Atlantic City On Fire: 12 Key Projects. Billions Being Spent.
Billions of Dollars are being poured into Atlantic City Real Estate. This is the largest shopping spree since Donald Trump was the biggest name in-town. A lot has changed since then. Atlantic City fizzled, the World had a pandemic and Trump was named President. And now opportunity awaits!
With a prime oceanfront location that is irreplaceable, investors are spending lots of cash to revitalize Atlantic City. The goal is to create a diversified destination not strictly predicated on gaming!
Drawing from the rich history of Atlantic City, investors are betting on a myriad of factors. The lush beachfront properties, family friendly vacationers and the expanding University population at Stockton are driving the engine. There is unlimited potential. Finally, with some good luck and wise political decisions, Atlantic City may soon become the Dubai of the East Coast.
12 Key Atlantic City Real Estate Projects. Billions Being Spent.
Bader Field: $3 Billion Already Earmarked
A massive $3 billion redevelopment master plan has been revealed for the 140-acre Bader Field site in Atlantic City. The project, called CASA MAR is being developed in partnership by Tower Investments and Post Brothers. It would be one of the largest projects in the city’s history, built over five phases and 12 years. The project is expected to add around 10,000 residential units to the local market. An additional 400,000 square feet of office and retail space is also planned for the property, making it a true mixed-use neighborhood. A total of 20 acres of public amenity space, such as green spaces and parks will also be included with the project.
Stockton University: $500 Million & More on Atlantic City Real Estate Campus
With $500 Million plus already spent on their latest Atlantic City Campus, Stockton University continues to expand. Set to house students starting in the fall of 2023, the new six-floor, 135,000-square-foot Phase II Residence Hall, is underway. It will be located across the street from O’Donnell Park at Atlantic and South Providence avenues in the University District. 416 beds in apartment-style rooms will be developed along with a lounge, meeting room, on-site laundry. Finally, there will be access to the existing parking garage at Stockton’s Atlantic City campus.
The Showboat Water Park: $100 Million Waterpark
A $100 million Island Waterpark is being built! A glass retractable roof will be showcased for year round fun to include water slides, pools, restaurants, bars and more! The Showboat Hotel is owned by Philadelphia developer Bart Blatstein who is doubling down on his family friendly targeted resort. The Showboat also recently received local and state approval to convert another 400 casino guest rooms into 264 residential units.
Ballys Renovation: $100 Million & Growing
$100 Million has already been spent on 750 rooms, signature suites, the casino floor and Hospitality. With Condo-like features, the Ballys renovations offer views from the 47th floor that are gorgeous and you can look over the city from the bedroom, bathroom, kitchen, or living room with an attached fireplace. The casino floor also received an upgrade. There is a renovated high limit area and they added 400 sparkling slot machines. In conclusion, win or lose, you’re guaranteed to have a good time.
Nobu Hotel: A Project with Robert Deniro? Seems Like Mucho Dinero!
Are you talking to me?? Robert Deniro’s Nobu Hotel Atlantic City is set to open at Caesars in the spring of 2023, with redesigned rooms and suites on the top three floors of Caesars Centurion Tower. Visitors to the Jersey Shore can now enjoy fine dining at an upscale Japanese restaurant that is a favorite of celebrities. Furthermore, this star studded project will draw tourists from the entire East Coast.
The Atlantic Club/Original Golden Nugget: No Expense Spared
Luxury lifestyle living at its finest. A 108 room boutique Condo development conversion in the South Tower is underway. The 20 Story hi-rise structure will be recladded with spectacular curtain wall glass offering unobstructed views of the Atlantic Ocean. Each unit will feature 2500-3,200 square feet of living space. Top of the line appliances will be featured such as Viking, Thermador and custom wood flooring from Italy. A state of the art exercise spin room, golf simulation, basketball court and children’s playroom will be developed to allow for the perfect family friendly environment. The North Tower will be rebranded and renovated with 330 boutique Hotel rooms. Over 250,000 Sf of banquet facilities, restaurants and a beach bar will be included to add a major boom for the South-end of Atlantic City creating jobs for thousands of local residents. Finally, the anticipated completion date is late 2023.
Ocean Casino Resort Atlantic City Real Estate: $100 Million & Then Some!
$85 million has already been invested into entertainment and Hospitality development in 2022. The resort plans to invest an additional $15 million into their Atlantic City Real Estate. Furthermore, they will be adding a helipad in the near future. It seems money is no object. Besides, with all of the competition coming to Atlantic City, every property needs to stay on top of their game!
Hard Rock Hotel: $30 Million Minimum
A $30 million spending plan at the Hard Rock is underway to increase live entertainment in 2023. Even the famous Steakhouse, the Old Homestead is reopening. The Hard Rock Hotel has spent hundreds of millions on their property within the past decade. And with all of their revenue, we don’t expect that to stop now!
Borgata: Millions Will Be Spent!
The market leader in Atlantic City is expected to unveil a major renovation project in the coming weeks to celebrate the Marina District property’s 20th anniversary. MGM Resorts opened the Borgata ahead of Independence Day in 2003. As a result, with all of the success at the Borgata it is time to celebrate!
Golden Nugget: Millions Underway on Their Atlantic City Real Estate
Tillman Fertita, the Owner of the Golden Nugget is expected to be renovating the guest rooms and upgrading its infrastructure very soon. Besides, how can the Owner of the Houston Rockets be outmatched by any of his competitors?
Resorts: $10 Million Minimum
Investing about $10 million in hotel room and casino floor upgrades. Furthermore, we anticipate some additional exciting things wil be coming to the property very soon.
Spiegelworld: Millions to Be Spent on Entertainment
A Multi-million dollar Partnership has been struck with Caesars Atlantic City to reopen the Warner Theatre at Caesars Atlantic City, as an adult performance venue called The Hook. Furthermore, live stage shows will be featured along with an interactive dining experience. This is all part of a multimillion-dollar renovation project at Caesars, according to the Company. Finally, it will be open for weekly shows with a 400-seat venue that be transformed from a gambling area with video slots adjacent to a one-of-a-kind Mountain Bar.
Additionally, not only is Atlantic City Real Estate on fire, but the surrounding towns of Margate, Ventnor and Longport continue to boom with multi-million dollar residential home sales.
Finally, to further discuss Atlantic City, please contact us using the link below because we love talking about Atlantic City Real Estate!