Philadelphia developer Ira Lubert is part of an investment group seeking to acquire a prominent Atlantic City property. The group submitted an $18.2 million bid for the former Club Wyndham Skyline Tower. Lubert is a co-investor in Skyline Tower Acquisitions LLC, an entity formed to purchase the property. Additionally, local real estate professionals Matthew and… Read more »
Scannapieco Development Corp. is preparing a $100 million transformation of the Sheraton hotel in Atlantic City, which includes rebranding the property and converting a portion of its guest rooms into residential units. According to CEO Michael Scannapieco, the Philadelphia-based developer plans to convert 250 of the hotel’s 500 rooms into 131 apartments tailored to the… Read more »
