Projects & Operating Work

Real work, shown by role and phase.

Each project is presented by role, entity structure, current phase, realized milestones, and work underway.

Active Development & Construction

Work underway

Atlantic CityActive construction

Block 51

Eight new townhouses under construction on a beach-block site with a 16,000-square-foot warehouse being advanced for adaptive reuse.

Townhouses
8
Warehouse
16,000 SF
Estimated value
~$7.5M
View project

Phased Redevelopment

Two separate Southeast Inlet plans

Each plan has its own block map, entity structure, program, and development timeline.

Blocks 70, 72, 75, 77 & 79Initial land phase sold

Terraces at Absecon Inlet

Joint venture involving K. Hovnanian, North Beach Holdings, and Block 79 QOZB LLC. The initial Block 79 phase is approved for 38 townhouses.

Initial phase
38 homes
Land sale
~$4.0M
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Block 71Planned development

Southeast Inlet Redevelopment Area

GS Land Holdings LLC is a co-redeveloper for Block 71 under the separate Southeast Inlet plan for Blocks 71, 73, 74, 76, and 78.

Planned
~40 townhouses
Estimated site value
~$8M
View project

Operations & Realized Work

Portfolio and disposition record

New JerseyOperating and completed

Operating Portfolio & Dispositions

36 operating rentals, 50 additional rental units under construction or renovation, and 30 completed property dispositions spanning 50 units.

Operating
36 units
Active + near-term
86 units
Property sales
$12.6M
View record
Atlantic CityFuture development site

Inlet Holdings

Approximately 1.5 acres of oceanfront land held for future development. The estimated site value is approximately $12 million.

The development program and timing are currently being evaluated.