Featured Projects
Proposed Hard Rock "Boutique" Casino
Hard Rock International and Och-Ziff Capital Management Group of New York have proposed plans for a 208-room, first phase, “boutique” casino hotel to be built on the tract of land located at Albany Avenue and the Boardwalk in Atlantic City. The $465 million, 54,800 square-foot gaming hall proposal includes a rock ‘n’ roll museum and a 7,185 square-foot spa. It would be the first casino in Atlantic City with less than the previous minimum of 500 guest rooms.
The plans call for waterfront development which requires a state Coastal Area Facility Review Act (CAFRA) permit. The group moved forward with an application in June 2011.
According to Hard Rock’s CEO James Allen, construction could begin as early as June 2012. The project is expected to create 1,000 construction jobs and 500 - 1,000 permanent casino and hotel jobs.
www.hardrock.com
The Next Generation Aviation Research & Technology Park
The Next Generation Aviation Research & Technology Park is situated on 58 acres on the campus of the Federal Aviation Administration's William J. Hughes Technical Center in Egg Harbor Township
with access to state-of-the-art testing facilities. It will support the transformation of the current land-based air traffic control system to a satellite system which will accommodate the expected doubling of air traffic in the next decade.
Total jobs created – minimum 2000 highly paid Engineering/Technical jobs. Private Investment - $300 million+
For additional information from SJEDD click here
Revel Entertainment
Revel Entertainment received the final $1.15 billion needed to complete the casino in February 2011. The project will provide about 2,100 construction jobs and full-time employment for approximately 5,500 people. Revel was begun in 2007, prior to the national recession. In January 2009, construction halted with just the exterior nearing completion. Revel is now back in the market with the financing, the resort is budgeted at approximately $2.4 billion.
Revel is scheduled to open for an eight week preview April 2, 2012 and is scheduled for a grand opening May 25, 2012 over Memorial Day weekend.
Atlantic City International Airport
Airport Rescue & Fire Fighting Station
Construction Cost: $14.3 Million
Schedule: Anticipate construction to start in July 2011; complete September 2012
Terminal Expansion FIS (Federal Inspection Services)
Construction Cost: $25.1 Million
Schedule: Project is currently under construction. Began January 2011, Completion May 2012. Adds 75,000 SF for Federal Inspections Services (Customs and Border Patrol), Bag Claim, Passenger Hold Rooms, and Retail Space.
Atlantic Cape Community College
The construction of the new Science, Technology, Engineering and Math building (right) marks the first new building at the Mays Landing Campus in nearly two decades. The 32,475-square-foot, two-story facility will feature science labs, computer labs, office space and a partially vegetated roof with walkways. The building will also be home to the new Air Traffic Control degree program and Technology Studies Institute.
Rutgers University broke ground in June 2011 for an academic building on the Atlantic Cape Community College campus that will offer programs leading to bachelor's and graduate degrees.
The Rutgers Continuing Studies Degree Completion Center will offer bachelors and master’s degree programs in a 22,000 square foot building on the Atlantic Cape Campus. It is the first time Rutgers is building on a community college campus.
Under an agreement with the county college, Rutgers is leasing about a half-acre of land for $1 a year, and is also paying $25,000 a year to Atlantic Cape for other services the college will provide, with the fee adjusted annually based on costs and enrollment.
The new building is set to open in the fall of 2012. Click here for more information.
For more information on projects in Atlantic County please review the latest addition of Atlantic County Development Briefs
