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
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%​​​​​​