New York Real estate Firm throughout Talks to hot shot casino Acquire Shuttered Atlantic Club Gambling house
A fresh potential purchaser of the shuttered Atlantic Club has blossomed
A New York-based real estate advisory firm has approached negotiations to invest in the closed Atlantic Golf club Casino Inn in Ocean City, area news wall socket the Press with Atlantic Area reported on Wednesday citing information because of the company themselves.
Advanced Consulting Inc. is talking considering the closed property’ s seller, TJM Real estate of Street. Petersburg, Fl, to acquire it has the buildings and alter it into a non-gambling vacation resort , Gem Lake, CHIEF EXECUTIVE OFFICER of the Brand new York-based real estate investment firm, stated on Sunday.
The Atlantic Club off doors inside January 2014 to become the initial of four Boardwalk casino qualities to go cirsis that season. It was subsequently purchased by just Tropicana Pleasure and Caesars Entertainment, together with the latter when control of the exact property and its structures. Caesars available the former betting house resort to TJM for the complete amount of $13. 5 huge number of . Often the transaction included as well a deed restriction that will aimed to avoid the Atlantic Golf club to be put to use as a modern casino in future .
The Enhanced Consulting CEO told the main Press about Atlantic Locale on Saturday that “ function is being executed, and they are in heavy transactions. ”