An aerial view of the Atlantic City Gateway project, which includes the recently opened Stockton University campus and a new office tower for South Jersey Industries — Courtesy: Stockton
By Joshua Burd
A local resident and well-known commercial real estate professional has joined the board of ACDevco, the nonprofit developer focused on key projects in Atlantic City.
The organization on Wednesday announced the addition of Monica Padovano Casiello, the director of marketing and business development for U.S. Title Solutions, after her appointment at its annual meeting last week. It did so while touting her deep relationships with developers, attorneys, lenders, municipal leaders and state agencies, making her a strong match for its mission of spurring economic development in Atlantic City.
“Monica brings to the ACDevco board significant real estate experience and a broad professional network,” said Jon F. Hanson, the chairman of ACDevco and chairman and founder of The Hampshire Cos. “She will also provide a unique perspective as a longtime Atlantic City resident.”
ACDevco recently led the sweeping Atlantic City Gateway project, located in the city’s Chelsea neighborhood, which created a new satellite campus for Stockton University and a new office building for South Jersey Gas. It is an offshoot of the New Brunswick Development Corp., or Devco, which also creates public-private partnerships based on policy goals of local, county and state officials and corporate and institutional partners in the region.
With U.S. Title Solutions, Casiello facilitates and oversees the title insurance component of major commercial, industrial and residential developments, refinances and ground leases throughout the U.S., according to a news release. In addition, she interfaces with and cultivates relationships among developers, industry professionals and public officials to foster economic development.
Casiello sits on the boards of several organizations, including the New Jersey Chamber of Commerce, NAIOP New Jersey and the Atlantic City Arts Commission.