The TEN casino could get a very tall neighbor

The TEN casino could get a very tall neighbor. In December, The Press of AC reported that Keating & Associates LLC had bought the rights to develop a skyscraper. Indeed, it seems that the New York based investment firm intends to build on the 1 acres next to the TEN hotel. According to The Press, this plot of land is worth $8 million. The current owner is Lazocean LP. It’s worth mentioning that Lazocean LP had managed to get the plot zoned for a 30-story building. But failed to deliver on their plans. According to the same news source, it seems that Keating & Associates have bigger plans. Indeed, the private investment firm is planning to build a 40-story building. Apparently, the company is also seeking planning permission to expend their current plans for a 50 story tall building! If we believe the rumors, the new building should be a mixed-use commercial and residential tower.The TEN casino could get a very tall neighbor

Keating & Associates LLC have their eyes firmly set on Atlantic City

In September we’ve reported that Keating & Associates had made an offer to buy the Revel for $225 million. However, just a month later, a Denver firm had filed a notice of settlement linked to the REVEL. According to the current owner of the REVEL, Glenn Straub, Keating & Associates had not made such proposal. Ironically, Glenn Straub is the same person who wouldn’t confirm the sale of the property when the press of AC revealed a county clerk filing. Whatever are Straub plans, or lack of plans? It’s worth knowing that this individual does not hold a online gaming license. Therefore, he is likely to sell to a company that owns one. Since the industry is booming at the moment in AC. One thing is certain the REVEL hotel is getting a lot of attention these days and so is the plot next to it. And we’re looking forward to announcing that a company has broken ground on a project. So stay tuned!