There's a reason Tom Scannapieco named his high-rise condominium building "Bella." In Italian, Bella means "beautiful," and that pretty much says it all about this 27-story tower in Atlantic City.
The European styled interiors features an elegant lobby with Terrazzo tile floors, chandeliers and sculptures by prominent designer Avala Serafaty. A magnificent glass enclosed indoor/outdoor pool has a retractable roof and the refurbished two-bedroom condos have Travertine tile floors, kitchens with 42-inch Italian cabinets, granite counters and stainless steel appliances.
"It's a very high-end building with beautiful finishes," says Scannapieco, president of Scannapieco Development Corp. which owns the building. "It's going to be the jewel of Atlantic City."
"Bella," or perhaps "bella vista," could also be used to describe the panoramic views of the Atlantic Ocean to the east and Absecon Inlet to the north. Those views get better the higher up the 272-foot-tall building you go.
Bella traces its roots to 1989, when it opened as Regency Towers, a rental property built by Scannapieco for Caesar's casino hotel. It's located across the street from the Revel casino hotel and is just a block from the beach in what is becoming a fashionable part of Atlantic City known as the South Inlet.
Scannapieco bought the building from Caesar's in 2004 and converted the 200 apartments into luxury two-bedroom, two-bath condominiums. Standard units range from 1,060 square feet to 1,128 square feet.
Prices for the 20 units currently for sale range from about $250,000 to $400,000, "depending on the view," Scannapieco says. Penthouse units on the 24th, 25th and 26th floors have private balconies with bird's eye views of the inlet and ocean.
"It's a great value and a very nice product," Scannapieco says. "All the units have brand new kitchens, brand new flooring, brand new everything. And prices are still lower than they were in 2005. It's an exceptional opportunity to get in on the ground floor of an area that is destined to be special."
Upscale amenities that all residents can enjoy include 24-hour concierge, a glass enclosed pool area that features a tiki bar, cabanas, an outdoor deck with hot tub, tanning and massage rooms, and a fitness center. Assigned parking is available in an on-site parking garage as well as a surface lot.
"Some of our parking is a shorter walk to Revel than Revel's own parking," Scannapieco says.
The building was also built to withstand the elements. Scannapieco says the all-concrete structure has windows that can withstand hurricane force winds and was unaffected by superstorm Sandy.
Scannapieco foresees a day, in the not -too-distant future, when the South Inlet will be Atlantic City' most desirable section.
"We were the first project in that area but a lot of things have been recently completed," he says. "Revel is right next to us. Revel Boulevard was a $48 million roadway infrastructure project that sets the stage for a lot of future development. They're looking at a mixed use project that will combine housing with retail development. You have a three-block Lighthouse Park which is a unique feature. They're removing the remaining low income housing from the area."
For more information on Bella, call John Moore of Weichert Realtors, The Asbury Group, which is handling marketing and sales, at 609-344-6200 or direct at 609-408-2235.
Where: Atlantic City
What: High-rise condominiums
Size: Two-bedrooms, two baths
Price: $250,000 to $400,000