Atlantic City – University District Master Planning

AC Residential Complex, Phase 2

A proposed 135,000 SF, six story residential student housing facility located on 0.89acs, located at the corner of Atlantic Ave and Providence Ave. The facility will include reception/ security desk, student lounge area, laundry room, vending, storage, courtyard and access to Atlantic Ave and Hartford Ave. The building is expected to be constructed in similar style of design and material of the existing ÒùÐÔÊÓƵ Residential Complex at Atlantic Ave & Albany Ave.

The property is not owned by ÒùÐÔÊÓƵ. The intention is for ÒùÐÔÊÓƵ and the owner (AC DEVCO) to arrange a partnership in the development of the proposed project.

As a result of the proposed development of the project, there will be an increased demand for parking. Possible solutions may include partnerships with area parking vendors of surface or structured parking, expanded parking lot partnerships with Atlantic City on Bader Field or ÒùÐÔÊÓƵ may review options for additional real estate ownership acquisition of available property for surface or structured parking.

Refer to Appendix for details of Project Cost Analysis & Estimate