Glenn Straub’s Polo North agreed to sell the casino property known as the Revel to a group of developers that had been leasing the property and trying to reopen it as TEN. The purchasing entity is backed by Bruce Deifik, founder and president of Denver-based developer Integrated Properties.
Two dozen local business owners gathered in Atlantic City’s Carnegie Center last night to listen to a live interview with the founder of Grace & Glory Yoga, Allie Nunzi. Nunzi, interviewed by Route 40, talked about how she started her business with under $1,000 in the bank and had to think from the beginning about making sure there were “feet on the mat.” By focusing on the people coming in the door she was able to build a sustainable business that – five years in – now includes two locations and a non-profit spinoff, The Leadership Studio.
Jared Cocca was selling medical devices, driving thousands of miles each year for a paycheck and two weeks’ holiday. But earlier this year, the twenty-something Mays Landing resident ditched the steady gig in favor of starting his own woodcraft business. There were a lot of different reasons that prompted Cocca to make the change. He is relatively recently married and wanted more time with his wife. He is a rock-climbing enthusiast and likes being able to take off on Fridays for trips to upstate New York.
A Ventnor-based team of producers is hoping to shoot a one-hour dramatic series in Atlantic City this fall. Little Rock Films + Studios is fundraising to pay for a pilot episode that would be filmed in the city in November and offered to networks after post-production next year.
We took a tour of the work being done on the beach block of Tennessee Avenue in Atlantic City last week, to check out progress on buildings that will house three new businesses and a non-profit. The so-called Tennessee Avenue Renaissance Project consists of a dozen properties on the Inlet side of the street. The developers will be opening a coffee shop, a beer hall, a non-profit yoga studio and a chocolate bar in the first phase of the project this fall. The beer hall, named ‘The Ten’, is the largest space on the block, next to two vacant lots that will be transformed into an outdoor beer garden. A back room at the beer hall will feature pinball, pool tables and other games.
There was shoveling and other work going on at the future site of the Boardwalk beer garden in Atlantic City on Wednesday, after weeks of little action. Some demolition work was completed in May, when the project was first approved by the Casino Reinvestment Development Authority, which oversees planning in the city’s tourism district. Since then, though, there has been little news about the project that had originally been slated by the owners for a July 4 open. 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. According to the plans, The Biergarten AC will have an outdoor kitchen area, two bars, three fire pits and a game area.
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.