390 Ocean Owner LLC has successfully secured a capital structure of over $250 million for The Atlantic Club, an upcoming luxury residential condominium development in Long Branch, NJ. The financing was provided by Madison Realty Capital and Unity Capital and arranged by Iron Hound Management Company.
The highly anticipated Atlantic Club is set to welcome its first residents in late 2026. Located at 390 Ocean Ave., the project will consist of two towers offering a total of 132 one-to-five-bedroom homes, including six penthouses. With over 75,000 square feet of indoor and outdoor amenities, this oceanfront property promises to provide an unparalleled living experience.
The ownership team behind the project includes Stillman Development International LLC, Surrey Equities and Gotham City Real Estate. According to Roy Stillman, president of Stillman Development International: “The successful closing on this capital structure serves as strong validation for our team’s vision and ability to execute.” He also expressed confidence in the demand for high-end condominiums on the Jersey Shore based on strong sales numbers.
This latest update from Connect CRE showcases how Jersey Shore’s newest condo development is making significant progress towards becoming a premier destination for luxury living.
