South Jersey Industries has opened the doors to its new 72,000-square-foot headquarters in Atlantic City, joining Stockton University’s new campus as part of a high-profile, $210 million project to diversify the city’s economy beyond gaming.
Stockton University’s plan to purchase the former Atlantic Club Casino Hotel has fallen through, marking the latest setback for the Atlantic City property more than four years after it closed its doors.
As you’ll read in this month’s cover story, Vision Real Estate has thrived with what it describes as “an assembly line mentality” for transforming old corporate campuses, with the right mix of creativity and capital and a full-service, in-house team that has landed some of the state’s most coveted tenants. It’s now building on that track record with other high-profile projects in Morris County and a growing list of value-add investments across northern and central New Jersey.
Pierson Commercial has gained a foothold in some of New Jersey’s largest and best-known cities, fueling its growth in recent years while remaining just as active in the state’s suburbs and highway retail corridors.
With completion slated for later this year, the future headquarters of South Jersey Gas in Atlantic City was on display Thursday as the utility hosted a tour of the 75,000-square-foot project.
As the mixed-use Gateway project continues to rise in Atlantic City, its developer has released photos of the construction alongside renderings of the $220 million project.
A mixed-use, $220 million project that could help lift the fortunes of Atlantic City is still a year from completion, but it has already started to transform a parcel of beachfront property in the resort town.
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.