ATLANTIC CITY — Get an apartment at the Showboat?
The former casino that Philadelphia developer Bart Blatstein bought and reopened in 2016 as a non-casino hotel may soon have one of its towers converted into an apartment building.
Showboat presented its application at a hearing Thursday before the land use department of New Jersey's Casino Reinvestment Development Authority, seeking approval to convert one of its three towers, the 20-story tower closest to Pacific Avenue, into 264 apartment units, a mix of studio, one-, and two-bedroom units. That would leave Showboat with 1,000 hotel rooms.
"One of the things that really intrigued me was the opportunity to create a community," Blatstein said Tuesday. "The casinos turned their backs to the side streets. There's hope where I am. I have 1,331 hotel rooms. I am going to convert the rear tower. It's all about place-making."
The application will be voted on by the CRDA board at its Nov. 20 meeting, said Benjamin Kaufman, Blatstein's attorney. The CRDA controls zoning and land use inside the tourism district, which includes the Showboat property at 801 Boardwalk.
The units will be market-rate rentals, Blatstein said.
The Showboat Hotel & Casino shut down Labor Day weekend 2014, one of five casinos that closed in Atlantic City between January 2014 and October 2016 during a period of severe economic instability. It was briefly owned by Stockton University, which had a soon-aborted plan to locate its Atlantic City campus there. Stockton has since created a campus at the opposite end of Atlantic City, near Albany Avenue.
Blatstein has been buying up properties in Atlantic City for years, with mixed results. He converted the former Pier at Caesars into a rebranded Playground, but nearly all those entertainment venues have closed. The Pier's Apple store closed this summer, and many of the storefronts are vacant. The Pier still has a wedding and events venue called One Atlantic, a candy shop, and other retail, and a third floor full of restaurants with ocean views, including stalwarts Buddakan and Continental.
Blatstein also owns the Garden Pier across from Showboat, which briefly operated as an outdoor bar but little else. Two museums — an arts museum and a historical museum — were displaced after Blatstein purchased the pier.
Showboat seemed to find a bit of a niche identity this summer with some quirky conventions and reinvigorated food options, including the Worship Surf Bar on the Boardwalk. Its location between two casinos that reopened this summer — Hard Rock in the former Trump Taj Mahal and Ocean Resort Casino in the former Revel — seemed fortuitous. But the property is still controlled by a deed restriction from Caesars that prevents its reopening as a casino.
Blatstein, however, has begun the process of getting a casino license. And Blatstein also owns land on the Boardwalk between Showboat and Revel that was most recently used as a professional volleyball venue and a site for a food festival. That land is not deed restricted.
The apartments at the Showboat would join another new apartment rental community just a few blocks away, the Boraie development known as 600 North Beach, which began leasing apartments this fall in a complex with upscale amenities and an outdoor pool.
Blatstein said he has added a 14,000-square-foot fitness center to Showboat and plans a co-working space.
"There's 8,000 workers right there within a block of me. Who's the market? Everything from casino workers to people who live in Atlantic County that do want to come back to the island, people from Philly that want a second place. The market is there."
In recent months, there have been a number of new developments off the Boardwalk, including what is being dubbed the "Orange Loop" after the Monopoly properties, on New York, St. James, and Tennessee Avenues. Already open is Bourré, a New Orleans-style restaurant, bar, and music venue; the HayDay coffee shop; a yoga studio; and Made, a chocolatier and bar.
The Tennessee Avenue Beer Hall is set to open next month.