Interesting quotes from the article:
“Work is expected to start this summer on a deluxe condominium on the boardwalk, next to the upscale Allegria Hotel. Plans by the developer, theEngel Burman Group, call for 10 full-floor units with three bedrooms and a den, with prices starting at $2.5 million.
“Damaged bungalows are being lifted and rebuilt, and in some cases being sold to young families and empty nesters from Manhattan and Brooklyn, according to Alex Rubin, an associate broker with Douglas Elliman.”
“The progress that has been made has enticed buyers like Win and Liz Goldman, who sold their home in Huntington, N.Y., in March for $750,000 and paid $665,000 for a two-bedroom two-bath townhouse here, across from the beach. Mr. Goldman called the boardwalk “a gathering place” akin to Central Park. He added, “I chose Long Beach partly for its proximity to the water but also for its vibrant community.”