Real Estate

How Landgraf and CRDA Play Dirty With Some Atlantic City Developers

This is not the first time ACprimetime received reports of CRDA Zoning Czar, Lance Landgraf, using bully tactics against small investors in Atlantic City. Watch video > In the video above, developer Sean Reardon addresses the CRDA board. He explains to CRDA board members that he’s being unfairly fined for his vacant lot in the …

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Atlantic City Air BnB Rentals Now Getting Taxed, Realtors Still Exempt.

New Jersey is finally taxing Airbnb. Most states, including Pennsylvania and New York, already tax these kinds of short-term rentals that are transacted online. This could add 12% – 15% to the cost of an Airbnb rental. Hotels and motels already pay stuff like this. What is Airbnb? It connects homeowners who want to rent out their …

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Stockton No Longer Interested in Former Atlantic Club Casino on Atlantic City Boardwalk.

Thankfully, Stockton University will NOT move forward with purchasing the shuttered Atlantic Club Casino Hotel on the Atlantic City Boardwalk. Hopefully, an independent developer will emerge to build something on that prime piece of beachfront property. A developer that will build something that actual pays taxes, directly to the City of Atlantic City. Stockton President …

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Blatstein’s Playground Pier Loses 4 More Retail Stores

We think the Playground Pier in front of Caesars on the Atlantic City Boardwalk, is one of the most valuable structures in town. Too bad the horribly named pier is 75% empty and getting worse. Last year,  Gucci, Burberry, Guess, L’occitaine, Starbucks and others exited. By Jan 2018, 4 more will be gone, including Tiffany, Michael …

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Will Needle Exchanges, Rehabs & Drug Crime Hurt Tennessee Ave Project in Atlantic City?

Actual crime, or just the perception of crime will hold back even the best laid plans for the Atlantic City Tourism District. The promising Tennessee Ave project is one such non-casino tourist attraction with ample potential for success. Except for that pesky, drug & crime infested neighborhood right next door. Can Tennessee Ave developers help …

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Placing Smart Money on Gardner’s Basin Re-Development: Kushner & Atlantic City

Is Gardner’s Basin in Atlantic City getting closer to unleashing it’s potential as a Real Estate developer’s dream? Investors are chattering about this premium parcel, long ignored and wasted for decades. Inlet vistas, boating, fishing, eateries, the AC Aquarium, and a newly built Boardwalk. Smart money says Gardner’s Basin and the Lighthouse / Inlet District …

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crda

CRDA Board Meeting Video June 20, 2017

VIDEO > The CRDA discussed the Hard Rock & Sister Jean’s Soup Kitchen. Plans are underway to move Sister Jean’s soup kitchen out of the tourism district and into new / better facilities. WATCH VIDEO BELOW > The CRDA; Casino Reinvestment Development Authority, viewed a brief presentation by The Hard Rock Casino, as they look …

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Atlantic City Still Waiting for ‘Buy & Hold’ Blatstein to Succeed

Some, like Mayor Don Guardian, see developer Bart Blatstein as a non-casino savior for Atlantic City. Others, scratch their heads about the value of Blatstein, who heads up Tower Investments and owns a summer home in Margate. If Blatstein loves Atlantic City so much, why doesn’t he buy a home here? According to RTForty.com,  developer …

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Boardwalk Committee Meeting Notes – April 12, 2017 

Each month, the Boardwalk Committee meets inside Boardwalk Hall. It’s open to the public. Here are notes from the April 12, 2017 meeting. Boardwalk Hall: Committee chairman Tom Lamaine welcomed Boardwalk Hall’s new General Manager Jim Wynkoop. Ribbon-cutting for new Miss America Organization office space, inside Boardwalk Hall, scheduled for May 10 Tentative opening ceremonies for …

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CRDA OK’s Updated Tourism District Master Plan in Atlantic City

Will the new Tourism District  Master Plan help attract business & development to Atlantic City? That’s the hope as the CRDA, Casino Reinvestment Development Authority, just ok’d a refreshed master plan. Why an updated master plan? First off, it’s common to do this at least once, every 10 years. Secondly, Atlantic City and the CRDA have …

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