TJM Agrees To Sell Atlantic Club

The  owner of the Atlantic Club, one of Atlantic City’s oldest shut casinos, has agreed to sell the property to a businessman with ties to the city.

Property documents filed with the county in January show that TJM, the Florida-based  Atlantic Club owner, reached an agreement to sell the property to Jeffrey Smolinsky and his company, North American Acquisitions.

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Mystery Buyer Nabs 101 S MLK, Best Western Gets $3 Mln Mortgage, Stockton Donor Buys Beach-Block Lots

Atlantic City’s real estate market has had a relatively busy spring so far. A shell company earlier this month spent $510,000 on an Atlantic City building that includes a Pacific Ave storefront and apartments, the Best Western has a new mortgage and a Stockton donor has acquired two beach-block lots from the Atlantic Club.

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Mapping New Jersey’s Shrinking School Districts

More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts are shrinking at a rapid rate in the Northwest of the state, as well as in Southern shore communities such as Avalon, Margate and Ventnor.

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Stockton Seeking Boardwalk Coffee Shop For AC Student Building

Stockton University is seeking a coffee shop to occupy a boardwalk-fronting retail space in its planned $100-million-dollar student-residence building in Atlantic City, according to a document published on Friday. The University’s request-for-qualifications (RFQ) is the most recent step in the realization of a total $200 million project that is set to bring massive change to the southern end of the city within a couple of years. Prospective tenants must be regional or national brands, with at least five years’ business experience, according to the document (here). The coffee shop will be permitted to sell food that requires ‘limited cooking’ – since the University will be looking for a restaurant operator to move into a larger retail space in the same building. The coffee shop is one of three total retail spaces in the residence building, which is set to become home to 533 students in August 2018.

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