First K. Hovnanian Atlantic City Townhomes Could Be Ready Next Summer

ATLANTIC CITY — One of Atlantic City's most closely watched new residential developments could begin welcoming homeowners as early as next summer.

Construction is underway on K. Hovnanian Homes' Terraces at Absecon Inlet, a 38-townhome waterfront development in the city's Inlet section, following an official groundbreaking Aug. 12.

Atlantic City Public Information Officer Andrew Kramer said Thursday that residents should soon begin seeing the project rise from the ground.

“The pilings were already in, but now you're gonna start seeing work up and up and up and up,” Kramer said during an appearance on The AC Mike Lopez Show on WOND.

K. Hovnanian says the first homes are anticipated to be delivered as early as summer 2027, a timeline Kramer also highlighted during the interview.

“We're hoping by next summer, people will be able to start getting those properties,” Kramer said. “That's K. Hovnanian's goal.”

The project is being built at Pacific and New Hampshire avenues, overlooking Absecon Inlet and directly across from Altman Park. It is also near Gardner's Basin, the beach and Boardwalk.

The development will consist of 38 four-story waterfront townhomes.

According to K. Hovnanian, each home will offer approximately 1,848 square feet of living space with three bedrooms, 3.5 bathrooms, open-concept living areas, a two-car tandem garage and a private top-level balcony designed to take advantage of the waterfront and city views.

The first phase will include five residential buildings, a furnished model home and some homes intended for quicker move-in.

The development marks K. Hovnanian's return to Atlantic City after years away from the market.

At last week's groundbreaking, K. Hovnanian Homes Northeast Division President Nikki Mallozzi said the company sees significant potential in the city.

“We're thrilled to be back,” Mallozzi said. “We're excited about this location, and we're even more excited about the future.”

Kramer said the enthusiasm was evident during the groundbreaking.

“They had some very nice things to say about Atlantic City,” Kramer said. “And they were quick to point out too, the development boom that's happening.”

Kramer said he spoke with Mallozzi around the event and was struck by her reaction to the turnout.

“She was just so shocked and pleasantly surprised about the amount of people, not just media, that showed up and just talked to them, the K. Hovnanian people,” Kramer said.

The groundbreaking was attended by city, county and state officials as well as residents and others interested in the project.

Kramer said the ceremony was assembled on relatively short notice, making the turnout particularly notable.

“Usually stuff like this, you plan out weeks, sometimes even months,” he said. “So we were able to put it all together and just the amount of people that were out there on shorter notice just goes to show how excited” people are about the project.

Kramer said the development should be viewed as part of a larger wave of private investment taking place across Atlantic City rather than as an isolated project.

“I mean, everybody should be excited about this,” Kramer said. “If you're a business, if you're a resident, anybody should be excited about all this development.”

He pointed to Lighthouse Row and development activity in the Orange Loop as other examples.

“It's just so exciting that all these things are finally coming to fruition,” Kramer said.

Mayor Marty Small Sr. has also characterized the project as an important addition to Atlantic City's residential market.

“We appreciate K. Hovnanian's commitment to the Great City of Atlantic City and its continued investment in bringing new housing opportunities and stability to our residential market,” Small said at the groundbreaking.

Mallozzi said K. Hovnanian believes perceptions of Atlantic City are changing beyond its traditional identity as a tourism destination.

The developer is seeing “new residential development, continued investment, new energy throughout the city,” Mallozzi said at the groundbreaking, along with a growing belief that Atlantic City is not only a place to visit but a place to live.

For Kramer, the construction now taking place at the Inlet is tangible evidence that projects discussed for months and years are beginning to become reality.

“Anybody who had any doubts at some of these big-name projects like K. Hovnanian, look no further than last week,” Kramer said. “We had the official groundbreaking ceremony.”

And now, he said, the next stage is beginning.

“You're gonna start seeing work up and up and up and up.”