One of Ventnor’s primary gateways could be getting an upgrade. Wellington Ave. Substantial vehicular traffic could and SHOULD boost the Ventnor Plaza shopping area.
Even with ACME as prime anchor business, this Ventnor shopping plaza has suffered from multiple retail vacancies, for many years.
Liquor store, US Post Office, Island Gym, Dollar General, Sprint phone store. Not enough to grow the plaza…it seems.
Notes from Ventnor Planning Board meeting. Dec. 12, 2018
Preliminary report for designation of area in need of redevelopment. Wellington Ave & Ventnor Plaza.
The need to energize Wellington Ave. Especially the plaza.
Plaza: obsolete layout? Detrimental to community? Shopping centers are changing. Growth of online shopping the big reason for slow decline.
‘We’re getting minimal interest from potential tenants’ says a Ventnor Plaza retail investor/developer/landlord.
Ventnor Plaza is owned by the Lamar Company. They would like the city to consider adding new uses for this parcel of land along Wellington Ave. If the city turn this into a ‘redevelopment zone’, it could possibly offer a sweet deal to entice developers. Financial incentives could then be made available to upgrade the area.
A PILOT, Payment in Lieu of Taxes, could bolster redevelopment plans for Ventnor Plaza.
Plaza area would be well-suited for a classy self-storage service. Maybe like ‘Cube Smart’? Senior care facility, assisted living, etc?
Commissioner Landgraf: We need to create opportunity, maybe by using PILOT (payment in lieu of taxes ) programs to assist and attract developers. Possibly offer incentives. Ex: The former Echelon Mall now features a municipal building, retail stores, restaurants, etc.
Economy not strong enough to have this issue fix itself. We can no longer rely on retail to boost Ventnor Plaza on Wellington Ave.
Gotta take advantage of high traffic count corridor into Ventnor.
Wellington Ave. Major focal point in many ways. Not just retail. Main emergency route to evacuate the island. Could we raise roadway that’s prone to flooding? How would side streets deal with raised Wellington? No easy solution. Build Wellington Ave. bulkheads? AC is on board. So is Margate.
The Wellington Study. Planning Board will recommend to commissioners. The dire need for redevelopment. It’s a Downbeach gateway.
Online shopping undermined economic viability of brick and mortar. Thus, the slow decline of shopping malls and plazas.
‘Area is antiquated. We’re not taking advantage of traffic flow’.
Comment: We must handle flood mitigation first.
Ventnor Plaza Commercial Space Available
- 15,000 SF – 20,000 SF Anchor Positions Available
- 1,500 SF – 8,400 SF Inline Space Available
- Outparcels Available for Sale/Lease
- 2nd Floor Office Space Available
- Anchored by: Acme, Dollar Tree, Auto Zone & Island Gym
Contact Sherri Lillienfeld of APEX PRIME REALTY