The Ventnor Plaza will get a much needed facelift during the offseason, as its new owner plans to add restaurants, new tenants, solar panels, electric car charging stations and more landscaping in an effort to beautify and revive the languishing shopping center.
Atlantic County tax records show the land and buildings are valued at a little more than $9.5 million, $3 million less than their 2020 valuation.
The plaza, which is home to an Acme, an AutoZone, a liquor store, dollar store, gym and other businesses, is more than 40% vacant, but Greco said he has big plans for it.
Costs for improving the plaza total several million dollars, said Greco, who will split the bill with his partners.
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