The first of five new residential properties is taking shape on a prime piece of downtown real estate in Ocean City, NJ that was once home to the Strand Hotel and Bookers Restaurant. Construction of a three-story duplex is continuing on a vacant lot at the corner of Ninth Street and Wesley Avenue. Four more buildings are planned for the same lot.
The new duplex was constructed by Modular Builders of Upper Township from modular units built by Apex Homes, Inc.
|Matt Dice, co-owner, on left|
Co-investor Matt Dice said plans for the property include three duplexes (each with units of 3,000 and 2,600 square feet) that will make up Doctor's Row and two triplexes (with units of 2,300 square feet) surrounding a pool at the corner of Ninth and Wesley. The triplexes will be known as the Strand Resort and include a shared clubhouse of 1,800 square feet along with shared access to the pool.
He said the first of the duplexes will be completed in the fall and available for rent for $5,000 to $6,000 per week next summer.