The Stockton Aviation Research and Technology Park is a collaboration of industry, academia, and government dedicated to the advancement of aviation sciences through private and public research and development.
Capitalizing on its location adjacent to the Federal Aviation Administration's William J. Hughes Technical Center, the nation's premier air transportation system laboratory, the 58-acre research park is being developed as a state-of-the-art, high technology, integrated, and dynamic research environment to provide national and international leadership for the future of aviation while delivering technologies and innovations necessary to meet the challenges of modernizing domestic and global aviation.
A $17.2 million contract for construction of the first building was awarded on March 23, 2017 to Hessert Construction of Marlton, NJ. Construction crews will mobilize and be on site by May and plans call for completion in the second quarter of 2018.
The three-story, 66,000-square foot building will be constructed and owned by the Atlantic County Improvement Authority. It will include high-speed connectivity to the Technical Center laboratories, state-of-the-art classrooms and conference rooms, and roof top lounge. An FAA laboratory and offices will occupy 7,000 square feet with rental space for additional labs and offices. Tenants will have 24/7 access protected by a state-of-the-art security system.
Hard Rock International and a group of investors have made a $300 million deal to acquire and renovate the Taj Mahal casino property. The Taj Mahal will be rebranded as the Hard Rock Hotel & Casino Atlantic City.
The Taj Mahal encompasses 17 acres with 167,000 square feet of casino floor space and 2,010 hotel rooms. The Chairman Tower, the latest addition to the property, opened in 2008. The Taj Mahal is located across the Boardwalk from the Steel Pier and next door to the Showboat Hotel that was acquired by Philadelphia developer Bart Blatstein in 2015. Hard Rock currently operates the Hard Rock Café connected to the Taj Mahal and located off the Boardwalk. Taj Mahal ceased operations in October 2016, but the Hard Rock Café continues to operate.
For more information visit www.hardrock.com
Tropicana Atlantic City
Tropicana is undergoing $40 million in renovations in 2016.
Renovations now completed include redesigned Havana Tower hotel rooms, a new high-limit slot area, a Luxe Hair Salon, a Corner Market, a Trop Advantage Rewards Center and five all-new multimedia light and sound shows on the Boardwalk.
The casino resort also added the newly opened Kiss Kiss a Go Go, a new Ivan Kane nightclub experience that features an LED video wall, go-go dancers, a large dance floor, a bar and more in its 5,500-square-foot space.
Later in the year Jose Garces will be creating two new seafood concept restaurants inside the Tropicana just off the casino floor. Garces owns more than 15 restaurants across the country and was also operating at the former Revel.
The Atlantic City Gateway project is a $210 million public-private redevelopment initiative located in the southeastern area of the city. It will include a Stockton University beachfront satellite campus, South Jersey Gas corporate headquarters, and an 879-space parking garage with 7,000 sq. ft of retail space built on 270,000 square feet of land.
The Stockton campus will be comprised of a five-story residence hall that will house approximately 520 students located on Atlantic Avenue between Albany Avenue and the Boardwalk. The 56,000 sq. ft. academic building will be on the opposite side of Atlantic Avenue between Ventnor and Trenton avenues. The campus will accommodate as many as 1,800 students with shuttle service to the main campus in Galloway.
The construction of the campus is being funded in part through the Atlantic County Improvement Authority which completed the sale of $128 million in revenue bonds on September 29, 2016. Proceeds from the sale of tax credits offered under the New Jersey Economic Development Authority’s Economic Redevelopment and Growth Program will provide debt service support.
The redevelopment project will revitalize several parcels that have sat vacant for a number of years. It will generate an estimated $1.5 million in tax revenues on land that is currently taxed at $300,000.
Additional financing includes $44 million from South Jersey Gas, a $17 million grant from the Casino Reinvestment Development Corporation and private equity investment.
For more information visit www.stockton.edu.
The Borgata is transforming the former mur.mur nightclub into a new meeting and convention space called the Central Conference Center. The new space will add 18,000-square-feet and give Borgata a total of 106,000-square-feet of meeting and convention space. Borgata expects to accommodate more weddings, special occasions, trade shows, business expos and more.
The new conference center will feature a 6,500-square-foot clear span ballroom, five meeting rooms, a board room and an office on the lower level. Technology offerings include high definition digital projection, TV, and internet system capabilities paired with all digital distributed sound systems and touch panel controls. Total cost of the center is projected at $11 million and is expected to open in May 2017.
Also in development for Spring of 2017 is the launch of Angeline, a new signature restaurant by Chef/Partner Michael Symon.
Borgata is owned and operated by MGM Resorts International for more information visit their website at www.theborgata.com
Authentic City Partners
Local businessmen are seeking to revitalize the beach block of Tennessee Avenue in Atlantic City. Initial plans are to renovate some vacant buildings for use as a bar and a coffee shop near Pacific Avenue with the hope that other business will follow suit and bring new life to a once vibrant street. Plans also call for the closure of the street to traffic on weekends in the summer to allow "pop up" parks, live music and crafters. Current neighboring businesses include the Pic-A-Lilli Pub, The Irish Pub, Mr. Steak and the Casino Control Commission.
Atlantic Cape Community College held a ground breaking on September 29, 2016 for a new $10.3 million Student Success and Career Planning Center to promote student retention and graduation. The 20,000 square-foot, two-story building will consolidate career planning services and provide students with a central place to gather with easy access to the newly renovated cafeteria.
During their first semester at the college, students will be required to complete a career planning process. The new facility will be linked to the college’s Student Success Initiative which also includes an honors program and programs to reduce the amount of time spent in remedial classes.
The project is funded through the New Jersey Building Our Future Bond Act and Atlantic County. Completion date is Spring 2018.
For more information visit www.atlantic.edu.
Tower Investments has reopened the former Showboat casino in Atlantic City as a non-casino hotel. It is the largest non-casino hotel in New Jersey with 852 rooms. Plans call for a reopening of the French Quarter Buffet and a possible outdoor concert and event space in the plot of land formerly used as volleyball courts. Tower Investments also owns the Playground Pier and is currently the developer of Atlantic City’s Garden Pier.
The Gravelly Run Square shopping center is moving forward with the $58 million project in Hamilton Township. Plans call for four anchor stores to be complemented by 30-40 additional stores on 48 acres of land off the east bound side of the Black Horse Pike. The project is expected to create 310 full time jobs and generate $2.9 million per year in local and state taxes. Plans also call for various road improvements to help ease the added traffic congestion. The project was awarded $11.4 million in state Economic Development Authority funding in 2012.
The 20 acre Festival at Hamilton will be adding a 21,000 sq. ft. Home Goods store to its retail shopping center among other redevelopments at the property. Festival at Hamilton, LLC. received final site plan approval from the Hamilton Planning board on May 5, 2016 to increase its retail space by 225 sq. ft., add 25 additional parking spaces and install sidewalks fronting the Black Horse Pike. Some existing tenants will be moved into new spaces and the smallest of the four buildings will be razed in the process. For more information visit www.paramountrealty.com
The old Atlantic City Electric building in Egg Harbor Township will be razed to make way for a new 188,000 sq. foot Walmart Supercenter and retail shopping center. The shopping center will include two adjoining retail spaces, a bank and four restaurants. Proposed tenants include Applebees, Petco, Panda Express and Chick-fil-A. The project is expected to create 423 jobs and $1 million in tax revenues for the township. The new plaza is on schedule to be open by the end of 2016.
A new 350-foot-high vertical roller coaster called the Polercoaster will start construction in June 2017 for the area of the Atlantic City Boardwalk, Dr. Martin Luther King Jr. Boulevard, and Mount Vernon and Kentucky avenues. The 52,000-square-foot Polercoaster redevelopment plan was approved in December 2015 by the CRDA and will include a zipline, extreme ninja course, XD theatre, skydiving simulator, bar/restaurant and retail space. Patrons will be able to access the venue directly from the Boardwalk. It is expected to be completed by summer 2018.
Total investment on the project is $138 million with a state Economic Development Authority tax incentive of $38.4 million.
Boraie Development LLC and NBA superstar Shaquille O’Neal have teamed up to develop a $81 million apartment complex on 8 acres of land located in the south inlet area of Atlantic City. The Beach at South Inlet will have 250 apartments with a courtyard, pool, a gym and residents lounge. The project is being backed by a $15 million loan from the CRDA in line with the CRDA’s strategy of diversifying the city’s economy as well as $45 million in loans from two other state agencies.
The project broke ground in December 2016 and is expected to be completed by July 2018. A second phase is planned to include smaller-scale retail and entertainment attractions catering to neighborhood residents.
Harrah’s is planning to renovate its Bayview tower hotel rooms and suites to complement the new Harrah’s Waterfront Conference Center. Work is scheduled to begin in mid-November and be completed by Memorial Day weekend 2017. With the completion of this project, 1,000 of Harrah’s 2,600 hotel rooms will have been recently renovated. The Bayview Tower project is part of $200 million in resort improvements.