The airplane made Atlantic City’s Bader Field famous, but it could be the automobile that resurrects it. A $2.7 billion recreational, residential and retail project aimed at car lovers is being proposed for the historic but vacant former site of the first U.S. aviation facility to be called an “airport.” DEEM Enterprises, a company based in both Los Angeles… Read more »
The state of New Jersey hasn’t named a replacement yet for the executive director of the Casino Reinvestment Development Authority, who is leaving that agency in Atlantic City effective Jan. 28. Matthew Doherty, a former mayor of Belmar, New Jersey, and previously a financial adviser, took over as executive director of the CRDA in 2018…. Read more »
It was a chilly 34 degrees outside, but developer Bart Blatstein threw a beach party to kick off construction of his delayed $100 million project in Atlantic City, New Jersey. In a large tent right off the seaside vacation spot’s famous boardwalk, waitresses in thong bikinis and waiters in swim trunks served drinks. A near-naked… Read more »
TRENTON, N.J. — A bill that would give tax relief to Atlantic City’s casinos — and possibly prevent the closure of as many as four of them — is now in the hands of New Jersey’s governor. The state Legislature passed a bill shortly before midnight Monday making changes to an existing law enabling the… Read more »
Rehabilitation work is set to begin on an affordable housing community in Atlantic City after a Dec. 10 groundbreaking at Buzby Homes. The Michaels Organization announced the start of its $15.4 million endeavor with the Atlantic City Housing Authority to update the 126-unit property that, according to the real estate company, has remained largely untouched since it was… Read more »
A new full-service supermarket is coming to Atlantic City — its first in more than 15 years — under a public-private effort that will help eliminate one of New Jersey’s food deserts. A contingent of top state officials gathered Thursday to break ground at the corner of Baltic and Indiana avenues, where plans call for… Read more »
New Jersey gaming regulators approved the bid for a Detroit-based hedge fund to acquire half ownership of Ocean Casino Resort for $175 million. Holding company Ilitch organization will own 50% while Ocean’s current owners, New York hedge fund Luxury Capital Group, will retain the remaining half. The plans were approved following two days of meetings… Read more »
A Nobu Hotel and restaurant, part of a company actor Robert De Niro has a stake in, are now slated to open within Caesars Entertainment hospitality properties in New Orleans and Atlantic City, New Jersey. Nobu Hospitality — founded by De Niro, chef Nobu Matsuhisa and movie producer Meir Teper — this week announced its… Read more »
Los Angeles-based Standard Communities is expanding its footprint in New Jersey with its acquisition of a second affordable housing complex in Atlantic City. Standard, making its second purchase in the gambling mecca since April, has bought New York Avenue Apartments, a 151-unit affordable senior housing property at 233 N New York Ave., as part of a public-private… Read more »
Atlantic City expects to celebrate the start of construction for two nongambling projects later this year, a $100 million indoor water park and a grocery store, while the state of New Jersey just named a special adviser to shepherd the diversification of the struggling seaside town’s economy. Expanding Atlantic City’s economy, attracting new kinds of… Read more »
