on the boardwalk and other public areas.
These could involve the construction of a
new development in the Arcade District that
will create a seamless connection between
the Downbeach and Downtown Districts,
with an internal network of indoor/outdoor
glass arcades offering dining, retail and
other amenities. Another recommendation
is the development and promotion of the
fisherman’s village and aquarium at
Gardner’s Basin into an East Coast version of
Monterey, CA’s Cannery Row.
Redevelopment will extend past the
Boardwalk to turn Pacific Avenue, a parallel
thoroughfare, into a pedestrian street scene
comparable to Bourbon Street in New
Orleans. Existing parking lots and casino
service areas will be redeveloped into restaurants, nightclubs and shopping, with jitneys and taxis shuttling visitors.
The key, Palmieri says, is to connect the
different aspects of Atlantic City into one
functioning whole to appeal to residents
and visitors year round. In particular, the
area’s already-successful outlet center,
Tanger Outlets’ the Walk—which Tanger
acquired, along with future development
rights, in mid-2011 for $199.3 million—
would be expanded to connect the CBD to
Pacific Avenue and the boardwalk.
“We’re working with the casinos to do
façade improvements along the board-
walk,” to reverse the feel of fortresses that
turn their backs on the city, Palmieri
reports. “We also want to get people to do
some residential development.”
Long-term proposals include redevel-
oping Bader Field, the former municipal
airport, into a mixed-use neighborhood
with sustainable residential and civic uses,
and expanding the Marina District into a
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Part of the ForumLOCAL Series
FEBRUARY/MARCH 2012 REAL ESTATE FORUM 39