BUYERS JUMP AT FIRST OWNERSHIP OPPORTUNITY AT PIER VILLAGE OCEANFRONT COMMUNITY IN LONG BRANCH

The recent Grand Opening of sales at 55 Melrose, a new collection of luxury condominium residences located within the Pier Village oceanfront community in Long Branch, has attracted a high level of interest with 40% of the residences already sold.

Representing the first ownership opportunity at the premier Jersey Shore lifestyle destination, 55 Melrose features 44 modern condominium homes located in a contemporary four-story building.  The limited offering of residences includes two-bedroom homes priced from $452,000 and three-bedroom residences priced from $688,000, with immediate occupancy available.

“The initial reaction to 55 Melrose has been terrific,” notes Greg Russo, a principal of Ironstate Development Company, which developed the award-winning, mixed-use community comprised of residences, retail and restaurants.  “Buyers range from existing Pier Village residents who are intimately familiar with the community’s appealing seaside lifestyle to those from throughout the region who have long thought about owning a full or part-time residence at the Jersey Shore.”  

The new condominium residences at 55 Melrose range from 1,144 to 1,648 square feet of living space and include such designer features and appointments as oak hardwood flooring in the living areas, plush Berber carpeting in the bedrooms, and gourmet kitchens with custom wood white shaker cabinets, Caesarstone countertops, modern stain glass backsplashes and state-of-the-art stainless steel Frigidaire Gallery appliances.  Spa-like baths are adorned with Silestone countertops, custom wood white shaker cabinets and wood framed mirrors, ceramic tile floors and contemporary Kohler undermounted sinks and faucets. All residences also include individual washer and dryer and desirable outdoor living space.

“We’ve only just begun marketing 55 Melrose outside of the Pier Village community and there’s a lot of excitement surrounding this unique lifestyle offering,” notes Jacqueline Urgo, President of The Marketing Directors, the community’s exclusive marketing and sales agent.   “Buyers are clearly taking advantage of the first opportunities to own a home in this well-established Jersey Shore destination.  Current market conditions, including low interest rates and value-laden pricing, are also key factors driving sales.”

Also resonating with buyers is the opportunity to enjoy all that Pier Village has to offer.     In addition to on-site parking and access to the Pier Village outdoor pool and resident’s lounge with billiards and plasma TV, buyers at 55 Melrose will receive a complimentary two-year gym membership to the Pier Village Gold’s Gym, and a complimentary two-year membership to Le Club, Pier Village’s members-only, European-inspired beach club. Le Club features a full-service beach experience including a private beach area adorned with Palm trees and lined with spacious cabanas, provision of lounge chairs, day beds and plush towels; food and beverage service on the beach provided by gourmet braserie, Avenue; and a rooftop pool and sun deck boasting panoramic vistas of the ocean.

Pier Village also offers more than 100,000 square feet of boutique shops and restaurants, a boardwalk and expansive beach, oceanfront dining and an outdoor festival plaza that hosts year-round events. Travel & Leisure Magazine named it one of the “20 Greatest American Beaches” in 2007 and the community was again honored in 2009 with the New Jersey Governor’s Tourism Award.

For more information on 55 Melrose, visit www.ownpiervillage.com, or call

732-222-2155. The Sales Office, located at 55 Melrose Terrace, is open Monday – Friday from 10am – 6pm, and Saturday – Sunday from 11am – 5pm.

For more information on Pier Village, visit www.piervillage.com.