Developer Bart Blatstein recently opened extended stay apartments at the Showboat Atlantic City hotel along the Atlantic City waterfront. According to the Press of Atlantic City, the hotel now offers weekly and monthly studio, one-, and two-bedroom apartment rentals starting at $1,300 per week.
Showboat Atlantic City opened its extended-stay apartments on June 27. A news release by the hotel said resident amenities include access to the 24-hour Matrxx gym located on the hotel’s ground level, rooftop pool, complimentary parking, and 24-hour concierge service. Housekeeping service, a fully stocked kitchen and fully furnished living quarters — linens and towels included — are also available as part of the extended-stay offer.
The Press of Atlantic City said annual leases for unfurnished apartments are available at the Showboat.
Blatstein, the CEO of Philadelphia-based Tower Investments, Inc., acquired the Showboat in 2016 for $23 million from Stockton University. The developer was reported to have also purchased the former volleyball court on New Jersey Avenue, located immediately adjacent to the Showboat, for $3.8 million; the Garden Pier for $1.5 million; and 12 lots adjacent to the Absecon Inlet, Oriental Avenue, and Dewey Place for $660,000 in February 2017. Tower Investments is also the owner of the retail and entertainment complex, The Playground — formerly the Pier Shops at Caesars.
The extended-stay offer, according to the publication, is part of a larger revival happening on the north end of the Atlantic City boardwalk. Boraie Development, the developer behind the recently opened “Shaq Tower” in Newark, opened a 250-unit luxury development, 600 NoBe, in early 2019 just one block from the Showboat Atlantic City hotel. The development is said to be the first market-rate housing constructed in almost 50 years in the city.
Boraie Development and MGM Resorts International are partners at the planned 200-unit luxury condominium and mixed-use development in the city’s Marina District.