Atlantic City Council unanimously approved on Wednesday a $2.7 billion plan to turn Bader Field into a Formula 1 racetrack, spurning a competing proposal led by Philadelphia developer Bart Blatstein to overhaul the long-vacant site. Any proposal for the 140-acre site would ultimately need final approval from the state of New Jersey, given that the gaming town… Read more »
Posts Categorized: Atlantic City Market
Atlantic City Expressway Looking for Electronic Toll System
MAYS LANDING – Cash tolls — and toll plazas — are on their way out on the Atlantic City Expressway. The South Jersey Transportation Authority is seeking a contractor to build an all-electronic toll system on the 47-mile highway. The change will include demolition of the expressway’s “legacy tolling plaza structures,” the Authority says in… Read more »
Atlantic City Hotel’s Planned $55 Million Facelift Marks Latest Investmestent
The Water Club hotel, part of the Borgata casino complex in Atlantic City, New Jersey, is undergoing a $55 million redesign and will be rebranded as MGM Tower, joining a number of hospitality properties in the gaming mecca undergoing facelifts. The Borgata Hotel Casino & Spa on Tuesday unveiled its plans for the Water Club as the complex approaches… Read more »
Bader Field Looking at Three Proposals
Bader Field is the most coveted piece of real estate in the city, which explains why developers are pitching massive projects for it. But while the plans are big, the details have been scant. Developers are keeping information about their financing and market research close to the vest. And he state Department of Community Affairs,… Read more »
Cannabis Cultivation Site to Atlantic City
A cannabis cultivation facility is coming to Atlantic City. The move puts down roots for Agri-Kind, a Pennsylvania-based cannabis company, while showing more signs of growth for the budding industry in the state. It also holds significance for the diversification of Atlantic City’s economy as one of the largest non-casino and non-entertainment real estate transactions in the… Read more »
Multimillion Dollar Atlantic City Waterpark Progresses
It’s only been about a year since Showboat Hotel owner Bart Blatstein broke ground on a $100 million indoor water park in Atlantic City, but as seen on Wednesday, the structure seems to have made significant progress. In announcing the groundbreaking last year, Blatstein said that the water park being erected just off the city’s boardwalk… Read more »
Marijuana Dispensary Lounge Coming to Atlantic City Boardwalk
ATLANTIC CITY — The Claridge Hotel in Atlantic City is making space on what used to be its casino floor for a cannabis dispensary and lounge that could open as soon as this summer. The state is finalizing its approval of regulations on legalized consumption lounges, where customers can smoke, vaporize, or eat cannabis products… Read more »
Luxury Apartment Project Plans to Convert Former AC Club Hotel Casino
The luxury and glass project to convert the former Atlantic Club hotel casino into a “condo-tel” means change for the Atlantic City skyline. It also means bringing a modern look for part of the Chelsea neighborhood. Plans call for striking exterior glass plating to reflect the ocean and the sky from 23 stories above the Boardwalk. It’s a design… Read more »
Atlantic City’s Showboat Readies Final Renovation Phase
The Showboat Resort in Atlantic City, New Jersey, is finishing up $50 million in renovations set to be done to coincide with the debut of its new $100 million indoor water park this summer. Philadelphia developer Bart Blatstein, the Showboat’s owner, on Tuesday said the final phase of remodeling the hospitality property’s 800 rooms, suites, lobby… Read more »
Mays Landing Movie Theater Closing
HAMILTON TOWNSHIP — Regal Cinemas’ Hamilton Commons Stadium 14 theater is set to close. The Black Horse Pike theater is one of 39 venues being shuttered by Regal’s parent company, Cineworld, beginning Feb. 15, according to records filed in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. Cineworld, which manages facilities in… Read more »