New Jersey
‘Extremely unique’ NJ mansion that cost $27M to build heads to auction with a $10M reserve price
![‘Extremely unique’ NJ mansion that cost M to build heads to auction with a M reserve price ‘Extremely unique’ NJ mansion that cost M to build heads to auction with a M reserve price](https://nypost.com/wp-content/uploads/sites/2/2024/08/88361754.jpg?quality=75&strip=all&w=1024)
An enormous custom estate is now up for auction in southern New Jersey — and although it cost its creators some $27 million to build, the reserve price is just $10 million.
Located a 30-minute drive from Philadelphia, straddling the border of two townships — Moorestown and Cinnaminson — the approximately 40,000-square-foot compound is currently accepting bids through Oct. 9, the Wall Street Journal first reported.
The megamansion’s owners, the pharmacological entrepreneurs Calvin and Orsula Knowlton, decided to try the auction route after struggling to find a buyer through a traditional listing, the married couple told the Journal.
“It’s extremely unique, but it’s extremely unique in particular for this neighborhood and this particular marketplace,” added Misha Haghani of the auction company Paramount Realty USA, which is handling the sale in collaboration with Kevin Steiger of Kurfiss Sotheby’s International Realty. “It’s a home for which there are almost no comps.”
The Knowltons paid $640,000 for the 7-acre property in 2017. They initially, and simply, planned to restore and expand the early 1800s era farmhouse on the lot.
The farmhouse turned out to be moldy beyond repair, but demolition of it proved a bureaucratic nightmare involving both townships’ zoning and planning authorities.
Finally, in 2018, construction started on what ended up being a colossal and still not entirely finished homebuilding endeavor (the Knowltons eventually decided to stop working on the behemoth, as its next owner may have different preferences), according to the Journal.
As it stands, the four-story residence boasts amenities including a chapel, a home theater, a wine cellar, six fireplaces, a golf simulator and an English-style pub. There’s even what Calvin Knowlton called “the most giant reflecting pool I’ve ever seen,” a double-height foyer with dual curved staircases, a sprawling dining room, and a sauna-equipped gym that can be accessed by what the listing describes as “a unique tube elevator” in the primary suite’s bathroom.
The exterior was inspired by Philadelphia’s Second Empire-style city hall building.
Although the Knowltons moved into the manor back in 2022, they’ve been spending the majority of their time at their home on North Florida’s Amelia Island, and are selling as they anticipate continuing to mostly be there, they told the Journal.
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New Jersey
Young woman killed by boat propeller near Harvey Cedars, New Jersey
![Young woman killed by boat propeller near Harvey Cedars, New Jersey Young woman killed by boat propeller near Harvey Cedars, New Jersey](https://assets3.cbsnewsstatic.com/hub/i/r/2024/08/27/c9114f2c-0bb0-4d6e-8d9e-916279126f17/thumbnail/1200x630/b4110bca8ff62e778705e72b8cac3644/brigantine-bad-beach-closed-drone-8-2-24tg-frame-4597.jpg?v=29ebd300d9a3cd24077d945a46991f72)
HARVEY CEDARS, N.J. (CBS) — A young woman died over the weekend after she was hit by a boat propeller off of Long Beach Island, New Jersey State Police said Monday.
According to the department, 18-year-old Zeina Mahafzah, of Wayne, New Jersey, was on a raft being pulled by a boat on Sunday, Aug. 25 when she was hit by the propeller as she tried to get back on the vessel.
NJ State Police said she suffered “fatal injuries” as a result of the impact, which happened just off Sunset Park in the Harvey Cedars Borough.
On Monday, the Harvey Cedars Police Department said on Facebook they were working with New Jersey State Police on the investigation, and asked people to “keep the family and community in your thoughts and prayers.”
The fatal incident remains under investigation, according to NJ State Police.
New Jersey
Bomb Threat Prompts Community Medical Center Evacuation In Toms River
![Bomb Threat Prompts Community Medical Center Evacuation In Toms River Bomb Threat Prompts Community Medical Center Evacuation In Toms River](https://patch.com/img/cdn20/users/22821257/20240826/074728/styles/patch_image/public/jersey-coast-community-bomb-scare___26194440603.jpg)
TOMS RIVER, NJ — A bomb threat led to the partial evacuation of Community Medical Center in Toms River on Monday night, authorities confirmed.
A device that was believed to be an explosive was determined to be fake by the New Jersey State Police bomb squad, the Ocean County Sheriff’s office said.
The bomb scare was located in the emergency room, and some patients were evacuated, according to multiple reports.
Find out what’s happening in Toms Riverwith free, real-time updates from Patch.
Vehicles from the Ocean County Sheriff’s Office and the Toms River Police Department were blocking entrances to the hospital during the investigation, according to photos published by Jersey Coast Emergency News.
Additional details were not immediately available.
Find out what’s happening in Toms Riverwith free, real-time updates from Patch.
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New Jersey
NJ American Dream Bondholders to Get Paid on Grant-Backed Debt
![NJ American Dream Bondholders to Get Paid on Grant-Backed Debt NJ American Dream Bondholders to Get Paid on Grant-Backed Debt](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i9ikPsp0v8ho/v2/1200x800.jpg)
Holders of $287 million of municipal bonds sold to help finance the construction of the American Dream mega-mall in New Jersey’s Meadowlands are poised to receive overdue interest next week after two years of missed payments.
The unrated bonds, which are backed by New Jersey economic development grants, skipped payments after documentation necessary to appropriate the funds ran into hurdles. New Jersey officials needed to certify a project cost statement and the state Treasury had to calculate the grant amount. The grant funds are tied to tax revenue derived from sales at the mall, which saw double-digit year-over-year increases the past two quarters.
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