The old Sun Bank property has sat vacant for the past 10 years at the corner of Atlantic & Surrey ave in Ventnor. But that’s all about to change?
Ventnor Resident, Steve Labov of Shovel Ready, LLC, wanted to take this abandoned commercial property in the North Beach section of town, and turn it into upscale housing.
Why did it sit for so long? Some old-schoolers thought it should remain commercial. But new leadership, along with the new influx of home owners, helped push thru this idea.
Projects like this would attract even more redevelopment to the neighborhood….and increase Ventnor property values, something of key importance to everyone, especially local taxpayers with no voting rights.
The Ventnor Planning Board approved all the variances and site plan approvals to build six housing units in three separate buildings.
All six units along Atlantic Avenue would have roof decks, ranging from 2,100 to 2,600 square feet. three & four bedrooms with an elevator and ocean view roof decks.
Contact Larry Campbell of Balsley Losco Real Estate for more info on this and other Downbeach Vacation Property opportunities. Call 609-442-6972
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The project was designed by architect Stephen Maffei of Abitare Design of Philadelphia.
Along with the team here at DownbeachBUZZ, developers like Labov are bullish on Ventnor.