The Jersey Shore is notorious for charging for access to the beaches. These cookies track visitors across websites and collect information to provide customized ads. Submissions requiring additional support services e.g., to amend content or to effect payment will not be published. Feb 27, 2023 An artist's rendering gives a beachfront view of the grand hotel being proposed by Eustace Mita, owner and chief executive officer of Icona Resorts, in Ocean City. They haven't had a new hotel there in more than half a century. Community Rules apply to all content you upload or otherwise submit to this site. He has completed the acquisition and leasing of millions of square feet of real estate throughout the United States. of hospitality. Jeet Sarkar is the Vice President of Information Technology, at The Center for Breakthrough Medicines. Dr. Lee previously built the Cell Therapy Platform team at Janssen Pharmaceuticals. An artists rendering gives a beachfront view of the grand hotel being proposed by Eustace Mita, owner and chief executive officer of Icona Resorts, in Ocean City. He said the erosion of hotel rooms in Ocean City, a result of what he termed condomization of previous hotel space, is a danger to an economy built on tourism. OCEAN CITY Developer and hotelier Eustace Mita brought a proposal for a $175 million luxur. He is the Chairman and CEO of Icona Resorts, along with the Chairman of Mita Management, a company with interests in the automotive and real estate industries. His prior roles also included responsibility for Supply Chain for Baxter Bioscience. He was responsible for developing and maintaining strategic manufacturing relationships for autologous, allogeneic and gene-mediated cell and gene therapies, and strategic partnering in biologics services, Prior to that he served as Commercial Chief with primary responsibility for alignment of strategic partnering, business development efforts, and external collaborations. No racism, sexism or any sort of -ism This cookie is set by GDPR Cookie Consent plugin. Invalid password or account does not exist. He previously served as in-house corporate counsel for US subsidiaries of a large global company, and outside counsel at the law firms Dentons US LLP and Orrick LLP in New York. Icona Resorts Email Formats and Examples Enter employee name to find & verify emails, phones, social links, etc. Eustace Mita, poses for a photo in front of a former theater along Beach Ave. in Cape May, N.J. Wednesday, April 20, 2022. Upon request to Advertise@cmcHerald.com a link to the published article will be transmitted via email. Mita is proposing to buy the city-owned land adjacent to Mayor Jay Gillians Wonderland Pier, which Mita invested in when the banks called millions of dollars in loans at the Pier. Keep reading to see if your favorite beach town made the cut. Sign up for a digital subscription to The Press of Atlantic City now and take advantage of a great offer. The envisioned seven-story hotel would include 325 rooms and cost about $175 million. Ocean City mayor opposed to boardwalk hotel proposal. Icona Resorts, the developer behind multiple luxury hotels at the Jersey Shore, is seeking to build a massive project on the Ocean City Boardwalk next to Gillian's Wonderland Pier. PHL17's Alyssa Sullivan has the story. In addition to acquiring the land, Mita would also need to the city to waive zoning laws that ban hotels along the boardwalk. MORE NEWS. CBMs viral vector capabilities efficiently and consistently delivers high yields in AAV, Lentivirus, HSV and Adenovirus vectors, accelerating the development of new therapies. Eileen built a high-performing team and delivered on a portfolio that grew 400% in 4 years spanning Pre-Clinical to Launch across Mabs, multi-specifics, conjugated Mabs, protein vaccines and cell and AAV gene therapies, and also chaired CMC Governance Council deciding and aligning on specific strategies pertaining to cell and gene therapy FIH, Phase III FPI, comparability and BLA resulting in specific CAR-T FIHs, BLAs and AAV FPIs. He has 40 years of experience in the Life Sciences contract services field and most recently served as Vice President and Head of Strategic Alliances at WuXi Advanced Therapies. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. ICONA Resorts is based in Wildwood, New Jersey. We'd love to hear eyewitness A business partner of Mayor Jay Gillian Eustace Mita unveiled the plans and renderings for the hotel along the Ocean City boardwalk during a lengthy presentation at last week's council meeting. Matt has over 19 years of finance and business experience in clinical and basic research of immunology, oncology, cell and gene therapy, and infectious diseases. NEW: Ocean City's mayor says he cannot support the proposal.OCEAN CITY, N.J. (CBS) -- A developer is proposing a $150 million hotel for the Ocean City Boardwalk. The location is between 5th and 6th Streets between Ocean City High School and the beach. Eustace Mita, current CEO and Chairman for ICONA Resorts, is also an Archbishop John Carroll Alumni. Icona Resorts CEO Eustace Mita described his plan to purchase and develop the municipal land between Fifth and Sixth streets, which is currently a large public parking lot. Sign up for our newsletter to keep reading. New Jersey is happy! Today, youth Cape May - RE: The Avalon comment on who is the responsible president in office now? The seven-story structure designed in the style of a turn-of-the-20th-century grand hotel Submissions must conform to our comment standards (https://www.capemaycountyherald.com/site/comment_standards.html) and must constitute appropriate use of the English language. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Necessary cookies are absolutely essential for the website to function properly. But some residents say the boardwalk is not the right place for a resort-style hotel and could change the character of the city. Prior to this, Mandy was a key contributor to Bio-Rad Laboratories's strategic focus in the BioPharma market, where she created a BioPharma-focused commercial team that spear-headed the company's early entry to the cell and gene therapy space. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Prior to WuXi, he served as Executive VP and Chief Business Officer at Althea Technologies following his service at Genzyme where he held a Senior Regulatory Coordinator and VP of Biopharm Development Services position. Click here to contact an editor about feedback or a correction for this story. Icona Resorts' massive eight-story hotel proposed for a plot of land between Ocean City High School and the beachfront would feature 325 rooms, a pool overlooking the boardwalk, upscale shops and more. Renderings of the hotel provided by DAS Architects show the hotel would be about eight stories tall. Joerg Ahlgrimm is the Chief Executive Officer of SK Pharmteco. Prior to joining, Mike spent seven years as the V.P of Quality Assurance and Regulatory Affairs at WuXi Advanced Therapies and held similar leadership roles supporting the commercial manufacturing of API's. Companies turn to LeBow for partnership, solutions and the next generation of leaders. Popular Searches Icona Resorts Icona ICONA Diamond Beach Coastal Blue Oceanside Bar & Grill We wrap up the news from the Shore you love, and deliver it to your inbox, weekly. Dana has a Masters in Microbiology from Thomas Jefferson University, a Bachelors in Biology from Rutgers University, an Executive Education Certification from The Wharton School, and a PMP (Project Management Professional) certification. Audrey has an MBA from The Wharton School and is a registered CPA in Illinois. His prior roles also included responsibility for Supply Chain for Baxter Bioscience. Mita walked the council through the other hotels in the Icona brand: Icona Diamond Beach, his first hotel property in Cape May County, Icona Avalon, Icona Cape May and others. He is an experienced industry leader in life sciences, specifically, biologics and advanced therapies. OCEAN CITY - Eustace Mita, owner and chief executive officer of Icona Resorts, made a presentation to Ocean City Council Feb. 23, in which he spoke of his desire to build a grand hotel in the style that was popular at the turn of the 20th century. Gillian brought Mita in as partner 2021 to Wonderland Pier, which was about $8 million in debt. "We're eating our own livelihood," Mita said. Dennis Twp, Plans for a $150 million hotel on the Ocean City Boardwalk are on hold. You also have the option to opt-out of these cookies. Admissions experts with one goal to help you soar like a Dragon. When asked after Mitas Ocean City presentation if Mita had made any attempts to move on developing the Beach Avenue site in Cape May, Mayor Zack Mullock said, We havent heard anything from him.". Mr. Prior to this Matthew served as a member of the UPENN-Novartis Global Program Team under Dr. Carl June and was responsible for a $50MM annual clinical development plan focused on FDA approval of cutting-edge CAR T cell therapy Kymriah in pediatric patients with relapsed acute lymphoblastic leukemia. You have permission to edit this article. More recently Dr. Wilsons laboratory has focused on improved vectors for gene therapy and clinical applications of genome editing and mRNA. Please avoid obscene, vulgar, lewd, The most recent stock trade was executed by Shane M. Spradlin on 22 February 2023, trading 4,389 units of PAG stock currently worth $654,180. Joerg Ahlgrimm is the Chief Executive Officer of SK Pharmteco & Board Member at The Center for Breakthrough Medicines. Use the 'Report' link on Sybil Danby, Senior Vice President of Business Development and Strategy. Here are 10 houses along New Jersey's coastline for an Insta-ready beachfront staycation. Cheryl has a dual MS in Biochemistry from University of Mumbai & in Molecular Biology from Virginia Tech. With a love for picturesque waterfront homes and an eye for luxury living, it was only natural that Eustace would eventually combine his two passions by spearheading Achristavest Developers. Analytical cookies are used to understand how visitors interact with the website. . Icona. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. ICONA Resorts Location 9701 Atlantic Ave, Wildwood, New Jersey, 08260, United States Description Industry Hospitality General Hospitality The group led and supported end-to-end therapy discovery and development across nearly a dozen CAR-T programs, including the recently approved cilta-cel (Carvykti). Eustace's great uncle owned one of the first hotels in Avalon, NJ, The Puritan Hotel, and one of his first jobs was as a bus boy at The Princeton. Icona Resorts operates eight hotels in Avalon, Cape May and the Diamond Beach section of Lower Township. Cheryl Paes has over 20 years of experience in the pharma/biopharma industry with 15+ of those years in B2B marketing of platform and professional services. Questions? or anything.Be Nice. Del Haven - Firearm suicide is having a devastating impact on American youth. Mita says the hotel would boost tourism, create hundreds of jobs and bring tax revenue to the city. Icona Resorts' massive eight-story hotel proposed for a plot of land between Ocean City High School and the beachfront would feature 325 rooms, a pool overlooking the boardwalk, upscale shops and more. Previous: Angelo Camano Dear Friends, After consideration of the ICONA presentation to City Council at their February 23 public meeting, I spoke to Eustace Mita to express my concerns. Prior to Lonza, he headed the Manufacturing network of Baxter Bioscience/Baxalta with 17 plants, a significant CMO network and the largest plasma collection division of the company. Brian O'Neill is the Executive Chairman of the Board for The Center for Breakthrough Medicines and is the Founder, Chairman and CEO of MLP Ventures, a leading venture capital and real estate investment firm, and Recovery Centers of America. All three properties have been recognized among the top 50 hotels in The United States on Trip Advisor. We won't share it with anyone else. Matthew Farabaugh is the Chief Financial Officer of The Center for Breakthrough Medicines. There was a problem saving your notification. Our website is directed to a U.S.-based audience; our content may not be accessible to some international audiences due to technology restrictions. Currently working as Chief Operating Officer at ICONA Resorts in New Jersey, United States. Eustace Mita Director at Center for Breakthrough Medicines About Eustace Mita is board member for The Center for Breakthrough Medicines and Chairman and Chief Executive Officer of Icona Resorts, which owns and manages hotel properties in Avalon, Diamond Beach and Cape May, New Jersey. Despite the fact he is a business partner with Mita, and the proposed hotel would be adjaent to the Gillian's Wonderland Pier they share interests with, Ocean City Mayor Jay Gillian says he "can not and will not" support the plan. CBM has one of cell therapys most experienced teams and the largest single site facility in the industry. The lunches are https://www.capemaycountyherald.com/site/comment_standards.html. Prior to forming Mita Management and Achristavest, James M. Wilson, MD, PhD, is a Professor in the Perelman School of Medicine at the University of Pennsylvania where he has led an effort to develop the field of gene therapy. You have permission to edit this article. Eustace Mita, owner and chief executive officer of Icona Resorts, made a presentation to Ocean City Council Feb. 23, in which he spoke of his desire to build a grand hotel in the style that was popular at the turn of the 20th century. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. PLEASE BE ADVISED: Soon we will no longer integrate with Facebook for story comments. Upper Twp & ICONA Resorts Owns and operates three beachfront resorts throughout New Jersey. Plans were submitted last Thursday, Feb. 23, to the Ocean City Council meeting to construct a huge $150 million luxury hotel complex in the area of 5th and 6th streets near the boardwalk.
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