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Developer weighs $25M offer to turn former amusement park site into luxury townhouses.
Developer Eustace Mita is weighing a $25 million offer from Philip Norcross to buy the former Gillian's Wonderland Pier site in Ocean City, New Jersey, with plans to redevelop it into luxury townhouses.
Another offer is pending from Ryan Homes.
Mita's previous plan for a luxury hotel was rejected by the Ocean City Council, and any residential development would require a zoning change.
The amusement park closed last year after 94 years as a local landmark.
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El desarrollador sopesa una oferta de $25 millones para convertir el antiguo parque de atracciones en casas de lujo.