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 »
Now that New Jersey has legalized marijuana use and possession for adults 21 years and older, South Jersey municipalities have begun adopting their own rules to address use and sale. And while, many towns are opting to ban it, some are now opening the door to the industry based on the promise of job creation… Read more »
Members of Stockton University’s esports team, from left, Ryan “Base Ace” Andjel, 22, of Berlin; Alexander Rodriguez providing technical support; Carl “Six” Leiby, 19, of Brigantine; James “Chelzee33” Pari, 21, of Barnegat Township; program manager Demetrios Roubos, 38; and Tyler “T3Xille” Langan, 21, of Barnegat, play “Call of Duty: Black Ops Cold War” on Thursday… Read more »
Stockton University is one step closer to launching its new Esports Innovation Center that the institution hopes will help put Atlantic City on the map as a hub for the growing esports gaming industry. The New Jersey Economic Development Authority and Stockton University on Tuesday signed a memorandum of understanding that greenlights the agency to… Read more »
ATLANTIC CITY, N.J. (AP) — New Jersey lawmakers passed a bill Monday that would extend the state takeover of most of Atlantic City’s major decision-making powers for another four years. If the bill is signed into law by Democratic Gov. Phil Murphy, the state will have been in charge of the seaside gambling resort’s major… Read more »
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… Read more »
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… Read more »
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… Read more »
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… Read more »
