A plan to convert a historic midtown armory into a millennial-minded retail-residential complex was unanimously approved Tuesday by the Casino Reinvestment Development Authority board.
The plan by developer John Longacre, 42, impressed CRDA officials last month as a bold, privately funded bet on Atlantic City by a man with a track record of running popular businesses in Philadelphia.
“This is a pretty big residential plan here,” said Board Vice Chairman Robert Mulcahy III before voting in favor of the project.
Longacre’s attorney, Nick Talvacchia of Cooper Levenson, on Tuesday detailed the plan to convert Morris Guards Armory at 10 S. New York Ave. into 25 one- and two-bedroom apartments with first-floor retail space.
Longacre’s company bought the Morris Guards Armory in April for $325,000.
“We’d like to starting leasing out this summer,” he said by phone Tuesday. “We are coming down there in a big way,” said Longacre, who speaks with evangelical zeal about his plan to create a hip enclave in Atlantic City.
His firm, Philadelphia-based LPMG, has done similar work in Philadelphia, where it runs South Philadelphia Taproom and American Sardine Bar.
Ultimo Coffee, sited at LPMG's 16-rowhome energy-efficient reNewbold complex in South Philadelphia, was named best café in the United States by The Daily Meal in 2013.
Also Tuesday, the CRDA’s board approved funding to bring an Ironman race to South Jersey. The grant will replace funding that had been allocated to the Challenge Atlantic City Triathlon.