Construction could start as soon as the Spring for the next phase of the Orange Loop entertainment and apartment project in Atlantic City.
This phase of the beach-block project will include a 10-room hotel, retail and apartment space, an entertainment area featuring a stage and concession stands, as well as a 51-space parking lot. Plans (below) submitted to the Casino Reinvestment Development Authority, which oversees Atlantic City’s Tourism District, show the complex will stretch along 161-205 South New York Ave and 118-142 St James Place. The site recently played host to the latest edition of the Atlantic City Arts Foundation’s installment art exhibit ARTeriors.
“We are hopeful to begin in the spring,” said Pat Fasano. “The architect needs to complete the construction drawings and then we will file for permits.” The Asbury Park-based developer bought most of the vacant properties on the site for just shy of $1 million from long-time Atlantic City businessmen Gary Hill and John Schultz.
Fasano quietly opened the Cajun-style bar, restaurant and music venue Bourré just a few lots down from the new project in the summer. NYOrangeDeeds, his Atlantic City holding company, is a reference to the orange deeds in the game Monopoly which include New York, St James Place and Tennessee Avenues.
Fasano and a separate team of developers working on the beach block of Tennessee Avenue are marketing their different venues as The Orange Loop. So far, they include a craft chocolate manufacturer, a yoga studio, a coffee shop and a beer hall on Tennessee Avenue, and Bourré on New York Ave.