asbury Park HHI: $216,000 16 MIN DRIVE HHI: $102,828 NJ TRANSIT 18 MIN DRIVE MONMOUTH Deal MONMOUTH RACE TRACK UNIVERSITY 11 MIN DRIVE Rumson HHI: $141,000 8 MIN DRIVE 12 MIN DRIVE HHI: $130,000 MONMOUTH MEDICAL 15 MIN DRIVE 5 MIN DRIVE Long Branch HHI: $116,000 Monmouth Beach HHI: $140,000 7 MIN DRIVE

print 3 colors: type: Cool Gray 11C icon: wave 1: 70% x PMS 278C wave 2: PMS 279C cl gy 11C 279 278 278 (70%) A

Regional EXISTING IN DEVELOPMENT 1 1. BEACHFRONT NORTH CONDOS A. 310 OCEAN AVENUE

Development B 180 CONDOS 57 CONDOS 2. OCEAN PLACE RESORT & SPA B. COOPER AVENUE 256 KEYS 169 APARTMENTS

3. BUNGALOW HOTEL C. BROADWAY PLACE C 2 24 KEYS 597 APARTMENTS 95,600 SF RETAIL D 4. PIER VILLAGE I+II 492 APARTMENTS D. PIER PLACE 130,000 SF RETAIL 232 APARTMENTS 3 60,000 SF RETAIL 4 5. WAVE RESORT 67 KEYS E. PIER VILLAGE III 245 CONDOS E 5 6. WASHINGTON MANOR APARTMENTS 50,000 SF RETAIL 100 APARTMENTS F F. THE LB RESORT 6 7. MARINE GARDENS APARTMENTS 101 KEYS

N J T R A N S I T 7 24 APARTMENTS 8 G. 286-290 OCEAN AVENUE 33 CONDOS G 8. OCEANPOINTE TOWERS APARTMENTS 151 APARTMENTS TOTALS H. 350 OCEAN AVENUE print 3 colors: 9 type: Cool Gray 11C icon: wave 1: 70% x PMS 278C 47 CONDOS 9.wave 2: PMSOCEAN 279C VIEW VILLAS CONDOS cl gy 11C 279 278 278 (70%) H 28 CONDOS 1,279 UNITS - EXISTING I. 345 OCEAN AVENUE I 40 APARTMENTS 1,420 UNITS - DEVELOPMENT 10. SEA VERGE APARTMENTS 125 APARTMENTS

10 11. THE ANCHORAGE CONDOS 130,000 SF RETAIL - EXISTING 90 CONDOS 205,600 SF RETAIL - DEVELOPMENT 12. OCEAN VIEW TOWERS CONDOS

11 27 CONDOS 347 HOTEL KEYS - EXISTING 12 13. OCEAN PLAZA CONDOS 101 HOTEL KEYS - DEVELOPMENT 62 CONDOS 13 The renowned shopping, recreation, and culinary destinations that define Pier Village are nestled between the Atlantic Ocean and a NJ Transit station that brings visitors directly from NY Penn Station.

RETAIL lululemon Gold’s Gym AT&T Charleston Shoes Winz Market FOOD & BEVERAGE Molly & Zoey Playa Bowls Coney Waffle McLoone’s Pier House 1,420 Turning Point New Residential Units 448 Tony Boloney’s in Development Hotel Keys in Long Branch Le Club Avenue Sirena

RECREATION Ice Rink at the Pier Carousel Boardwalk Fun N’ Games Arcade Spring Kite Festival Fresh Market Movies & Concerts at the Pier

1,300,000 June & July Visitors Summer Autumn

Spring Winter This summer, the Shore opened its doors to several record-breaking resorts, including Asbury Ocean Club $665 in Asbury Park, Wave Resort & Spa at Pier Village, Peak ADR and Hotel LBI in Beach Haven. These add to the resort at Wave Resort of iconic Shore hotels, such as Bungalow Hotel at Pier Village and the Asbury Hotel. 65% of Condominiums Sold Pre-Built

245 oceanfront luxury condominiums have been introduced to Pier Village by our partner and premier condominium developer, Extell. Pier Village has also become a go-to location for beachside leasing. Our high-end rental residential community offers all-inclusive amenities, such as concierge service, in Partnership wtih free beach parking, an outdoor pool, bike racks, and ocean views. FUTURE HOTEL DEVELOPMENT A 102-KEY | SPRING 2021

WAVE RESORT B 67-KEY

BUNGALOW HOTEL C 24-KEY

CONDOS UNDER DEVELOPMENT D 245 UNITS | Q1 2020

RESIDENTIAL RENTAL UNITS E 245 UNITS | Q1 2020

FIVE POINTS RESIDENTIAL F RENTAL UNITS 290 UNITS | Q4 2021 EXISTING RETAIL G 130,000 SF

PVIII RETAIL UNDER DEVELOPMENT H 50,000 SF | Q1 2020

BROADWAY PLACE RETAIL UNDER I DEVELOPMENT 99,500 SF | Q4 2021 PIER PLACE UNDER J DEVELOPMENT

P PARKING

EXISTING RETAIL

BUZZBAIT OCEANFIRST BANK EBB’S CHARLESTON SHOE CO. 100 OCEAN SIMPLY GREEK BRANCH BURGER SUGAR POP ORILLA’S TACO SUNDAZE HOT MESS WISH TURNING POINT MOLLY & ZOEY PLAYA BOWLS CONEY WAFFLE SMILEY’S CORNER CAFE THE LOFTS AT&T LULULEMON GOLD’S GYM ART OF SALAD WINZ MARKET TONY BALONEYS BOARDWALK FUN ‘N GAMES BEACH HOUSE THE WINE LOFT 7-ELEVEN SIRENA STEWART’S AVENUE ROCKY MOUNTAIN MCLOONE’S

MELROSE TERRAGE 5 5

6 7 4 8 9 4

6 10 11 12 3

7 13 3 8 2 9 14 10 15 OCEAN11 AVENUE 16 2

1,300,000 June & July Visitors

448 Hotel Keys in $2M+ Long Branch in Beach Badge Sales

1,420 New Residential Units in Development Electric Retail

Molly & Zoey

SUNDAZE Kushner Cos.' Wave Resort: Inside Long Branch luxury hotel that opens Memorial Day weekend

LONG BRANCH - Kushner Cos.' new beachfront luxury hotel Wave Resort will When Sam Hernandez met his wife in does not represent the hotels or Asbury oceanfront Wave Resort, along with have its grand opening Memorial Day 2010, he had never been to the beach in Lanes.) its five boardwalk restaurants. Kushner weekend, according to an announcement New Jersey. has also started work on a third hotel from its marketing team. But the Asbury Ocean Club, their new and another 70,000 square feet of retail Born and raised in Bushwick, Brooklyn, property, displays a level of high design that does not have much to do with with Extell that Kushner will own. Extell Construction of the six-story, 67-room he’d always associated the Jersey Shore the working-class town that Bruce is developing additional luxury condos hotel started in January 2018 as part with the tan-and-party lifestyle of the Springsteen made famous. above the new retail component and of a $283 addition to Pier Village, one MTV reality show. But his soon-to-be- commissioned a carousel on the restored of the marquee attractions at the city's wife, a New Jersey native, insisted he visit. beachfront. See the groundbreaking in The complex houses a boutique hotel boardwalk this July. on the fourth floor and 13 floors of the video lower in this story. Once he was there, he was pleasantly condos, including the one Mr. Miller surprised. bought. Interiors have an airy, modern Before Pier Village, this stretch of The addition includes condominiums that look. oceanfront in Long Branch sat cost as much as $2 million and a new “I felt at home in Asbury Park because abandoned since a fire in 1987 had boardwalk promenade plus carousel. it had a feeling of Brooklyn about it,” The only nod to the city’s grittier identity destroyed the town’s pier. It was a far cry Kushner Cos. and its partner Extell he said. “It had some grit, it had some is in the lobby bathrooms, where there from the late 1800s, when seven United Development are doing the addition. are images of tattoos on the stall doors. artiness to it, it had some edge. But it also States presidents spent their summer That, and the ability to see and hear had something beautiful about it.” vacations there. Kushner Cos. is expecting to draw some the outdoor shows at the Stone Pony Summer Stage a block away from the of its clientele from New York City and is Now Mr. Hernandez, a 41-year-old pool deck. Now, however, the stretch is home to marketing the resort's accessibility from consultant and entrepreneur, regularly shiny new condos, a glitzy members-only the city by way of NJ Transit, which links takes his family to visit Pier Village, an “We’re bringing luxury that you usually beach club, and several restaurants. New York's Penn Station and Long Branch oceanside complex in Long Branch, 15 find in Manhattan and Miami, that by rail. minutes north of Asbury Park, staying has not been seen before in a city like either at the Bungalow Hotel there, or the Some locals in Asbury Park and Long Asbury Park,” says Brian Cheripka, master The rates for a single night start at $545, newly opened Wave Resort. Branch, however, are wary of all the new developer of the Asbury Park waterfront according to LFB Media Group or LFB, developments in their towns. for iStar. which is marketing the hotel for Kushner Robert Miller, 42, a Manhattan resident House rentals are increasing as well. Cos. who runs a travel agency, recently bought According to Airbnb, there were more Jenn Hampton, 44, opened her first art There has been an effort to support the a condo at the new Asbury Ocean Club, than 6,300 guest arrivals at the Jersey gallery in Asbury Park in 2006, turning Long Branch stands to gain hotel existing community. In 2016, David Bowd, a luxury hotel and residential building in Shore over Memorial Day weekend, up it into Parlor Gallery in 2009, which is still occupancy taxes from room rentals, from about 4,800 arrivals from last year. chief executive of Salt Hotels, opened a Asbury Park. open today. which can be used as revenue for the city’s hospitality school, called Salt School. budget, city officials said. The city collects “I’ve been to the Hamptons, I’ve been to “I feel like in the Hamptons, you’re Today, according to Salt Hotels, more “A decade ago, you could find many a 3% municipal tax on each room rental, Hudson Valley, and I just definitely know either at a pool party or you’re sort of than 90 percent of the 500-plus galleries, alternative art spaces and art according to city statute. I’m a Jersey Shore person,” Mr. Miller said. secluded, but on the Jersey Shore, you graduates are employed at the group’s happenings,” Ms. Hampton said. “We “The Asbury Ocean Club is like New York have the boardwalks,” Mr. Miller said. “So three Asbury Park properties and most of The Wave Resort is one of two hotels meets the beach.” everybody comes to the boardwalk at had more artists living and working here owned by Kushner Cos. at the beachfront. night to go to the restaurants and shops the graduates come from Asbury Park or and more creative types visiting and surrounding towns. The other is the 24-room Bungalow Mr. Hernandez and Mr. Miller are part and hear music; everyone’s convening contributing. Hotel. Kushner Cos. is also approved for of a growing number of New Yorkers together.” In Long Branch, construction has been a third hotel, the 102-room Onada Surf who are spending the summer on the “Since Asbury Park is now more Slowly, however, these beach towns are going on for decades in an effort to Club, which will be adjacent to the Wave Jersey Shore because of its proximity to mainstream, the makers seem to be upping the ante on luxury developments. revive the city. Today, most of it is being Resort. the city, its welcoming vibe, and most And although the new hotels and overseen by Kushner Companies, which displaced and replaced by consumers. It recently, its growing number of upscale is certainly bittersweet; it seems to be the Wave Resort features businesses take inspiration from the was founded by Charles Kushner, the accommodations. Developers have boardwalk, where everyone is welcome, oldest story in the world.” The resort is being marketed as a “world- father of Jared Kushner, senior adviser to noticed. they are setting a more exclusive tone. class oasis.” See renderings of the hotel in President Trump and his son-in-law. In Long Branch, many longtime the photo gallery at the top of this story. This summer alone saw five hotel In 2016, when the developer iStar and In 2014, a partnership of Kushner residents are happy to keep the Shore openings or expansions in the area, the hotel operator Salt Hotels opened Companies and Extell Development to themselves. Recently at Le Club, the All rooms have private walk-out balconies all high end, including the brand-new the Asbury Hotel and Asbury Lanes, Company bought Pier Village. At the and wall-to-wall windows. The resort’s Hotel LBI on Long Beach Island and the a bowling alley and music venue, they members-only establishment, a woman time, Pier Village already offered luxury amenities include seven new restaurants recently reopened Seaview, A Dolce made sure to keep the cultural energy shushed a man for talking too loudly. of Asbury Park at the forefront, said Gail apartments, retail shops, restaurants, and and bars, an outdoor pool deck with fire boardwalk coffee shop, swim-up pool bar to LFB, is a 7,125-square-foot indoor- named High Crest, offers a 360-degree Hotel in Galloway, following an $18 million Schoenberg, a publicist who spends time the Bungalow. pits, spas and a fitness center. and a hybrid burger-and-taco shop. outdoor event space on the sixth floor view of Pier Village, the boardwalk, and renovation. A member replied: “If you want quiet, go on the Shore. (Ms. Schoenberg works beneath the hotel’s wave-shaped rooftop. an ocean-facing bar and wrap-around to the Hamptons!” The food and beverage choices include a The resort’s “crown jewel,” according The glass-enclosed top-floor space, alfresco terrace. with other restaurants in the area but This summer, Kushner built the CONTACT EXCLUSIVE AGENTS

MAX SWERDLOFF ALISON “ALI” HORBACH MICHAEL RAWLINS PETER RIPKA [email protected] [email protected] [email protected] [email protected] 212-527-7025 201-777-2303 201-362-4442 212.750.6565

print 3 colors: type: Cool Gray 11C icon: wave 1: 70% x PMS 278C wave 2: PMS 279C cl gy 11C 279 278 278 (70%)