Walters Group announced Friday revitalization efforts at Cornerstone At Seaside Heights, a new age- and income-restricted apartment community in Seaside Heights.
The community, which is the former Travel Inn Motel, Seaside Lumberyard and hardware store, sits on the corner of Bay Boulevard and Hamilton Avenue.
“Seaside Heights has a lot to offer,” said Ed Walters, Jr., founder and president of Walters Group. “It’s not just a popular summer destination; it’s also a community with individuality and small-town spirit. We see this development as a huge benefit to the borough and particularly the older population who wants to continue to live at the shore but may have been priced out of the market.”
The 91-unit property is slated for completion in February 2019. It will feature one- and two-bedroom units and incorporate high-end amenities including an outdoor space, a fitness center and community room, Walters Group said.
Financial terms were not disclosed.