According to Rudy Daunno III, president of Daunno Realty Services and the project's broker, the renowned Boulevard nightclub, which could hold up to 3,450 partygoers in its heyday, would make way for 48 for-sale residential units and two retail spaces on the first level.

The Bamboo building was purchased after it went up for sale last year. In 2019, the parent company of The Bamboo Bar and Karma, a second Seaside Heights club, declared bankruptcy.

"It's an amazing endeavor," Daunno said. "I grew up going to Seaside in the summers, so seeing the town restored to its former glory is fantastic." "They've spent a lot of money on these seaside structures to entice people back to Seaside." The Boulevard development, I believe, is the next step in that process."

The Bamboo will be replaced by four levels of luxury condo units, with stores along the Boulevard's ground floor. The rebuilt structure, according to Duanno, will pay homag.