Extell recently announced it has completed a record sale at its Lofts at Pier Village development in Long Branch.
At $2.75 million, the three-bedroom, 1,500-square-foot penthouse at the development is the most expensive condominium sale in Long Branch this year.
The Lofts at Pier Village is Extell’s first project in New Jersey and the third phase of Kushner Companies’ and Extell’s Pier Village redevelopment. Construction of the Lofts at Pier Village began last fall. The developers began sales in June 2017.
Extell said residents will have access to a private 1.5-acre park with resident amenities that include “an outdoor lap pool and cabanas, an extensive pool deck with towel service, a lounge with fire pits and luxe grills, and a lush landscaped park.”
The Lofts at Pier Village was designed by the Child Dreyfus Group.
Long Branch has recently welcomed Lululemon, Havianas, and Luke’s Lobster.
Extell and Kushner Cos. intend to develop an additional 40,000 square feet of retail space and a boutique hotel at Pier Village. The joint-venture partners purchased Pier Village in 2014 when it was 90,000 square feet of retail space and 492 rental units for $200 million from Ironstate Development.