Developer presents revised 90 Broadway plan in Somers Point, offers $100,000 for former Point Avenue strip

Keith Davis, attorney for Exelor Building Solutions LLC, formally presented a revised redevelopment proposal for the property at 90 Broadway in Somers Point during the council’s March meeting.

Davis said the company now proposes to demolish the existing 17 residential units and build a 25-unit townhouse development. “We are proposing that all the units be taxed typically as they would, in terms of ad valorem taxation,” Davis said, and he told council that his client has rescinded an earlier request for a five-year tax abatement. Davis also said the developer is offering $100,000 to the city for a strip of land identified as the former Point Avenue right-of-way so it can be included in the development tract.

The project team described the development as a high-end townhome community oriented to take advantage of bay views. Architect Steve Fenwick said the scheme includes 23 townhouse units plus two single-family units on the bay, all designed as four-bedroom residences with ground-level parking and storage configured to meet flood regulations. Fenwick said…