First Condominium Project In New Jersey For Extell Development Company
New York-based real estate developer Extell Development Company, known for the record-setting One57 condominium on Billionaire’s Row in Manhattan, is now making its mark on the Jersey Shore with its first New Jersey development. Today, the firm announced it has sold 100 residences at The Lofts Pier Village since officially launching sales less than one year ago, including a recent penthouse sale for $2.75 million.
“Our firm has built a reputation for creating luxury developments with impeccable views, striking architecture, elegant interior design and prime amenities throughout New York City. We are now excited to bring this level of quality and sophistication to New Jersey,” said Tamar Rothenberg, Senior Vice President of Marketing at Extell.“By next year, residents will be moving into their new beachfront homes.”
The Lofts Pier Village will introduce Extell’s quality of finishes and level of high design to the Jersey Shore. With interiors by The Childs Dreyfus Group and architecture by ShorePoint Architecture, residences combine timeless elegance with classic comforts. Thoughtfully designed floor plans will feature open layouts and floor-to-ceiling glass windows that maximize beautiful oceanfront views and light.
All of the one-to-four-bedroom residences offer outdoor space with private balconies and terraces. Buyers will also benefit from the signature Extell choice of two custom design packages for kitchens and flooring, allowing residents to select their desired palate of the finest finishes and materials.
“Not only is the Extell brand and stellar reputation attracting our buyers, but also the opportunity to experience luxury beachfront living year-round,” said Jane Betancourt, Director of Sales for The Lofts Pier Village. “This is not just life on the Jersey Shore. This is access to an unmatched lifestyle, where every amenity and service imaginable will be provided. We have had a variety of buyers from the tri-state area and beyond who have recognized the great value of this location and quality of our product.”
The Lofts Pier Village will offer a selection of indoor and outdoor amenities that cater to a resident’s every need. Renowned landscape design firm Melillo and Bauer Associates have designed a one-and-a-half-acre private outdoor park and amenity deck with exclusive access for residents. The resort-style amenities package includes an outdoor lap pool and cabanas, an extensive pool deck with towel service, a lounge area with fire pits and grills, and a lush landscaped park with meandering paths and relaxation lawns.
Additional amenities include fully-attended lobbies with 24-hour security, a state-of-the-art fitness center with a yoga studio, men’s and women’s locker rooms, a resident’s lounge with catering kitchen, screening and game rooms, a children’s playroom, pet washing station, package reception and mail room, refrigerated package storage, bike storage, indoor parking and complimentary shuttle service to the Long Branch train station.
Contributing to the year-round seamless lifestyle is the recently completed and extended one-mile boardwalk. Additionally, as part of the final phase of the Pier Village development, the area will feature a play area, four-season carousel, shaded seating areas where people can enjoy the many food vendors on the boardwalk, and over 50,000 square feet of retail and restaurant space. Also included in the last phase is a 75-room boutique hotel offering an additional restaurant and other amenities.
Residents of The Lofts Pier Village will enjoy all the conveniences of living at the heart of a vibrant Jersey Shore destination. Pier Village, the mixed-use beachfront community, is already home to an abundance of dining and shopping options, and public recreational amenities. International retail brands including, Havaianas and Lululemon are nearby, along with Luke’s Lobster’s first Jersey Shore location, as well as Beach House restaurant, an upscale dining experience specializing in coastal Mediterranean cuisine.
Pricing for one-to-four bedroom residences starts in the mid $500,000. First closings and move-ins at The Lofts Pier Village are slated for next summer. Residents will enjoy a 30-year tax abatement (PILOT) program through the City of Long Branch, making The Lofts Pier Village an extremely attractive purchase option for a home along the shore. For more information about The Lofts Pier Village, please call 732-847-0010 or visit www.piervillagelofts.com to schedule an appointment.
