Peter Tomai Leading NJ Development for Madison Marquette

Peter Tomai

ASBURY PARK, NJ—Madison Marquette has named industry veteran Peter Tomai as managing director, investments. In this role, Tomai will lead the next phase of Madison Marquette’s value add development efforts. Initially focusing on the company’s New Jersey assets in Asbury Park, Montgomery Township and Harrison Township, he will also be managing capital and investor relations in connection with these assets and follow-on investments. “ Peter Tomai’s investment management experience leading complex ventures made him an obvious match for Madison Marquette’s broad engagement with transformational projects,” says Eric Hohmann , president of Madison Marquette . “His strategic perspective and record of success and innovation with every aspect of development execution make him uniquely suited to emerging projects like Asbury Park, Richwood and Montgomery.” Under Tomai’s direction, Madison intends to break ground on at least one new retail mixed-use development and advance its ongoing re-invention of the Asbury Park Waterfront with the renovation of the historic Fifth Avenue Pavilion and Band Shell in Asbury Park. “I am thrilled to help lead Madison’s drive to create successful, memorable places,” says Tomai .  “The opportunity to deploy my passion for engagement and sustainability to the benefit of our customers, communities and investors could not be more exciting.” Before joining Madison Marquette , Tomai’s public company experience included serving as senior vice president of Great Wolf Resorts , where he led the development of more than 2.5 million square feet of mixed-use destination resort product , and as executive vice president of American Skiing Company. Tomai also founded and grew a vertically integrated private development firm that focused on mixed-use master-planned communities, adaptive reuse, and resort condominium-hotel projects. He began his career at National Westminster Bank , where he specialized in M&A, commercial real estate, and was a central member of the bank’s asset recovery committee. He studied mechanical and management systems engineering at Rensselaer Polytechnic Institute and received a degree in finance and international business diplomacy from Georgetown University . Madison Marquette has been leading the redevelopment of Asbury Park, with a 300,000+ square foot re-imagination of the historic boardwalk that has helped restore the broad appeal of the storied Atlantic shore beachfront community. In addition to Asbury Park, Madison Marquette is also establishing Richwood, a new 385-acre mixed-use destination in Harrison Township , NJ and developing Montgomery Promenade, a 270,000 square foot town center near Princeton University in Montgomery Township.