55 MELROSE OFFERS FIRST OWNERSHIP OPPORTUNITIES AT PIER VILLAGE OCEANFRONT COMMUNITY IN LONG BRANCH

New Condominiums offer Luxury, Lifestyle and Value

LONG BRANCH, NJ – Sales have launched for the first luxury condominium building at Pier Village, the premier Jersey Shore lifestyle destination located along the oceanfront in Long Branch, NJ.

Representing the first ownership opportunity at the award-winning, mixed-use community comprised of residences, retail and restaurants, 55 Melrose features 44 modern condominium homes located in a contemporary four-story building.

“Pier Village has grown into an iconic, Jersey Shore destination that appeals to families and people of all ages who appreciate its oceanfront setting, mix of casual and elegant restaurants, numerous boutique shops, nighttime venues and endless outdoor events and activities,” notes Greg Russo, a principal of Ironstate Development, which developed the $400 million community that also offers the celebrated Bungalow Hotel and Le Club beach club.

“While the community’s rental residences have consistently been well-received by the public, we’ve always been aware of the demand from buyers for ownership opportunities at Pier Village.  We’re delighted to now answer that demand with 55 Melrose.”

55 Melrose features a limited collection of one-, two- and three-bedroom condominium homes ranging from 766 to 1,648 square feet of living space, with immediate occupancy available.  Priced from $310,000, the residences 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 desirable outdoor living space.

“55 Melrose represents a unique offering as Pier Village is already an established year-round residential and lifestyle destination, but until now, there were no ownership opportunities available,” notes Jacqueline Urgo, President of The Marketing Directors, the community’s exclusive marketing and sales agent.  “The new residences feature upscale living spaces with finishes and appointments that not only reflect a level one would expect in a luxury condominium property, but also complement Pier Village’s spectacular oceanfront setting.”

Lifestyle is a big part of the appeal of living at Pier Village, and Ironstate Development is making sure that 55 Melrose buyers are able to enjoy everything the community offers. In addition to on-site parking and access to the Pier Village outdoor pool and resident’s lounge with billiards, 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.

###

About Ironstate Development Company

Ironstate Development is one of the largest privately held real estate development companies in the Northeast. Based in Hoboken, New Jersey, Ironstate engages in the development and management of large-scale mixed-use projects and has a diverse portfolio of apartments and hotels valued at several billion dollars. The Company’s multi-family portfolio comprises an extensive range of apartments, condominiums and retail and recreational spaces in key urban centers near mass transportation hubs, while its hospitality holdings include the W Hoboken Hotel along the Hudson River waterfront facing Manhattan and the Standard East Village in Manhattan with partner Andre Balazs. Ironstate has approximately $1 billion in the development pipeline, including the redevelopment of the former U.S. Naval Base on the waterfront in Staten Island, NY.  Additional information on Ironstate Development Company is available on the Company’s website at www.ironstate.net

About The Marketing Directors

The Marketing Directors is a development advisory and master property marketing and sales force that works exclusively on behalf of owners and builders of new homes. Headquartered in New York, with offices and sales teams active around North America, The Marketing Directors is known for its success in selling and leasing homes at prices that help its clients achieve their goals for each development. In its 30+ year history, The Marketing Directors has helped its clients successfully sell-out more than 1,000 new developments across the country – more than any other marketing firm. It is headed by founder Adrienne Albert and Jacqueline Urgo. www.themarketingdirectorsinc.com