ATLANTIC CITY — A Casino Reinvestment Development Authority offer to partially bankroll a $61 million, 250-unit apartment project in the long-dormant South Inlet section could be extended at the agency’s board meeting Tuesday. But it remains unclear when, or if, the long-delayed project will break ground. North Jersey developer Wasseem Boraie and NBA great Shaquille O’Neal want to build The Beach at South Inlet on an empty plot in the...

Bart Blatstein is in line to buy the shuttered Showboat Casino Hotel from Stockton University, a purchase that could close the door on the school’s ill-fated plans to convert the property to a satellite campus, NJBIZ has learned. The Philadelphia-based builder, whose firm is overseeing the transformation of the former Pier Shops at Caesars, has signed a purchase agreement to acquire the property, according to a source with knowledge of...

Atlantic City is undergoing a major facelift after a disastrous 2014, when four of the city’s twelve casinos shut down — taking almost 8,000 jobs with them. Owners desperate to reinvent their facilities turned to non-gaming attractions. Among them, a 23,000 square-foot art gallery at the historic Claridge Hotel, which once used to be a casino. Last year, when the Claridge decided to renovate, it replaced its slot machines and...

The company that powered Revel Casino Hotel says the closed resort’s new owner is trying “to flip the nonoperational complex to a new buyer.” The claim was made in a Friday court filing by ACR Energy Partners, which says it’s still enmeshed in a “knock-down-drag-out war” with Revel owner Polo North Country Club Inc. over a power plant that sits across the street from Revel. ACR attorney Stuart Brown declined to elaborate...

Glenn Straub, the Florida real estate developer who purchased the Revel casino resort , is looking to sell the massive Atlantic City property. But it appears that Straub would only sell the Revel at a profit, as his recent comments indicate. “I’ll go and sell it to international people. That’s what we need,” he said, while confirming that “his strategy hinges on high-rollers ferried and flown to Atlantic City.” If Straub doesn’t...

Bulk Heading Construction on the city’s neglected northern shore is now underway. The project will include a new seawall, new bulkheading and a new Boardwalk along Absecon Inlet. The U.S. Army Corps of Engineers, which is handling multiple construction phases, has begun to demolish the remaining cement Boardwalk pillars between Oriental and Atlantic avenues, and between Madison and Melrose avenues. The demolition started in mid-August, Army...