May 20, 2022

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Kushner buys Very long Department NJ oceanfront land for resort resort

2 min read

Long Branch – Kushner Cos. has purchased a almost fifty percent-acre parcel at 36 Morris Ave. for $1.45 million, the Kislak Co. Inc. announced Wednesday. 

The purchase completes an ocean block assemblage to build an oceanfront resort on the website, the Kislak Co. reported. In 2018, Kushner was authorised for a seven-tale, 102-room luxurious hotel identified as the Onada Surf Club on Morris Avenue, in which Kushner experienced beforehand ordered a few properties. 

The Onada Surf Club would enhance Kushner’s Wave Resort situated throughout the avenue in Pier Village, which is also owned by Kushner. 

The sale was the fourth and last transaction that marked the completion of a four-residence 1.8-acre ocean block assemblage from Ocean Boulevard along Morris Avenue to Ocean Avenue, in accordance to the Kislak Co., a Woodbridge-primarily based true estate broker.

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The outlined property in red is 34 Morris Ave., Long Branch, which was bought by Kushner Cos. in June for $1.45 million.

In addition to 36 Morris Ave., the assemblage incorporates 34 Morris Ave., 170 Ocean Ave. and 176 Ocean Ave.

Kushner Cos. paid out $6 million for a 1950s-period motel identified as the Ocean Court by the Sea at 170 Ocean Ave. in September 2017.  

Much more firm news: Metropolis approves Kushner Cos.’ 102-home Onada Surf Club 

A rendering of Kushner Cos.' Onada Surf Club, a 102-room hotel proposed for the Long Branch beachfront next to Pier Village.

In 2018, Kushner Cos. bought two adjacent properties where single-family members households sat. It paid $2.7 million for a residence at 176 Ocean Ave. and $1.45 million for the other at 34 Morris Ave.

Those people 3 homes had been cleared in 2019.  

The seller of 36 Morris Ave. was a private business. The sale was accomplished off-current market on June 16 in accordance to Monmouth County property information. 

Kushner ordered the assets by its affiliate PV Motel LLC. Kushner is a diversified authentic estate firm headquartered in New York and owned by the spouse and children of Jared Kushner, son-in-law to former President Donald Trump, who served as a senior adviser in his administration. 

When Jersey Shore native Dan Radel is not reporting the news, you can find him in a school classroom exactly where he is a heritage professor. Attain him @danielradelapp 732-643-4072 [email protected] 

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