Down the Shore: Bart Blatstein to Unveil Plans for The Pier at Caesar’s

Can he spark a turnaround for Atlantic City?

pier-shops

While most of the attention in Atlantic City has been turned towards the never ending saga of Revel and the other failing casinos, Bart Blatstein has managed to do the unthinkable: fly relatively under the radar regarding the redevelopment of The Pier at Caesar’s.

That’s set to change in about a week’s time as Blatstein and partner Paul Steelman, a legendary architect in the entertainment industry, will host a formal announcement on February 24 at the pier to unveil their plans for the failed high-end shopping mall. Much like Revel, which cost over $2 billion to build and will (eventually?) be sold for pennies on the dollar, The Pier at Caesar’s was originally valued at $200 million and Blatstein got it for a song–approximately $2.7 million, according to a press release.

It’s been a busy couple of months for Blatstein since the purchase of the pier in November.

He made similar waves when he unveiled plans for a mixed-use tower at the long-vacant lot at Broad Street and Washington Avenue. In January, he entered into an agreement to purchase the former power station on the Delaware River, partnering with Cescaphe Event Group’s Joseph Volpe in a project that could bring the site back to life with event space, hotel, residential and a marina.

Oh, and there’s that not-so-little lot he now owns once again at the former Foxwoods site at Columbus Boulevard and Reed Street on the Delaware River in South Philadelphia.

Blatstein’s plans in Atlantic City won’t apparently stop at the Pier at Caesar’s, either. The press release for the announcement says it’s “the first of several of Blatstein’s planned projects in Atlantic City.”

More Bart Blatstein Coverage [Property]