David Zuba, Publicist, 609-343-5980, email@example.com
BET INVESTMENTS, INC. SET TO BREAK GROUND ON BOARDWALK RETAIL PROJECT
ATLANTIC CITY, NJ – (Wednesday, April 16, 2014) – BET Investments, Inc. of Horsham, Pa. will break ground on a 16,000-square-foot retail project adjacent to Historic Boardwalk Hall’s West Hall on the world famous Atlantic City Boardwalk on Thursday, April 17, 1 pm.
“The investment in this retail project is proof that Atlantic City is open for business and will be a welcome addition to this section of the Boardwalk,” said CRDA Executive Director John Palmieri. “Along with the Tropicana’s recently-announced improvement plans, this development is a key component towards reimagining our famous wooden thoroughfare.”
The 2.5-acre property located between Florida Avenue and West Hall most recently housed Trump World’s Fair, which closed on October 3, 1999 and was demolished the following year. The land was purchased at auction from Donald Trump by Bruce & Robert Toll.
“BET Investments, Inc. and its affiliates are tremendously excited to expand our development into Atlantic City and on to the world-famous Boardwalk,” said BET Investments President Michael P. Markman. “This is a wonderful opportunity to bring a new dynamic retail opportunity to the city and assist in the continued efforts to see Atlantic City thrive as a world-class destination resort.”
BET Investments, Inc. and its affiliates own, manage, lease and develop residential rental buildings, retail complexes, and more throughout the country. For more information, please visit www.betinvestments.com.
T.N. Ward Company builders of Atlantic City, NJ and Ardmore, Pa., which has a long construction history in Atlantic City from casinos and parking garages to schools and restaurants, will serve as the general contractor for the project. No prospective tenants have been announced as of yet.
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About the Casino Reinvestment Development Authority (CRDA) www.njcrda.com
The only agency of its kind nationwide, the CRDA has used Atlantic City casino reinvestments as a catalyst for meaningful, positive improvement in the lives of New Jersey residents statewide, investing nearly $2 billion in more than 400 projects statewide since 1984. Under the 2011 Tourism District Act, CRDA’s mission evolved from statewide projects to becoming the state’s key economic development agency for Atlantic City. CRDA responsibilities expanded to include Land Use Regulation, Clean and Safe initiatives, group and leisure tourism marketing, attracting and retaining conventions and meetings at the Atlantic CityConvention Center and Boardwalk Hall, and partnership with the Atlantic City Alliance to brand and market Atlantic City. Atlantic City Convention & Visitors Authority division of CRDA is the first destination marketing organization in New Jersey to achieve prestigious Destination Marketing Accreditation by the Destination Marketing Association International.