Project structure
GS Land Holdings LLC is a co-redeveloper for Block 71 under the Southeast Inlet redevelopment plan covering Blocks 71, 73, 74, 76, and 78. The Block 71 site is planned for approximately 40 townhouses and has an estimated site value of approximately $8 million.
A separate redevelopment plan
This project is distinct from Terraces at Absecon Inlet, the joint venture involving K. Hovnanian, North Beach Holdings, and Block 79 QOZB LLC across Blocks 70, 72, 75, 77, and 79.
The two Southeast Inlet plans have separate block maps, entity structures, programs, and development timelines.
Current phase
The approximately 40-townhouse program is planned, and the approximately $8 million site value is an estimate. Final program, approvals, contracts, timing, and construction remain subject to ongoing development work.
Redevelopment framework
The work combines block-specific redevelopment planning, entity coordination, site control, and a defined residential program within a larger neighborhood redevelopment area.