A capital structure in excess of $250 million for The Atlantic Club, a new oceanfront luxury condominium in Long Branch, was recently closed, according to 390 Ocean Owner LLC. The financing from Madison Realty Capital and Unity Capital, unprecedented for a residential project in the region, was arranged by Iron Hound Management Company.
The Atlantic Club is expected to welcome residents at the end of 2026.
Located at 390 Ocean Avenue, the dual-tower condominium project will deliver 132 one-to-five-bedroom homes, including six penthouses, more than 75,000 square feet of indoor and outdoor amenities, and an elevated level of art and design that has changed the development paradigm for the Jersey Shore.
Owners from Stillman Development International, Surrey Equities, and Gotham City Real Estate form the ownership team of 390 Ocean Owner LLC, bringing together deep expertise with successful luxury properties in highly sought-after markets.
Drawing from his own extensive art and development experience in the Northeast and Florida, Stillman Development International, LLC President Roy Stillman worked closely with world-class artists, curators, and designers to deliver an unparalleled concept to the Shore with The Atlantic Club.
“The closing of this capital structure represents a deep validation of the vision, artistic merit, and execution capabilities of the development team. This project will set the new standard for excellence for all development work in the region, now and into the future,” Roy Stillman, president of Stillman Development International, said. “There is an untapped demand for a world-class condominium experience here on the Jersey Shore and the project’s sales velocity bears this out.”
The Atlantic Club’s homes will range from 993 to 4,246 square feet, boasting spacious, sun-lit layouts with grand balconies and terraces, and many offering unobstructed views of the Atlantic Ocean. Each residence will house high ceilings, oak-style flooring, recessed lighting, Sub-Zero and Wolf appliances, and expansive windows inviting the oceanscape inside. The bathrooms are similarly well-appointed, featuring custom vanities with Watermark polished chrome fittings and accessories, Kohler fixtures, and floors and showers clad in imported, large-format porcelain tiles.
The Iron Hound Management Company team representing the borrower included Robert Verrone, Rich Cooney, and Anthony D’Amelio.
The Atlantic Club is being marketed and sold exclusively by Christie’s International Real Estate Group in New Jersey and New York.
