A $25 million beachfront property in Ocean City — with already-approved plans to build a huge resort — hit the market last week seeking a major developer to construct the project.
The Soleil Resort is slated to rise at 1101 Ocean Avenue across from the Flanders Hotel and near the boardwalk in the Cape May County shore town. It is a nearly 2-acre property approved by the city for a 111-unit condominium hotel development.
Developers are marketing the property as “shovel-ready” because they received a permit to begin building the resort in 2018, according to the real estate listing. The site is currently a large parking lot…