Sunday, May 11, 2025

Search

Icona Purchases Property Near Beach Theatre

By Vince Conti

CAPE MAY – In mid-November, Eustace Mita, chief executive officer of Icona Resorts, purchased the Beach Theatre property, in Cape May, with a bid of $6.6 million.
The property was part of a Frank Theaters bankruptcy filing in Florida. Mita plans to build a high-end resort near the ocean and Cape May’s Convention Hall.
Icona also purchased a neighboring property at 11 Gurney Street, adding to the footprint that would be available for the eventual resort.
The city discussed designating the Beach Theatre property as an area in need of redevelopment. Such a designation would create greater flexibility concerning zoning issues and eventual tax abatements.
No designation was formally voted on by the governing body. It is not clear if the city will reopen discussions concerning the use of the state’s redevelopment laws.

Spout Off

Stone Harbor – Could the North Wildwood spouter tell us what kind of company he refers to that has already gotten tariff increases. Waiting for the reply spout!

Read More

Sea Isle City – Great picture of the 82nd street playground in Stone Harbor. Take note, Sea Isle, the shade provided. Maybe inquire and then just like Nike, just do it!

Read More

Most Read

Print Editions

Recommended Articles