First Look At 74 Townhomes — Original Golden Nugget Casino (Photos)

We just spoke with the owner (Rocco Sebastiani) of the original Golden Nugget Hotel and Casino on Boston Avenue in Atlantic City, New Jersey.

We have obtained exclusive photos (see below):

Big Plans

in addition to the extensive plans for the two original hotel towers, Sebastiani has big plans to develop 74 townhomes on the property.

The above photo is a rendering of Sebastiani‘s plans for the Former, Golden Nugget, Hotel and Casino. It looks beautiful.

Sebastiani Gave Me A Personal Tour

The interior concrete of the original Golden Nugget Atlantic City looks as new as it did when it was first built in 1980.

I have been so excited about Sebastiani's plans for the property and the fact that the wrecking ball won't be taking this important structure down.

I took an elaborate tour back in August, 2024 with Sebastiani. The "bones" of the Golden Nugget are solid and in good shape.

I couldn't believe the condition of the concrete. It still looks brand new more than 44 years later.

Sebastiani has grand plans for the property as follows:

• 108 luxury condominiums are planned at $ 2 million each. The views are incredible. "It will transform and bring new life," said Sebastiani.
• The plan is to partner with a major hotel chain for the second with 330 rooms.

We previously reported that have learned that Hyatt was on properly in October, 2024 and Hilton on January 8, 2025.

This would represent hundreds of hotel rooms, making it the first increase in hotel room inventory for the Atlantic City market in years.

Sebastiani Is Also developing 74 Townhomes — To Be Called Colosseo Townhouses

Sebastiani is excited about this project. He shared with me that he is very close to achieving all required permits at both the local and state level for this project.

Sebastiani Is Bullish On Atlantic City

Sebastiani has been bullish on Atlantic City for many years. He put his money up when very few were willing to invest in Atlantic City.

Atlantic City is presently on a very positive roll these days.

Exclusive Photos Of The Proposed Colosseo Townhouses

SOURCE: Rocco Sebastiani.