Most regular readers of this publication can tell that, when it comes to new construction, mixed-use and multifamily projects are the ones making most of the headlines. In fact, there are so many projects in New Jersey these days that we don’t often get to spend much time covering them in depth before we have to move on to the next groundbreaking or ribbon-cutting.
Atlantic City 3.0: Riding high from new investment, the iconic resort town is charting a new future
For a place that has been promised a comeback in recent years — only to see it never materialize — experts say Atlantic City is in uncharted yet promising territory that could help usher in a long-awaited recovery. Land prices are at their lowest in decades, local and regional developers with proven track records are investing in the city and the first credible nongaming project in years is under construction, with the potential to bring thousands of students and professionals to the Boardwalk as soon as next year.
In Atlantic City, new signs of confidence from investors
A reshaped casino industry and the promise of a nongaming economy are no doubt driving new activity in Atlantic City, but the resort is still grappling with a cash-strapped local government. If you ask some of its newest investors, the city is at least on the path toward a solution after a recent state takeover of the municipality.
