The Atlantic City Development Corp. hosted a groundbreaking ceremony for the Gateway project on Thursday, with dignitaries including Gov. Chris Christie, ACDevco Chairman Jon Hanson, South Jersey Industries CEO Michael Renna and Stockton University President Harvey Kesselman.
“This 675,000-square-foot project is the first major non-casino development seen since the completion of The Walk, which, unbelievably, was 15 years ago,” the governor said. “More importantly, it is expected to generate 925 direct construction jobs and, once completed, the project will bring an additional 300 permanent jobs into Atlantic City.”
The $220 million project includes the redevelopment of a new South Jersey Gas headquarters, as well as a campus for Stockton University in the Chelsea neighborhood of Atlantic City. The South Jersey Gas headquarters component, a six-story tower with a shared parking garage, is expected to cost $50 million.