The Chelsea

Developer Curtis Bashaw, who aimed to lure more New Yorkers to the Jersey Shore this past summer with the opening of his trendy Atlantic City hotel The Chelsea, has shelved his latest project, according to the Philadelphia Inquirer.

Mr. Bashaw, the former executive director of New Jersey's Casino Reinvestment Development Authority, had been planning a $1 billion casino tower with upscale retail, an opulent spa and convention meeting space, in partnership with former Caesars Entertainment Inc. CEO Wally Barr.  read more »

Today marked the ceremonial ribbon-cutting of the hugely hyped Chelsea hotel in Atlantic City.

Hotelier Curtis Bashaw recently sat down with The Observer to discuss the $110 million project, which aims to lure more young, hip New Yorkers to South Jersey's gritty gaming town and otherwise restore some of the ancient seaside destination's long-lost glamour.

"We do a lot of real estate projects -- we've done ground-up buildings in the city and all sorts of other stuff -- but these hotel renovation projects are among the most challenging and rewarding and pleasurable projects," said Mr. Bashaw, 48, who, alongside his Cape Advisors partner Craig Wood, has combined an old Howard Johnson and Holiday Inn into a single 330-room boutique hotel on the boardwalk.  read more »