July 24, 2015
More than a dozen higher-end retail shops will soon appear on the Atlantic City Boardwalk, adding diversity to the city’s beachfront shopping scene, which is currently infiltrated with souvenir shops and pizzerias.
According to Press of Atlantic City reporter Donald Wittkowski, who broke the news on Friday, the $5 million retail project being developed by BET Investments Inc. of Horsham, Pennsylvania, will consist of a 16,000-square-foot complex made up of 16 stores located at Florida Avenue and the Boardwalk, next to Boardwalk Hall.
Wittkowski wrote that the goal of the project is to boost tourism on the Boardwalk in the wake of a string of casinos closing.
The complex is expected to be completed by August, though its opening will depend on the pace of recruiting the tenants. No store names have been announced yet, but a spokesperson at BET told Wittkowski there have been many inquiries.
BET principal Bruce E. Toll bought the Boardwalk property for $25 million in a 2005 bankruptcy auction and had originally had planned to build upscale condominiums in the space.
Read the full Press of Atlantic City article here.