Blog·South Jersey development brief

Ocean City's condemned Seaspray
is coming down

The condemned Seaspray complex at 34th Street and Bay Avenue is being gutted for demolition, and a four-story building with 43 condos goes up in its place, with construction starting in early 2027.

Ocean City · Cape May · August 15, 2026

Developer's estimate $700s ESTIMATED, TWO-BEDROOM
What was reported
  • Conshohocken firm The How Group bought the condemned Seaspray complex in late 2025 for $5.96 million and has started gutting it for demolition
  • Its VP of development estimated two-bedrooms in the mid to high $700,000s and three-bedrooms near $900,000. Prices have not been set
  • The replacement is four stories and 43 units, with an outdoor pool, cabana seating and the first green roof in Ocean City. The build runs about three years

Reported by OCNJ Daily. Summary in our words.

The How Group of Conshohocken, Pa. bought the condemned Seaspray complex at 34th Street and Bay Avenue in late 2025 for $5.96 million and has started gutting the interiors for demolition. The property had been listed at $7 million in 2024. A worker on site said the buildings were expected to come down within a couple of weeks.

The replacement is a four-story building with 43 condos, up from the 32 units in the old Seaspray, with 87 off-street parking spaces per planning board documents. Amenities include an outdoor pool with cabana seating, a fitness center, EV charging, a porte cochere, a dog wash and a green roof, described as the first of its kind in Ocean City. The How Group was scheduled to go before the city planning board in July for final site plan approval.

Prices are not set. John Pack, the developer's vice president of development, estimated two-bedrooms in the mid to high $700,000s and three-bedrooms near $900,000, with construction starting in early 2027 and the build running about three years. No unit sizes have been given.

The Seaspray dates to the 1950s as a motel, was converted to condos in 1981 and was red-tagged unsafe for human occupancy in 2024. Litigation among its owners led a court to appoint a receiver to sell the property, and City Council designated the site as in need of rehabilitation to allow the redevelopment. Cape May County recently completed a $5.8 million reconstruction of 34th Street beside it, the city's second-busiest entrance after the Route 52 Causeway.

Summary of reporting by OCNJ Daily, in our words. Prices are the developer's own estimate, are not set and can change, as can plans and timing. General information, not advice about any specific property. The JK Realty Group, brokered with OMNI Real Estate Professionals. Equal Housing Opportunity.

Our take

New condos usually sell at a premium, and buyers compare older units against them. If you own a condo in Ocean City, two-bedrooms estimated in the $700,000s can give buyers a higher reference point for yours, so it is worth asking what it would bring.

Curious what your Ocean City condo would bring? Let's talk.

More from the blog

All posts →