An artist's rendering of a proposed oceanfront hotel in Ocean City. Emily Moran is Vice President of Vector Manufacturing at Center for Breakthrough Medicines. 18 Ratings from one Icona Inc employee. Our team has led gene & cell therapy programs at innovator companies and CDMOs, including pioneers who are among the small universe of people to have taken advanced therapies to commercialization. Since he joined SK Inc. in 2013, Yeontae has been actively investing in the biopharmaceutical industry, especially in the CDMO sector. Eustace Mita, current CEO and Chairman for ICONA Resorts, is also an Archbishop John Carroll Alumni. He has a BS in Microbiology from Duquesne University, an MS in Molecular Biotechnology from the University of Pennsylvania and finance training from the Wharton School of Business. 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.". It's a seven-story luxury hotel with 325 rooms that would change the skyline of Ocean City. He enjoys leading teams to achieve unprecedented performance levels and to create a work environment where people bring their best. Your account has been registered, and you are now logged in. ICONA Golden Inn 7849 Dune Drive 609-368-5155 icona.com/golden-inn/ Eustace Mita, CEO/Chairman, from ICONA Resorts shares the secret to creating an amazing hotel business. Only content submissions which satisfy our conditions for publication will be published. Choose wisely! "We're very excited about it," Mita said. Our team brings a wealth of experience from biopharma and advanced therapy CDMOs, ensuring that there is no safer place for your product. Gross earned his JD degree from the University of Texas School of Law where he attended on an NCAA academic scholarship. ICONA Resorts has hotels throughout Cape May County. By initiating this transaction, the submitter assumes any and all liability associated with publication of the submitted content (e.g., infringement, licensing) and agrees to defend and hold the Publisher harmless. .I think it will grace the skyline.for many, many generations to come.". The property would likely need to go out to bid, as public land, and be independently assessed. Achristavest's luxury waterfront homes can be found throughout New Jersey's spectacular shoreline including Longport, Ocean City, Cape May, Avalon, and Stone Harbor. The Jersey Shore is notorious for charging for access to the beaches. The Icona Resorts is looking to build a $150 million beachfront resort with 325 rooms along the Ocean City Boardwalk. $100 Million Hotel Slated for Cape May. Icona Resorts is expanding to its Jersey Shore portfolio, buying the 57-year-old oceanfront Windrift Hotel in Avalon. Both presented buildings of varying heights, with the proposal for Ocean City being a hotel that reaches its high point of eight stories in the center of the structure, then cascading down to a shorter structure, as it approaches a residential area on one side and an amusement park on the other. index 1000 important lee registration wall .dismiss regwall, lee registration wall .title span, lee registration wall .lee reg content display none lee registration wall .modal content box shadow 0px 7px 15px 1px rgba 0.12 border 1px. You have permission to edit this article. Dr. Marco Chacn is the Non-executive Chairman of the Board for The Center for Breakthrough Medicines and the Founder and former Chairman of Paragon Bioservices, Inc., a CDMO that specialized in process development and GMP manufacturing of viral vectors for gene therapy. "We're grateful that Eustace and his family will continue our dad's and our uncle's legacy. Icona Ocean City is proposing building a $150 million hotel on the boardwalk between 5th and 6th Streets. He was previously Finance Manager at WuXi Advanced Therapies where he was responsible for revenue and contract management of $100MM in US revenue for research, manufacturing, and testing portfolio related to cell and gene therapy products. Sponsored Content Articles Policy & Procedure. He oversaw the capital investment and capacity expansion for advanced therapies manufacturing at the Philadelphia Navy Yard campus. He possesses more than 15 years of clinical research and cell therapy experience including positions at The Wistar Institute, Janssen Pharmaceuticals, and GlaxoSmithKline. You are kidding, right? Mita said that Ocean City had about 3,000 hotel rooms in 2000, but construction of large homes and condos has dropped the number to about 750. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. The commenting option is not going away, however, readers will need to register for a FREE site account to continue sharing their thoughts and feedback on stories. Both proposals presented conceptual designs that show a grand building of a size that dwarfs any rival in either city. A $150 million luxury hotel has been proposed near the Ocean City Boardwalk. He also has 10+ years experience in vaccine and viral vector development including, AAV, adenovirus, herpesvirus, alphavirus, lentivirus, and RNA, past experiences include: AveXis / Novartis Gene Therapies Global Head of Technical Development Seqirus / CSL Head of Virology and Cell Culture, Process and Product Development Lead Novartis Vaccines and Diagnostics Technical Development Scientist, R&D Microbial and Molecular Scientist Harvard Medical School Viral Pathogenesis Scientist. The city currently owns the property, and plans would . Analytical cookies are used to understand how visitors interact with the website. The location is between 5th and 6th Streets between Ocean City High School and the beach. our hope would be to break ground sometime in the fall," said Eustace Mita, founder, chairman, and chief executive. Broadening our geographic footprint, we also develop and build residential properties in beautiful locales like Nantucket, Massachusetts, Chesapeake Bay, Maryland, and Park . Community Rules apply to all content you upload or otherwise submit to this site. This is the name that will be displayed next to your photo for comments, blog posts, and more. Half a Car became a powerhouse and eventually was sold in 2000 for many millions. Icona Resorts operates eight hotels in Avalon, Cape May and the Diamond Beach section of Lower Township. The city would also have to change zoning laws because hotel development is banned on the boardwalk. These cookies track visitors across websites and collect information to provide customized ads. Our website is directed to a U.S.-based audience; our content may not be accessible to some international audiences due to technology restrictions. Mitas August Convention Center presentation to Cape May residents was the last public discussion of the Cape May hotel proposal. No credit card required. Previous: Angelo Camano Mita unveiled the proposal during a city council meeting Thursday night. The seven-story structure designed in the style of a turn-of-the-20th-century grand hotel . In April of 2019 Paragon Bioservices, Inc. entered into a definitive agreement of sale for $1.2 billion with Catalent. Yeontae has a Degree in Economics from University College London. Mr. To find out. Eustace was the middle child in a family of five children. Today, youth Cape May - RE: The Avalon comment on who is the responsible president in office now? The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Explore Careers > Eustace can be found on the beach with his beautiful wife, Susie, their five children, and their families, including their sixteen grandchildren. His tenure as Chairman and CEO at Achristavest follows a successful career path in a multitude of businesses with a focus on real estate. Get up-to-the-minute news sent straight to your device. SVP of Testing Analytical Services, & Plasmids, SVP of Business Development for Testing & Analytics. Eustace Mita, poses for a photo in front of a former theater along Beach Ave. in Cape May, N.J. Wednesday, April 20, 2022. Then in 1989, he joined forces with his uncle, who founded a company called Half a Car, which revolutionized the car industry. We won't share it with anyone else. Winds E at 20 to 30 mph. Submitting this form below will send a message to your email with a link to change your password. R&D, PD, and Commercial systems for therapies involving biotechnology, plasma, autologous and allogenic cell and gene. New Jersey is happy! First published on February 26, 2023 / 7:08 PM. Please subscribe to keep reading. Dennis Twp, NOTE: Please consider a digital subscription or contribution. Then his interests shifted more to real estate and hotels. 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OCEAN CITY Mayor Jay A. Gillian said Tuesday he is choosing not to support a proposal by local hotel mogul Eustace Mita to build a 400,000-square-foot hotel between Fifth and Sixths streets near Ocean City High School and Gillians Wonderland Pier. There was a problem saving your notification. You might be able to find more answers by using these: use up More crossword > answers We found 8 answers for the crossword clue Burn upcrossword clue Burn up To accomplish your publication purchase, you must be logged-in as a website user: https://www.capemaycountyherald.com/users/signup. Dana Cipriano is Vice President of Testing and Analytical Services The Center for Breakthrough Medicines. Saying that Ocean City has not had a new hotel built for 50 years, Mita said he had the best possible site in mind for such a venture. 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. 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. Eustace says there are difficult times . You have permission to edit this article. This cookie is set by GDPR Cookie Consent plugin. Sign up for our newsletter to keep reading. "We couldn't be happier to welcome the Windrift Hotel to the ICONA family," said ICONA Resorts Founder Eustace Mita. They sure have proven their ability to do it. Eustace has an uncanny ability to coordinate and focus a teams energies. This fee is non-refundable. But many residents and visitors CBS Philadelphia talked to have concerns. "We dont want it to be the nicest in Ocean City, we want it to be the nicest on the East Coast.. PHL17's Alyssa Sullivan has the story. When Mita had brought his $150 milliongrand hotel proposalto Cape May last year, he sought to have the city designate the Beach Avenue site he had already purchased as an area in need of redevelopment. He is the former Head of Global Operations Pharma and Biotech at Lonza AG where he was responsible for 37 sites on four continents. He is an Operations and Supply Chain Management Executive who has served in multi-billion dollar companies operating in biotech, vaccines, pharmaceutical and medical device markets. 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. Eustace Mita works as a Chief Executive Officer at ICONA Resorts, which is a Hospitality company with an estimated 325 employees; and founded in 2013. Jennifer earned a Bachelors degree in Biological Sciences from Clemson University and a Master of Public Administration, Health Policy and Management from New York University. Avalon-based Icona Resorts has proposed investing about $100 million, according to news reports, . Mita is a partner of Mayor Jay Gillian's Wonderland Pier, which is located right next to the would-be resort. Click here to contact an editor about feedback or a correction for this story. Last year, Icona proposed a $150 million, 160-room hotel for a former theater site in Cape May but faced obstacles as reported here. OCEAN CITY Raj Khatiwala has about two weeks before he can start work on 801 Asbury Ave., a high-rise office building downtown. each comment to let us know of abusive posts.Share with Us. Rich has a Degree in Civil Engineering from Drexel University and an MBA in Finance from LaSalle University. I told Mr. Mita that while I understand the need for hotel rooms in Ocean City, I cannot and will not support his proposal to the council, Gillian said in a statement. Windy with light rain likely. Emily enjoys leading and developing large, high-performing teams and building patient and asset centricity. Alan oversees new client development and on-boarding, building strategic partnerships and collaborations. Eustace Mita is the Chairman and CEO of Icona Resorts, Chairman of Mita Management, and CEO of Achristavest, LLC.