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Clubs, Gaming & Casino : Revel Entertainment Secures Preliminary Site Plan Approvals for Its Atlantic City Resort Development Project
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| on 2007/11/8 9:40:00 (437 reads) |
Revels application highlighted its plan to develop a facility including two hotel towers with approximately 1,900 rooms each, 150,000 square feet of casino space and 500,000 square feet of dining, retail and entertainment space including a 5,500 seat theater, an expansive health club and spa, meeting space and an outdoor oceanfront beach on approximately one acre. The Company is in the process of determining whether both hotel towers will be completed in the first phase of construction.
Preliminary artist renderings of the facility's faade and grounds are available at www.revelentertainment.com (click link for Media Room then Image Library).
Commenting on the approval, Kevin DeSanctis, Chairman and Chief Executive Officer of Revel Entertainment, said, This is a significant regulatory step forward in commencing construction of the Companys resort entertainment casino project. Our plans are nearly complete, we expect to commence footing and foundation work shortly and believe that construction will last approximately 36 months.
The twenty acre Revel Entertainment development site is one of the largest, most uniform and contiguous properties in Atlantic City and is located at the northern end of the Boardwalk bordered by Oriental, New Jersey and Metropolitan avenues. The site features over 1,000 feet of beach frontage.
Revel Entertainment previously announced that Tishman Construction Corporation is serving as Construction Manager and that Arquitectonica has been named the design architect, BLT Architects has been named Executive Architect and Architect of Record and SOSH Architects has been named Associate Architect for the Companys Atlantic City resort development project. Pursuant to the regulations of the New Jersey Department of Environmental Protection, Land Use Regulation Program, the Company has also applied for a CAFRA (Coastal Area Facility Review Act) Permit for the project.
About Revel Entertainment
Revel Entertainment Group is a gaming and entertainment company formed by Kevin DeSanctis, its Chairman and Chief Executive Officer. Revel is developing a beachfront casino entertainment resort in Atlantic City. Further information about Revel Entertainment is available at www.revelentertainment.com.
Contacts
Jaffoni & Collins Incorporated
Joseph Jaffoni/David Jacoby, 212-835-8500
revelentertainment@jcir.com
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