Luxury condos planned for Atlantic City’s marina district
ATLANTIC CITY, N.J. (AP) — Two hundred luxury condo units would be built as of a major project planned for Atlantic City’s Marina District.
The Press of Atlantic City reports that MGM Resorts International and Boraie Development LLC plan to construct a mixed-use project that includes retail, dining, fitness and recreation areas.
MGM says there’s a demand for high-quality primary and second homes.
It’s unclear when the project will begin. The project will need extensive regulatory approvals.
Atlantic City Council President Marty Small Sr. said more non-casino gaming activities are needed to diversify the city’s tax base and attract the middle class.
Boraie recently completed construction of Atlantic City’s first market-rate housing development in half a century.
Information from: The Press of Atlantic City (N.J.), http://www.pressofatlanticcity.com