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VICI Properties has completed the purchase of the land and real estate assets of the Greektown Casino-Hotel for approximately $700 million in cash, with Penn National Gaming acquiring the operating assets for approximately $300 million in cash.
The 11-story building is scheduled to be delivered in late 2020 and will be the first senior living community in The Village at Valley Forge, a 122-acre mixed-use lifestyle village.
Originally constructed in 1947 as a 10-story office building, 1501 Locust St. was expanded and repurposed into a luxury boutique building in 2010 featuring 29 large apartment units averaging 1,009 square feet and three commercial units totaling approximately 5,000 square feet.
The New York City-based co-working space firm has entered into a partnership with building owner Coretrust Capital Partners to take two full floors totaling 55,000 square feet of space at the Two Liberty Place office tower.
The purchase of the five retail banking branches expands the footprint of the Bank of Princeton into Burlington, Gloucester and Camden counties in New Jersey.
The project includes the company's purchase of a 148,000-square-foot building in Pottsville, which is expected to create 100 new, full-time jobs over the next three years.
On Thursday, the governors signed a proclamation to work together to make the Delaware River Basin a national model for sustainable economic development, drinkable clean water, healthy fish and wildlife populations, outdoor recreation and nature-based climate resilience.