Tanger CEO Promises New Stores in Atlantic City As Occupancy Falls At The Walk

The company that manages the retail outlets at The Walk in Atlantic City is working on bringing in new tenants after occupancy dropped to a more than five-year low earlier this summer.

The Walk, which has received just shy of $60 million* in funding from the Casino Reinvestment Development Authority since 2000, was a keystone of efforts to help diversify the city’s economy.

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CRDA, Revel Settle Tourism-District Fee Dispute

The Casino Reinvestment Development Authority and the Revel’s holding company have settled a dispute over unpaid tourism-district fees that led to CRDA filing a lien on the shuttered casino property at the northern end of the Boardwalk in May. Documents filed with the Atlantic County Clerk show the lien tied to the dispute over $64,604.30 in unpaid 2015 Special Improvement District Assessments was discharged on June 30. Reports of a possible sale of the Revel have swirled in the last few weeks. The Press of Atlantic City reported that a $220 million offer for the property was made earlier this month. Revel’s owner Glenn Straub last year leased the property to a group of developers who rebranded it as TEN.

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PierAC Will Seek to Draw Locals To Inlet End of Boardwalk

Atlantic City’s Garden Pier, purchased earlier this year by Philadelphia developer Bart Blatstein, will be reopening next month as a locals-focused entertainment venue with live music and a bar area. In the shadow of the still-shuttered mega-casino Revel and not far from Blatstein’s Showboat hotel, the newly renamed PierAC plans to draw Atlantic County residents with a reward-card program and drink specials – plus entertainment.

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New Businesses Move Into AC Boatyard

There have been many different plans for reviving Atlantic City’s fortunes, but one consistent idea has been to make more of the island city’s proximity to the water. This year, new tenants at the former Atlantic City Boatyard are launching two new businesses that will give that a go.

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How About A Tiny Vacation Home?

Paul St. James has a campground along the Mays Landing-Somers Point road, but he lives most of the year in Phoenix. Over the winter he was watching a lot of tiny-home TV shows. “They have an entire channel. Fifty percent of the time they sell vacuum cleaners and the other fifty percent of the time they show mini homes.”

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CRDA Planning Officer Green Lights Beer Garden Project

A plan to open a beer garden on Atlantic City’s boardwalk is one step closer to launch after a public hearing last month. The planning officer for the Casino Reinvestment Development Authority, which oversees the boardwalk and tourism district, last week recommended the beer garden project to CRDA’s board for approval. The board’s next meeting is on Tuesday. Some of the existing construction on the site was being demolished this Tuesday, presumably to make way for the beer garden. The company behind the project, Dectrinity, already runs the Bungalow beach bar and the Boardwalk bar next door to the proposed beer garden site at the corner with California Avenue.

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Former Rodeway Inn Could See Revival As Affordable Housing

The Rodeway Inn along the Black Horse Pike in Egg Harbor Township could be revived as garden apartments and townhouses, according to a developer’s plan that will go before EHT’s planning board on Monday. Eastern Pacific Development is seeking preliminary site plan approval for an affordable housing project that would turn the existing 77-unit motel into one-and two-bedroom garden apartments. Nine additional townhouses with two- and three- bedroom units would also be built, according to the planning board agenda. The developer is also proposing to demolish an existing office building on the site and add a children’s play area and a community area. “There’s a significant need for affordable housing right now,” said Hans Alpert, chief executive of Eastern Pacific Development.

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Boardwalk Beans: How a Quest for the Perfect Cup of Coffee Turned into a Business

Damon Germano and Gabrielle Cianfrani just wanted to make a better cup of coffee. Somewhere along the line, their personal mission turned into a business. Now, from a corner of Pleasantville not far from the old Ireland Coffee Company plant, Boardwalk Beans is roasting small batches of carefully-selected coffee for retail and wholesale customers. Germano used to work for Ireland, back when Ireland had a small store in one of the Atlantic City casinos. “I was really into coffee, I had the beret, the turtleneck – the whole thing,” he said.

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