Earlier this year, Atlantic City signed a Memorandum of Understanding with DEEM Enterprises LLC for its proposed Renaissance at Bader Field development, a planned $3.2 billion dollar, net-zero carbon LEED Platinum community centered around a race track. Now, the company is marking another milestone on its pursuit to transform the 143-acre tract of land. *Article… Read more »
More than three years in the making, the $100 million highly anticipated Island Waterpark at the Showboat Resort in Atlantic City has set an opening date of June 30. The concept, from Tower Investments CEO Bart Blatstein, is part of a series of investments the Philadelphia developer hopes to make into the beleaguered shore town. Advertised… Read more »
Investment and redevelopment activity has been buzzing throughout Atlantic City, with casinos having collectively invested more than $1 billion into the marketplace over the past several years. It is part of an effort – in the works for some time but really taking shape heading into the summer season – to diversify the non-gaming offerings and… Read more »
Ross Mollison can feel the revitalization of Atlantic City every time he visits. As the founder and “impressario extraordinaire” of Las Vegas entertainment company Spiegelworld, he knows what a lively hospitality and entertainment scene looks like. Now, Mollison wants to bring that same vitality to the beleaguered New Jersey gaming destination. Mollison believes Spiegelworld’s redevelopment of… Read more »
ATLANTIC CITY – The Dave & Buster’s chain of entertainment-and-dining venues is seeking a liquor license for a new location here. The chain would use a new annual permit at the Tanger Outlets complex, according to an application before the state Division of Alcoholic Beverage Control. The application identifies a location at 2120 Atlantic Avenue,… Read more »
Stockton University is nearing completion of a second student residence hall at its satellite campus in Atlantic City, another step toward the gambling destination’s goal of diversifying its economy beyond gaming. The 135,000-square-foot, six-story building is located at 3550 Atlantic Ave., at the corner of Atlantic and South Providence avenues, in the Chelsea Heights section of the… Read more »
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 »
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 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 »
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 »
