Blatstein Details Plan for 100,000 sq. ft. Entertainment Space at Atlantic City’s Showboat

Show Boat Atlantic City New Jersey

The owner of Atlantic City’s Showboat property has unveiled plans for an expansion that will create New Jersey’s largest arcade, a sports bar, and other offerings at the former casino.

Bart Blatstein, CEO of Philadelphia-based Tower Investments Inc., is eyeing a May 15 opening for what he calls Lucky Snake at Showboat. Along with the 100,000-square-foot arcade, the 25,000-square-foot sports bar will feature a boxing ring, with plans also calling for indoor venues for live entertainment, a speakeasy, and improved convention and meeting spaces.

The developer announced the details on Thursday after receiving approval last week.

“This is a very exciting time for us,” Blatstein said. “We at Tower Investments are extremely proud of this hotel and are thrilled to further expand on its offerings for guests of all ages, especially families. It has always been our mission to deliver an unforgettable experience for our guests and we are delighted to bring a family-friendly and year-round resort option to Atlantic City.”

Located on Atlantic City’s iconic boardwalk, the Showboat Convention Hotel is the state’s largest non-casino hospitality venue. Tower Investments acquired the property in 2015 after it became one of several failed, shuttered gaming halls in Atlantic City, paving the way for Blatstein’s firm to repurpose to distinctive property.

On Thursday, he said his firm was doubling down on non-casino family entertainment in the resort town. To that end, the new arcade at 801 Boardwalk will include the world’s largest crane game, rising from floor to ceiling, in addition to classic games from the ’80s through today and new titles and virtual reality games.

Plans also call for basketball games, pinball, skee ball, and more, according to a news release, which said the arcade will offer redemption prizes ranging from candy to designer purses and jewelry, cars and motorcycles, and all-inclusive vacations. Packages offering guests unlimited gameplay or gameplay with food and beverage will also be available.

The sports bar will include an e-sports gaming area, as well as a 20-foot-by-20-foot boxing ring, the news release said. The indoor venues will feature live entertainment seven days a week, hosting areas for music performances and street performers.

Meantime, the speakeasy concept will be the only one of its kind in Atlantic City and will feature the famous Riviera sign that was once a staple on the Las Vegas strip, Blatstein said. He also detailed the enhanced convention and meeting spaces, which will also offer group experiences.

*Article Courtesy of RE-NJ

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

Caesars Entertainment to Invest $400M into its Atlantic City Resorts by 2023

Caesars Entertainment Inc. on April 20 released details about its $400 million master plan investment in Atlantic City, where it owns and operates three of the region’s casino destinations–Caesars, Harrah’s Resort and Tropicana Atlantic City.

The plans include remodeled room towers, freshly appointed interior design elements; enhancements to the casinos’ gaming floors, new dining concepts with acclaimed restaurant partners, and many more additions within the next three years. Caesars says these developments will bolster Atlantic City’s position as a Las Vegas-style destination market with a focus on revitalizing its world-famous Boardwalk.

The first phase of the project, a $170 million renovation of guestrooms and suites at Caesars and Harrah’s, will debut in summer 2021. Work will begin with approximately 600 guest rooms and suites in Caesars’ Centurion and Ocean Towers, as well as Harrah’s Atrium Tower. The towers will offer accommodations with spectacular views and fresh design elements in rooms ranging from 450 to 700 square feet per room.

“Building on our rich, 40-year legacy in the market, we are excited to introduce the new Caesars Entertainment to Atlantic City through our $400 million investment and development plan,” said Caesars Entertainment President and Chief Operating Officer Anthony Carano in a prepared statement. “These exciting plans over the next three years will revitalize Caesars’ brand of hospitality and will continue to position Harrah’s, Tropicana, and Caesars Atlantic City as leading resorts in the market. We remain bullish on Atlantic City, and this commitment will further position us for long-term growth and success.”

*Article Courtesy of NJ Biz

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

Ocean Casino Resort Announces $15M Reinvestment

Ocean Casino Atlantic City NJ

Ocean Casino Resort doubles down on recent success with a reinvestment of $15 million into the resort, team members, and surrounding North Beach community.

“Ocean’s interest in our people, product, and community is a testament to the progressive direction our property is moving toward as we enter into the summer months,” said Terry Glebocki, Chief Executive Officer for Ocean Casino Resort. “As restrictions are lifted and we begin reopening additional areas of our business, I am thrilled at the opportunity to present our guests with an evolving gaming experience that is unique to the market.”

On the heels of the debut of The Cove high-limit slot experience and The Loft private luxury gaming suite, Ocean continues to up the ante this summer with several additions to the casino floor. The resort will debut an all-new high-limit table games venue, unique Asian gaming space, as well as two new guest lounges for Ocean Rewards cardmembers. Also, new pathways will be installed throughout the casino so guests may easily navigate between games, including more than 250 new slot machines.

In addition to the enhancement of Ocean’s gaming floor, the resort will expand several of its non-gaming amenities, including pools and cabanas, beach, culinary hospitality, and entertainment experiences. More information about each concept will be shared in detail later this year.

As Ocean continues to build on its success, the resort remains committed to supporting team members and the community in which it thrives. On top of more than $1 million in annual wage increases and bonuses to eligible team members, Ocean and Luxor Capital Group will donate $50,000 to several local charities.

“With success comes responsibility, and there is no greater responsibility than doing what’s right,” added Glebocki. “Thanks to the hard work, determination, and commitment of our team, Ocean had a successful 2020, allowing us to issue wage increases, as well as give back to our local North Beach community.”

Through the AtlantiCare Foundation’s Growing Green Initiative, Ocean will provide community gardens located at the Absecon Lighthouse and Uptown School Complex, helping to improve nutrition practices, promote empowerment among residents, and beautify open spaces. In partnership with South Jersey Boardriders, Ocean will organize two summer beach clean-ups, as well as provide water awareness, safety education, and surf lessons for local children. In support of the Covenant House of New Jersey’s mission to provide shelter for young adults facing homelessness and human trafficking, Ocean will donate sleep and travel essentials. Furthermore, Ocean will invest in The Boys & Girls Club’s summer camp STEAM Labs where Atlantic City youth may practice digital arts, conduct scientific experiments, and learn to code.

To learn more about what’s new at Ocean Casino Resort, visit www.theoceanac.com.

ABOUT OCEAN CASINO RESORT

Spanning over 20 beachfront acres on the world-famous Atlantic City Boardwalk, Ocean Casino Resort features 1,399 guest rooms and suites; 135,000 square feet of gaming entertainment; 1,937 slot machines; 125 gaming tables; 160,000 square feet of meeting and convention space; 90,000 square feet of unique outdoor space; 4 upscale dining restaurants; 11 casual dining options; a 40,000 square foot spa; 6 signature day and nightlife experiences; and a 5,000-seat concert venue. Ocean is home to the world’s largest Topgolf Swing Suite and America’s #1 Sports Book operator, William Hill, offering both land-based sports wagering and online gaming within the state of New Jersey through its real-money gaming sites. Ocean Casino Resort is owned and operated by AC Ocean Walk, L.L.C. For more information about Ocean, please visit theoceanac.com or follow Ocean on FacebookTwitter and Instagram.

*Article Courtesy of City Biz

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

Standard Acquires, Plans To Renovate Atlantic City Senior Housing Complex

Baltic Plaza Apartments Atlantic City NJ

In its first acquisition in New Jersey, the affordable-housing arm of Standard Cos. has purchased and will renovate Baltic Plaza Apartments, a 169-unit senior housing development in Atlantic City, in a $38 million deal. 

Standard Communities, part of New York City-based Standard Cos., bought 1313 Baltic Ave. in partnership with the U.S. Department of Housing and Urban Development and the New Jersey Housing and Mortgage Finance Agency. The transaction was financed with low-income housing tax credits arranged with PNC Bank, with additional financing provided by Citibank.

The cost of the acquisition and planned capital improvements includes $10 million to update apartment units, upgrade common area and amenity spaces, and modernize building systems, according to a statement from Standard on Thursday.

“This public-private partnership will extend the affordability of all 169 units for the next 30 years and facilitate a transformative renovation that will dramatically enhance the resident experience,” Melanie Walter, NJHMFA executive director, said in a statement. 

Baltic Plaza’s units are supported by a Project-Based Section 8 Housing Assisted Payment contract.

Energy-saving improvements are expected to reduce energy consumption by 27% and water usage by 22%, collectively saving Baltic Plaza residents over $31,000 a year in utility bills, according to Standard. 

In addition, Standard will have a resident-service coordinator at Baltic Plaza to design and implement a suite of resident services and community programs. 

“Our approach to working collaboratively with federal, state, and local agencies allows us to produce high-quality affordable housing opportunities and provide access to services that allow our residents to thrive with minimal reliance on scarce public resources,” Steven Kahn, who is responsible for Standard Communities’ acquisitions in New Jersey and Pennsylvania, said in a statement. “Upon completion of the renovation next year, Baltic Plaza will be emblematic of that dedication and creativity.”

*Article Courtesy of CoStar

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

Detroit’s Ilitch Family To Buy Stake in Ocean Casino in Atlantic City

Motorcity Hotel and Casino

An entrepreneurial Detroit family that owns the Little Caesars pizza chain as well as a casino in the Motor City plans to acquire up to 50% ownership in the Ocean Casino Resort in Atlantic City, the seaside New Jersey gambling mecca that’s the nation’s second biggest gaming market.

Luxor Capital Group, a New York City hedge fund and the primary owner of the casino hotel at 500 Boardwalk, said it is “pursuing a partnership” with the Ilitch organization, a business dynasty that owns the Detroit Tigers baseball team, the Detroit Red Wings hockey team, the pizza restaurants and the MotorCity Casino Hotel.

Subject to regulatory approvals and final closing conditions, the Ilitch organization would own, through an affiliate, up to 50% of Ocean, with Luxor retaining the rest, the hedge fund said in a statement Tuesday. Terms of the deal weren’t disclosed.

Ilitch entering the Atlantic City market would be the latest twist in the ever-evolving tale of the Ocean Casino, which has undergone several ownership changes. The property debuted with a splash as the $2.4 billion Revel in April 2012, but soon struggled and was among a handful of Atlantic City casinos that closed in 2014. Straub Capital and developer Glenn Straub of West Palm Beach, Florida, acquired the hotel-casino in 2015 for $82 million.

Another investor from outside the Garden State, Denver developer Bruce Deifik, bought the property from them for $200 million in January 2018, and he reopened it that year in June. But the casino still struggled, and in January 2019 Luxor, one of the casino’s lenders, agreed to purchase it. Deifik died in a car accident at age 64 in Denver in April 2019.

In its statement, Luxor said if the deal is approved it “will give Ocean access to growth capital” and provide a strategic partner.

Ilitch Holdings owns the MotorCity Casino Hotel in Detroit. (CoStar)

“We look forward to continuing to grow Ocean in partnership with the Ilitch organization for years to come,” Luxor said.

Located on 20 beachfront acres, the Ocean Casino has 1,400 guest rooms and suites; 138,000 square feet of gaming space with 1,937 slot machines and 125 gaming tables; 160,000 square feet of meeting and convention space; four upscale dining restaurants and 11 casual-dining options; a 40,000-square-foot spa; and a 5,000-seat concert venue.

Atlantic City was in the midst of an economic comeback last year when the pandemic struck, forcing casinos to temporarily close. During the third quarter last year, net gaming revenue was $629.3 million, reflecting a 32.3% drop from the prior year, according to the state Division of Gaming Enforcement. Casinos have reopened with COVID-19 restrictions, like limited capacity, in place. Atlantic City is the nation’s second-biggest casino market, behind No. 1 Las Vegas.

The Ilitch organization didn’t immediately respond to an email seeking comment Wednesday.

But Luxor’s statement said the Detroit business “recognizes the success that the team at Ocean has achieved over the past two years and looks forward to working with the Ocean team and building on their accomplishments through continued investment in both the property and the customer experience.”

According to Luxor, “This joint endeavor will bring to Atlantic City the extensive experience that the Ilitch organization has in the gaming industry through MotorCity Casino Hotel, Detroit’s only locally owned and operated casino.”

The Ilitch companies also “represent leading brands in the food, sports and entertainment and real estate development industries and employ tens of thousands of people worldwide,” according to Luxor.

The hedge fund said it will share more details about the deal once all regulatory processes are complete.

*Article Courtesy of CoStar

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

WCRE Represents South Jersey Legal Services in the Renewal and Expansion of their 6,073 SF Office Lease

1300 Atlantic Ave, Atlantic City, NJ

WCRE is proud to have exclusively represented South Jersey Legal Services in the long-term renewal and expansion of their 6,073 square foot office lease located at 1300 Atlantic Avenue in Atlantic City, New Jersey.

South Jersey Legal Services chose to renew and expand at 1300 Atlantic Avenue due to its excellent location within the Atlantic City business and government office district. This premier multi-tenanted office building is within close proximity to The Atlantic City Expressway and provides for easy access to all points in Southern New Jersey.

South Jersey Legal Services is a non-profit organization created to provide quality legal representation and advocacy to low-income individuals in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Monmouth, Ocean, and Salem Counties.

1300 Atlantic Avenue is owned and operated by Diversified-AC, LLC.

Jason Wolf, managing principal at WCRE exclusively represented South Jersey Legal Services in this transaction.

*Article Courtesy of CityBiz

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

Trump Plaza Imploded in Atlantic City

The congregation gathered early Wednesday at the Ducktown Tavern to deliver last rites for Trump Plaza, the once gilded, later decrepit former casino built by former President Donald Trump.

In its final incarnation, 19 seconds of deliberate destruction, Trump Plaza took its place alongside Atlantic City’s most iconic symbols of failure, imploded during an Ash Wednesday breakfast hour, followed by the after party.

From the beach, where several hundred gathered, the Plaza’s 9:07 a.m. final death rattle thudded against the sand until the main tower, already stripped of its parts and exterior walls, a house of cards draped in black netting, begging for years to be put out of its misery, disappeared from the Boardwalk skyline.

About a dozen interior blasts silenced the crowd — which had been passing the time reminiscing about sex in Plaza bathrooms, among other memories — followed by a low rumble out over the Boardwalk, and then the collapse: the rear first, and then the front penthouse levels finally falling backward into itself. It looked like a melting slot machine.

The Atlantic Ocean took no notice.

Tony Andaloro, a day one food captain, pointed out where he had worked: the nouveau French restaurant named for Trump’s first wife, Ivana, a view quickly replaced by a windswept cloud of dust over the beach that sent Atlantic City Mayor Marty Small and other officials gathered on a nearby pier scrambling to get inside.

“It was the best job I ever had in A.C.,” said Andaloro, who watched from behind police fencing on the beach at Georgia Avenue. Nearby, Larry Kang, of Queens, held a small baby Trump balloon.

And so it was that the Donald Trump era, at least in Atlantic City, where it remains an endlessly debated reign of brass and celebrity, boxing and bankruptcy, a dubious domination of a town that bloated to four Trump casinos, then shrank to none, was finally put to rest, 39 stories of rubble, a definitive demise.

The old guard turned out to watch, like the Doughertys, who watched from the roof of their Dock’s Oyster House, a century-old classic on Atlantic Avenue that has outlasted many an Atlantic City casino and hotel, including two prior implosions: the Traymore in 1972 and the Sands in 2007.

Over at Caesars, high-rollers were offered champagne in $299-a-night rooms.

People gathered on top of parking garage rooftops, and at One Atlantic, a nearby wedding venue that juts out into the ocean on a pier, where people who had successfully bid (about $600) on 10 pairs of VIP seats sat at little tables behind glass.

But in the end, whatever anyone’s feeling about Trump or the Plaza, impeachment or implosion, it was what it was: another new empty lot in Atlantic City, masquerading as progress.

The casino itself has been closed since Sept. 16, 2014, when it became the fourth casino to close in one year in Atlantic City.

The crowd Wednesday wasn’t quite what local officials originally imagined when they dreamed up a high-profile auction to ceremonially “push the button” to start the implosion, originally scheduled to cheekily follow the inauguration by about a week.

Bids rose to $175,000, to benefit the city’s Boys & Girls Club. People joked about who could come to town to bear witness: Stormy Daniels? Hillary Clinton?

But Carl Icahn, the billionaire who took control of the Plaza out of bankruptcy in 2015, objected to any implosion spectacle, and instead made a personal donation of $175,000 to the Boys & Girls Club. The date of the implosion, executed by Haines & Kibblehouse Inc., was moved to the less-than-spectacle hour of 9 a.m., on a seemingly random Wednesday in February. Icahn footed the bill for the implosion, estimated at between $11 million and $14 million.

The city tried to persuade people to pay $10 to park at Bader Field and watch from cars, across the water. About 330 cars, many from out of state, a few with Biden or “Resist” bumper stickers, took them up on their offer. But people, including former employees like Van Jones II, who looks back nostalgically at his years as a Plaza bar porter, wanted to be closer in, to viscerally take it in, or at least to be able to buy a drink at the back of Ducktown when it was over.

Jones came with his mom, Dawn Matthews, who also worked at Trump Plaza, as did his dad. They watched from a parking lot on Atlantic Avenue, where Dawn became emotional, and people hooted and cheered all around them. “It’s like a death,” Matthews said. She blew a kiss, teared up, made the sign of the cross.

“Damn,” Jones said. “I felt that.”

The Plaza, the centerpiece of the Boardwalk, served as both a tantalizing symbol of its namesake president and an uncomfortable reminder of the resort’s glory days, when room-service waiters and cocktail servers made piles of cash, bought houses, sent kids to college, and also a reminder of the town’s more desperate days, when the area led the country in foreclosures and unemployment.

But the former Plaza, stripped of its Trump lettering after Donald and Ivanka Trump sued, was also just a deteriorating building that needed desperately to come down, a failed enterprise in the middle of Atlantic City. In the days before the implosion, the last trace of outline of Trump’s name, faintly visible on the Boardwalk facade, had been further painted over in a sky blue.

For months, demolition had already been underway, and the building had been covered in black netting to keep the pieces of crumbling facade from hurting anyone.

Over at the Ducktown Tavern, plans to have a priest on hand to spread ashes, of whatever sort, had fallen through. “Nobody wanted to do it,” said owner John Exadaktilos.

The early crowd at Ducktown was already getting into arguments.

“I’m glad to see it go,” said Gail Von Schlichting, who said her wife worked there as a slot technician. “It’s nice to see another Trump failure. I only wish his name were on the building.”

“There were some great fights,” said Jim Hill of Pleasantville. “At one time he had this town booming.”

“You can’t make a blanket statement that all Democrats are bad,” said Melissa Goldsborough, of Atlantic City, after a brief back-and-forth with another customer gathered at Ducktown.

“It’s a shame the building’s going down,” she said. “He still owes all those contractors. Hopefully they’ll put something in its place for families.”

“Like they did at the Sands?” said Hill. “Ain’t nobody investing in A.C.”

There was a pause as the Ducktown chorus considered the truth in that.

“The beach is still great,” said Von Schlicting, finally.

In destruction, the city insists it is finding hope. The next big plan could materialize any minute now, although Icahn has remained mum about how he’ll shepherd the property to its post-Plaza reality. The city is hoping to get the mound of implosion debris cleared by Memorial Day.

Mayor Small, whose determination to get the Plaza imploded brought literal cheers in a state-of-the-city address, would like to see a family-friendly development. Others stress the opportunity to connect the city’s outlet mall, the Walk, more seamlessly to the Boardwalk in a mixed development of retail, restaurants, and entertainment. Others dream of simple pleasures like an ice-skating or roller rink and food trucks.

For now, post-Trump Plaza, post jokes about ashes, post symbolism, with the literal end of the Big Metaphor, the main job is the cleanup. “I couldn’t be more excited,” Small said.

*Article Courtesy of The Inquirer

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

Trump Plaza to be demolished Feb. 17

When Mayor Marty Small Sr. gave his first State of the City address last year, he laid out a number of robust plans for the resort.

The one that got the loudest applause and a standing ovation, he said, was the eventual demolition of the former Trump Plaza Hotel & Casino, marking the end of real estate developer Donald Trump’s presence in the city.

After months of planning, Trump Plaza is set to be demolished at 9 a.m. Feb. 17, Ash Wednesday, Small said Thursday during a news conference at City Hall.

Trump Plaza opened in 1984. Though Trump cut ties with the casino in 2009, he received a 10% fee for the use of his name on three of the city’s casinos at the time. In 2016, Icahn Enterprises bought them out of bankruptcy court. Trump Taj Mahal Casino Resort reopened as Hard Rock Hotel & Casino Atlantic City in 2018 after closing in 2016.

Small stressed that the decision to demolish had nothing to do with Trump’s presidency and that there were valid safety concerns for the unused building. “I’ve done several national and international interviews, and people tried to make it about President Trump,” he said. “Like I said, take that name off the building — it could’ve been Resorts, the first casino in Atlantic City — and people would be interested in that. It was an imminent public health and safety matter that our construction official, Anthony Cox, deemed so. And the city took its argument to court, and we came to a resolution.”

“A lot of people were pessimistic because prior administrations and other officials in the past said that it was a goals of theirs,” Small said, “but (the demolition) never happened. But we believed in ourselves and went in a different direction.”

The announcement from Small on Thursday came days after an auction to push the button to implode the former casino was called off when the building’s owner, Carl Icahn, expressed safety concerns. The auction had been intended as a fundraiser for the Boys & Girls Club of Atlantic City.

Additionally, Small announced Thursday a partnership between One Atlantic Events and Ocean Casino Resort to auction spots to view the implosion safely from the windows of the One Atlantic event space in Playground Pier.

The auction for viewing spots will replace the auction to push the button for the explosives, which had raised $175,000 for the Boys & Girls Club before being called off. Icahn has since pledged to make that donation himself, so the newly announced partnership will not involve him.

Small thanked Icahn for his generosity.

“He’s one of the richest men in the world,” the mayor said, “and also one of the most philanthropic men in the world.”

Included with each winning bid for the new fundraising effort will be an overnight stay in a hotel room at either Hard Rock or Ocean and dinner for two. The proceeds will go to the Boys & Girls Club.

The city also plans to make Bader Field a viewing location for the implosion, Small said. Parking will be paid.

Fire Chief Scott Evans said the implosion will affect several blocks, and the city will designate certain areas as exclusion zones, evacuation zones, isolation zones and areas where residents must remain indoors. Notices to residents will be made several days in advance.

“First and foremost is the public safety in the area around the implosion,” Evans said. “This implosion will affect the neighborhood. It will affect several blocks. There are many issues that are going to be looked at and have to be addressed and are in the process of being addressed to keep public safety in the area.”

Evans added that sections of the Boardwalk will be closed several days in advance of the planned demolition. Some businesses may have to close during that time.

 Demolition

Icahn submitted plans to demolish the building in the summer, but the city’s idea to make an auction of it was done without his support. Continued disputes between the two parties led to the eventual cancellation of the first auction.

Small said the city will discuss with Icahn plans for the site once the property is gone.

A state report several years ago on Atlantic City suggested the Plaza be demolished to create so-called “greenscapes,” providing convenient access to the Boardwalk and ocean for nongambling visitors that could help reorient the “new” Atlantic City.

“That’s our next conversation,” Small said. “We’ve called Icahn and his group. It is extremely important that we work together. The city of Atlantic City has one shot with that land. “(It’s) not often that you have center-city, oceanfront available in any town.

“As aggressive as we were in making this demolition and implosion come to light, we want to be even more aggressive after the implosion with the cleanup and the alternate rebuild.”

*Article Courtesy of Press of Atlantic City

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

Atlantic City’s former Trump Plaza will be imploded on Feb. 17, mayor says

Even if it were not the former Trump Plaza, with its pending implosion a tempting symbolic echo of the end of its namesake presidency, people would be interested, Atlantic City Mayor Marty Small Sr. insisted Thursday.

But interest has been off the charts, he said, from all over the globe. Officials reluctantly canceled a high-profile auction to press the button to start the implosion that had garnered a high bid of $175,000 and interest from celebrities, after the building’s current owner, billionaire Carl Icahn, objected to the spectacle.

But in true Atlantic City fashion, the city is pressing forward with its plans to make the implosion count.

A new date was announced Thursday: Feb. 17, at the very un-prime-time hour of 9 a.m. Icahn agreed to write a $175,000 check to the Boys & Girls Club, the intended beneficiary of the auction.

And a new auction was announced: to secure one of 10 viewing spots inside One Atlantic, a wedding venue on the end of the Pier owned by Caesars, with floor-to-ceiling windows, and an overnight stay in either Hard Rock or Ocean casinos.

Small said Atlantic City would be making Bader Field, the former municipal airport on the city’s outskirts, available as a “pull up and watch” the Trump Plaza implosion, from a safe distance, and to discourage a crush of people near the site of the implosion.

Small downplayed the symbolism of the implosion, and said he was mainly interested in getting the blighted oceanfront structure in the center of Atlantic City down and open to new development.

“People tried to make it about President Trump,” Small said. “Take that name off the building … people would be interested.

“We can’t be naive to think that no one would show up,” he added. “It has nothing to do with the former president.”

Fire Chief Scott Evans said several blocks would be shut down in advance of Feb. 17, when the main tower will be imploded. The rest of the complex, not including another tower that is still home to a RainForest Cafe, will come down by demolition.

The auction house trying to raise money for the youth charity by soliciting bids to blow up the former casino once canceled the auction Monday after it said it received a cease-and-desist letter from Icahn.

Icahn’s decision to personally make the contribution came shortly after Bodnar’s Auction canceled its solicitation of bids, citing a letter from Icahn’s company instructing it not to proceed with the auction because it considered the public “spectacle” to be a safety risk, with the possibility of flying debris injuring the person pressing the demolition button, or others gathered nearby.

“From the beginning, we thought the auction and any other related spectacle presented a safety risk, and we were always clear that we would not participate in any way,” a spokesperson for Icahn said in a statement.

Small announced the auction as a fund-raising mechanism he hoped would raise in excess of $1 million for the organization.

Opened in 1984, Trump’s former casino was closed in 2014 and has fallen into a state of disrepair. Demolition work began last year and has been ongoing, and the main tower has been draped in black netting. The remainder of the structure was to have been dynamited on Jan. 29, which struck many would-be button-pushers as a fitting exclamation point to the end of the Trump presidency.

But viewing plans for Feb. 17 have already begun, with some, including former employees, vowing to watch the building come down from nearby casino suites.

“As an Atlantic City native and former employee of Tr*** Plaza, let me just say how thrilled I am to see this monstrosity destroyed,” one person tweeted. “It has been a blight for years. … I will be toasting it from a suite at Bally’s.”

*Article Courtesy of The Inquirer

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.

Atlantic City Convention Center ‘mega’ Vaccine Center to Open Later this Month

The Atlantic City Convention Center ‘mega’ vaccination center is expected to open by the end of the month, state Department of Health officials said Tuesday afternoon.

“An opening date for the Atlantic City has yet not been announced,” said Nancy Kearney, spokeswomen for the department.

The facility was one of six sites in the state announced for such purpose.

Other sites include the Meadowlands Complex in Bergen County, Rockaway Townsquare Mall in Morris County, New Jersey Convention and Exposition Center in Middlesex County, Moorestown Mall in Burlington County and Rowan College of South Jersey in Gloucester County.

So far the vaccination sites at Rowan College of South Jersey in Gloucester County and Rockaway Townsquare opened Jan. 8.

Last year, the Atlantic City Convention Center served as a COVID-19 field hospital early in the pandemic.

*Article Courtesy of The Press of Atlantic City

For more information about the Atlantic City market or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Atlantic City market properties for lease or sale through our Atlantic City commercial real estate brokerage firm.