Stockton University has been named a top Up-and-Coming College
US News & World Report

Atlantic County
New Jersey

Economic Development

1333 Atlantic Avenue
Atlantic City, NJ 08401
609-343-2223
info@acbiz.org

 

Featured Projects

Borgata Hotel Casino & Spa to Open Central Conference Center in May

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

Atlantic City Gateway Project

Artists rendering of a proposed Stockton Atlantic City Campus building part of the AC Gateway Project

Artist's Rendering

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.

Atlantic Cape Student Success and Career Planning Center

Student Success and Career Planning Center Rendering

Artist's Rendering

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.

The Stockton Aviation Research & Technology Park

Artist rendering of Next Gen Building 1

Artist's Rendering

The Stockton Aviation Research & 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 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.

For more information:
Leasing Now Available 
A Preview of the First Research Building 
Tomorrow’s Leader in Global Aviation Innovation 

Harrah’s Atlantic City $30 Million Bayview Tower Renovation

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.

Oak Tree Plaza shopping center and Walmart Supercenter

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.

Showboat Reopens as Non-Casino Hotel

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.

Gravelly Run Square Shopping Plaza in Hamilton Township

pressofatlanticcity.com

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.

Festival at Hamilton Shopping Center Redevelopment

A portion of the Festival at Hamilton Shopping Center.

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 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

A.C. Polercoaster – Vertical Roller Coaster and Entertainment Venue

Artist's rendering of the Polercoaster in Atlantic City

Artist's Rendering

A new vertical roller coaster called the Polercoaster is planned 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 food court, bar/restaurant, retail space, lockers, video games and office space.  Patrons will be able to access the venue directly from the Boardwalk.

Tropicana Atlantic City adding New Nightclub and two Jose Garces Restaurants

Boardwalk view of Tropicana Casino Light Show

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.


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