Two Philadelphia developers want to build a $3 billion housing, office and retail project on the site of a historic former airport in Atlantic City, the latest proposal for one of the largest tracts of buildable land near the ocean on the U.S. East Coast.
The plan unveiled Monday is called Casa Mar, a water-intensive development inspired by the canals of Amsterdam.
The proposal is the latest in a string of plans for the 143-acre site, which is owned by the city but controlled by the state under a 2016 takeover law giving state government power over most of Atlantic City’s major decisions. That $2.7 billion recreational, residential and retail project aimed at car lovers would include a 2.44-mile auto course on which car lovers can drive their high-end automobiles; about 2,000 units of housing in various price ranges; a retail promenade, and other auto-themed attractions. Mayor Marty Small endorsed it in February, and renewed his backing on Monday.
“We are aware of and we’re moving forward,” Gallagher said. “We’ve been active for over two years, making public presentations, we’ve been before the city council, we’ve been to the state. We have a lot of time and money in the due diligence for this.” In 1910, it was the scene of the first attempt to cross the Atlantic Ocean by air, 17 years before Charles Lindbergh would succeed. Walter Wellmann lifted off in the dirigible “America,” only to ditch it off Cape Hatteras, North Carolina, when a storm hit shortly afterward.
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