BEACH HAVEN - The old Beach Haven bank building has recently been approved by the Beach Haven Borough Council for redevelopment.
Terry Moeller and his partners,Tom and Joan Bertussi are planning to tear down the building and develop the site into a retail and residential complex. They are planning for 22 residential units of 1,200 square feet each. Five apartments would be set aside for affordable housing.
There will be five retail businesses at the site also.
The project is called the Victoria Rose. The next step towards approval would be hearings with the Borough land use board.
The brick structure at the corner of Bay Avenue and Sixth Street in 1963. It was the headquarters for the Beach Haven National Bank. It has been a bank for many years, with the most recent being a Sovereign Bank.
The approval for redevelopment by the borough gives Beach Haven control of over what is built on that site. Moeller and his partners have been working closely with Beach Haven officials, hoping to see their plan for the property approved in the near future.