MARINER'S VILLAGE AT KEYPORT URBAN RENEWAL, L.L.C.
120 Unit Apartment Project
Keyport, New Jersey
Mariner's Village is a 120 unit apartment project located on the Raritan Bay waterfront in Keyport, New Jersey. It is the first redevelopment in the Keyport and is approved with a 25 year PILOT program. The project has all of the significant approvals and is poised to start construction in March of 2026.
Building Evevation
SITE PLAN
Application is no longer available.
ELEVATIONS & FLOORPLANS
PROJECT INFO
Product type: Stacked flat apartment
Acres: 9.04
No. of Units: 120
Total stories: 4
Rentable Square Footage: 125,546
Total Building Size Sq/Ft: 156,933
Total garage spaces: 171
Number of phases: 1
Project address: 6 Broadway Keyport, New Jersey 07735
Project tel: (305) 793-4610
Project email: rmiller@millergp.com
Project website: www.marinersvillageatkeyport.com
Project county: Monmouth
Project: Block / Lot #:Block 20 / Lot 16.01
Owner name: Mariner's Village at Keyport Urban Renewell, LLC.
Owner address: 2601 Biscayne Boulevard Miami, Florida 33137
Owner telephone: (305) 793-4610
Owner website: www.millergp.com
Owner principals: Roger Miller
Contractor name: TBD
Contractor address: TBD
Contractor telephone: TBD
Contractor email: TBD
Contractor website: TBD
Contractor principal: TBD
Township: Keyport Township
Development Attorney: Heilbrun Pape, & Goldstien, Ken Pape
PILOT: Greenbaum, Rowe, Smith & Davis, LLP, Robert Goldsmith
Architect: Minnow & Wasko, Dave Minnow
Engineer: Mid Atlantic Engineering Partners, Louis Zuegner
Marketing: Otteau Valuation Group, Jeffrey Otteau
Traffic: Dolan & Dean, Elizibeth Dolan
Fiscal: Art Bernard & Associates, Art Bernard
PROJECT SIGNIFICANT INPUTS
​Construction Loan Rate: 6.00%
Construction months: 20.00
Additional Const. loan Stabilization months: 12.00
Construction LTC: 75.00%
Construction Loan points: 00.50%
LT Loan LTV: 75.00%
LT Interest rate: 6.00%
LT amortization: 40.00
CAP Rate: 5.50%​​​​​​