May 6, 2015 |
A company bought a parcel beside Waterfront Square towers along the Delaware River and plans a residential development at site, the broker who handled the deal announced Monday. Michael Barmash of Colliers International said in a statement that Pier 35 1/2 - same name as the site - acquired the 2.13-acre tract from SA Group Properties on April 29. Barmash did not immediately return a phone message regarding pricing details and specifics about the buyer's plans. firstname.lastname@example.org 215-854-2615 @jacobadelman
April 20, 2015 |
In what could signal an energy corridor south of the Walt Whitman Bridge, a Houston energy-transportation company has signed a long-term lease with the Philadelphia Regional Port Authority to ship dry bulk commodities - initially fertilizer - into Pier 122, a strategic finger pier on the Delaware River between Packer Avenue Marine Terminal and the proposed Southport Marine Terminal at the eastern end of the Navy Yard. US Development Group L.L.C., which primarily uses rail to move liquid hydrocarbons such as crude oil and ethanol from producers to end users, such as refineries, is taking over a 20-year lease from Growmark Inc., a Midwestern agricultural co-op that ships imported fertilizer through the Camden port and ultimately to U.S. farmers.
April 14, 2015 |
ATLANTIC CITY - The pep in Philadelphia developer Bart Blatstein's step and his wide grin were beguiling. He had just acquired the four-story Pier Shops at Caesars - an underperforming, vacancy-ridden mall that sits nearly empty on most days - and yet he acted like he'd just won the lottery. "Tremendous real estate," he said of his latest canvas that juts out over the ocean. Blatstein is set to plunk down $50 million of his own money - not including the $2.7 million he paid to buy it - to breathe new life into the mall and make it Atlantic City's must-go-to attraction.
April 3, 2015 |
ATLANTIC CITY - Philadelphia developer Bart Blatstein paid a visit to this city Wednesday with his usual swagger as a doer vs. a talker. With more than 30 years as a developer, he boasted, he's done a lot on the other side of the river transforming neighborhoods, such as Northern Liberties, with hip restaurants and new housing behind his company, Tower Investments Inc. Now Blatstein has his sights on a down-on-its-luck, moribund high-end mall -...
March 15, 2015 |
Running one mile at full speed isn't an easy task. I've done it, and almost vomited upon finishing each time. If you want to take on that sprint challenge - and ratchet up the difficulty level - head to Wildwood for an event simply called Beach Mile, to be held July 18. It's a first-year event. "Running on the beach is not easy. We didn't want to make it something too long that all ages wouldn't come out," said Jason Merola, events specialist at Morey's Piers, which is cosponsoring the race with the Sports Conditioning Institute of Bergan County, N.J. Organizers went back and forth between a half-mile race and full-mile race and settled on a mile so that "it will still appeal to competitive people," Merola said.
February 26, 2015 |
More from Bart Blatstein's Atlantic City adventure: On Tuesday, some tenants of the beleaguered Pier Shops came forward to blast Caesars for challenging whether the Philadelphia businessman has the right to redevelop the half-empty former luxury mall that juts out over the ocean. Blatstein, considered the mastermind behind the revival of Northern Liberties, paid $2.7 million in November to assume the mall's leases and has big plans for the place, but Caesars Atlantic City is withholding its approval.
February 25, 2015 |
Philadelphia developer Bart Blatstein's heralded entry into Atlantic City has hit an inconvenient snag: Caesars Atlantic City now claims he is a "rogue occupier" of the Pier Shops, which he wants to redevelop. In an odd series of court filings, Blatstein appears to have become ensnared in a fight with Kevin Ortzman, president of Caesars Atlantic City, which owns the pier, and says Blatstein is trespassing until it says he is not. Blatstein paid $2.7 million late last year for the right to assume the lease for the troubled high-end mall that juts out over the ocean, which he says he wants to transform into an entertainment venue modeled after places in Nashville; Austin, Texas; and Las Vegas.
October 14, 2014 |
Philadelphia developer Bart Blatstein said Sunday he and casino architect Paul Steelman had agreed to buy the four-story, 300,000-square-foot, half-empty Caesars Pier shopping center in Atlantic City for a small fraction of its construction cost. A person familiar with the deal said Blatstein and Steelman agreed to pay $2.8 million. That's less than 2 percent of the $200 million-plus that developer Taubman Centers of the Detroit suburbs and other investors plowed into the project in the mid-00s.
September 22, 2014 |
WILDWOOD - Maybe you've had one of those evenings on the boardwalk when the rides have tired you out so much you just want to lie down right there and have a snooze beneath the glimmering lights and speeding roller coasters. Well now you can, because on Oct. 4, Morey's Piers will host a first-ever outdoor sleepover on the pier. It's called the "Boardwalk Bunk-Down," and beginning at noon that day, campers can bring tents, sleeping bags, and other supplies to Morey's Adventure Pier and set up camp.
September 16, 2014 |
There were several things to be gleaned from Saturday's Radio 104.5 Block Party on Festival Pier. While most have to do with the evolution of its headliner (Grouplove), the might of an up-and-comer (Vance Joy), and the unified synth sound of its other acts (Brick + Mortar, Wolf Gang, Sir Sly), you couldn't ignore the rain. The tween-plus crowd didn't mind getting soaked, especially since the storm broke by late afternoon. As for the newly refurbished, beach-y Festival Pier, the sand-on-asphalt showcase - when rained upon - created a gooey muck that kids loved and adults in suit pants and pricey loafers didn't.