(ATLANTIC) The Atlantic City Council approved the sale of property located at 314 Walnut Street at their meeting Wednesday night.
Two weeks ago, Jacob Weitzel submitted an offer to purchase the lot for $30,000. Weitzel says he plans to build a restaurant/sports bar on the site with future plans to add office space on a second floor and luxury condominiums on a third floor.
The City will have the first right of refusal to buy back this parcel at the original sale price if a building is not erected on the site within a certain time frame. Weitzel agreed to that condition at the meeting Wednesday night.
There were no written or oral comments during the public hearing Wednesday night.