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WILDWOOD WALK ASSOCIATES, L.L.C.

31-11 Broadway (Route 4 West) Telephone: 201-873-2183

Fair Lawn, New Jersey 07410 Telefax: 201-398-1616

Wildwood Walk Associates, LLC currently has three development projects located in Wildwood, New Jersey. The projects consist of luxurious high-rise condotels that include such features as: pools, spas, restaurants, retail boutiques and hotel style amenities such as room service, concierge, housekeeping… while enjoying spectacular ocean and bay views.

Each project will be a 25 -story Class A modern structure with ground level lobby, approx 5 floors of parking, a hotel lobby including a spa, restaurant, and 16-18 floors of condo/tel units ranging from 500 sq. ft to magnificent 3200 sq ft penthouses with views that are second to none on the East Coast.

The projects range from 175+ units to 600 units, all with various restaurant, hotel and retail components to ensure every taste and style is met. The hotel components will be professionally managed by a certified hotel management company to ensure profitability and first class accommodations are provided. The restaurant and retail portion will complement the overall project.

The need for these luxurious facilities is at an all time high for several reasons;

1. The newly constructed Wildwood Convention Center had increased the need for quality hotel accommodations dramatically as it has quadrupled the number of events hosted since its completion. The Convention Center has the ability to function year round, provided hotel accommodations are available, reinforcing the need/demand for these condo/tel projects.

2. Foreign investors are looking for vacation homes that they can utilize and at the same time provide a safe investment with an income producing option.

3. Baby boomers are retiring and looking to invest in income producing real estate while purchasing second homes and vacation homes.

4. Wildwood has lost 5000 hotel rooms in the last 3 years due to the recent condominium craze, which is causing a severe shortage of tourist based accommodations.

5. The "tourist season" is becoming longer and longer as the shore communities realize the need to extend the season by promoting various events, which need year round accommodations.

6. Current sales of two to five story condominiums are selling in excess of $600/sq ft with few amenities and no views.

Wildwood Walk Associates has quickly developed an excellent relationship with the community by promoting and adhering to the highest standards of excellence, selecting professional teams for services and working with various community organizations to ensure the best interests for all are protected.

 

 

 

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Revised: January 17, 2006