So much real estate news in the City of Atlantic City!
Amy Rosenberg has a long interview with Wasseem Boraie, the developer of the 255 unit multi-family project on what used to be Pauline’s Prairie. It has a pool. I didn’t know it had a pool. This changes everything!
At the other end of town, Stockton’s board of trustees is meeting tomorrow to consider a plan to buy the former Atlantic Club, as part of the school’s “commitment to help revitalize the city” (the spokesperson’s words), though I’m not sure how that works. Under the deal, the current owners would knock down the casino-hotel but leave the nine-story parking lot. Parking lots–they’re the future!
Lastly, the owner of the Cherry Hill Mall is partnering with something called 1776–a “network of entrepreneurial incubators”–to offer 11,000 square feet near the Nordstrom’s to a “group of startup retail ventures,” part of its effort to reimagine retail shopping spaces, or something.
To be honest, the more I read this story, the less sense it made. Retail ventures in a mall–how is that different from what a mall currently does? Maybe they’re office-y space, but I don’t get paid enough to get to the bottom of this mystery. #Capitalism
For more feats of journalism from across the region, see below:
Executive Moves: Law (Cooper Levenson)–Cooper Levenson is pleased to announce that attorney Sean F. Dalton has joined the firm. Dalton will be based in the firm’s Atlantic City office. www.roi-nj.com
IMPRESSIVE OUTING BY CAPASSO GIVES NORTHFIELD 1-0 LEAD IN ACBL CHAMPIONSHIP SERIES–For several years of his high school career at Mainland Regional, Anthony Capasso was a role pitcher, coming on in relief here and there, occasional spot starter. He began to flourish as a senior and became the Mustangs’ No. 1 starter, and after a year at Cumberland County College, it looks like he’s really starting to hit his stride. glorydaysonline.com
N.J. just bought a chunk of land at a ‘bargain’ to help save 150-year-old lighthouse–The second oldest lighthouse in the state -- dangerously exposed to elements along the Delaware Bay -- received some help by way of a nonprofit organization. And it was just in time for National Lighthouse Day. www.nj.com
Salem County Fair still has one theme — agriculture–The 59th Salem County Fair is set to begin this week and again promises to highlight what truly gives New Jersey its nickname of the Garden State. www.nj.com
These N.J. counties have preserved the most farmland–There's one sure-fire way to slow development in New Jersey — saving the land we have left. www.nj.com
THIRD TRY FOR OFFSHORE-WIND PROJECT NEAR ATLANTIC CITY–Once again, the state is being asked to approve a small offshore-wind pilot project a few miles from Atlantic City. www.njspotlight.com
New Jersey Halts Admissions for Troubled Group Home Company–In August 2012, the Saccoh family thought they’d finally found a good home for the youngest of the family’s eight adult siblings, near their home in Trenton. www.wnyc.org
Long delays, standing-room only, no air. Why NJ Transit riders say its been a hellish summer.–Last year was dubbed the “summer of hell” for NJ Transit riders due to track work in Penn Station New York. www.nj.com