The “Bamboo” name may just live on after all.
Just over a year after the legendary Bamboo Bar nightclub was demolished on the Boulevard in Seaside Heights, its new owner has begun marketing what is hoped to be a mixed use development that will contain 48 apartments with luxurious amenities as well as ground-floor commercial space. In an homage to the history of the property, the complex is tentatively named “The Lofts at Bamboo.”
Daunno Realty Services has launched a website featuring renderings of the future complex and a description of the vision for the property. A far cry from the nightclub, decked out with neon palm trees and strobe lights galore (which led to years of fame on the MTV show “Jersey Shore”), its replacement is envisioned as a subdued, modern mixed use property that conforms to an overall aesthetic look that is sought for the re-imagined Boulevard business district as it is redeveloped block-by-block. The Bamboo property is located between Franklin and Lincoln avenues.
The property was sold at auction in 2020 following the bankruptcy of Saddy Family LLC, a holding company operated by John Saddy, a longtime luminary in the Seaside Heights nightclub world. The parcel was sold for $1,058,000, according to county tax records, and the vacant lot is currently assessed at $1,115,600. It is currently owned by TKD Holdings, which is being represented by one of the principals of the company, Rudy Daunno III, who is acting as broker.
Though it has yet to be presented to the planning board for a full hearing, initial plans call for a 5.5-story complex with 48 apartment units. There will also be a pool, gym, and a public meeting and events room with ocean views. In line with the overall Boulevard redevelopment plan, it is expected that some ground-level commercial space – either retail or restaurant – will be included in the formal presentation to the board. Likewise, it is expected that there will be a parking deck beneath the living spaces.