Ahead of that date, BG Capital has provided Wildwood 365 with an overview and renderings of what is preliminarily being referred to as “100 E. Magnolia.”
The location is the former St. Anne’s/Cape Trinity School property, a 1.75 acre tract that stretches east to west from Pacific to New Jersey Avenue, and north to south from Magnolia (hence the name) to Glenwood.
Plans call for the construction of 38 residential units and eight total structures.
Duplexes will front Pacific Avenue, while the Magnolia and Glenwood sides will be lined with townhouses. These buildings will be three stories, with entry and garage spaces on the first levels.
A single-level building housing the on-site office, storage and pool house will front the angled New Jersey Avenue side (closer to the Glenwood corner).
An interior court will feature over 11,000 square feet of recreational space, including two pools, two kitchens with pergola coverings, hot tubs, fire pits and an area for outdoor games.
There is no exact timetable on construction at this point, as both the developer and the City of Wildwood await word from the state on recently-discovered language as it relates to CAFRA permits for large-scale projects.
Removal of the old school building on the west side of the property had begun but has been paused; the rectory/parish house, near the northwest corner of Pacific & Glenwood, was demolished earlier this month.
The 100 E. Magnolia project is the latest in a series of major moves by Philadelphia-based BG Capital, which has already begun to reshape Downtown Wildwood’s Pacific Avenue corridor.
Back in October, approval was given for the construction of The Residences at Pacific, a 28,000 square foot residential complex, which will include street-level commercial units on the east side of the 3600 block of Pacific Avenue, spanning north-south from Schellenger to Lincoln Avenues.
Construction will begin after the demolition of the vacated buildings on the block, which formerly housed such famed nightspots as M.T. Bottle, 2nd Street Annie’s and the Fairview Cafe.
Last month, BG Capital announced that it had acquired the entire west side of the 3800 block of Pacific Avenue, including the defunct VFW Post 3509 building and the former home of Joey M’s La Piazza Cucina (Joey M’s current restaurant is alive and well, across the street at 3813 Pacific).
Future plans for this block have not yet been announced, though a BG representative did tell us that the restaurant space at the north end of the block is likely to be utilized in some capacity this summer.
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