The company submitted the plans in September, but the CRDA has not yet set a date for the application to be heard. Multi-family residential uses are permitted within the RC Zoning district where the property lies, so Tower Investments will not need any variances to enact their vision. They call for 312 studio apartments where 308 hotel rooms currently sit, but the application notes that no exterior changes would take place to the existing building.
Plans to overhaul the tower have been drawn up by Atlantic City-based SOSH Architects. The company acquired the non-casino hotel from Stockton University in 2016 for $23 million and is now looking to revamp the 16-story New Orleans Tower on the north side of the complex.
Tower Investments, the Philadelphia-based developer who owns the Showboat, have submitted plans to the Casino Reinvestment Development Authority (CRDA) that would significantly overhaul the property. The ownership behind one of Atlantic City’s most prominent oceanfront hotels appears to have residences on the mind as an entire section of the Showboat complex could become apartments.
