The Casino Reinvestment Development Authority (CRDA) announced on Oct. 21 that its Board of Directors authorized the negotiation and execution of a long-term lease agreement with Moran Foods to operate and enhance a grocery store at Renaissance Plaza.
CRDA, with funding from the New Jersey Economic Development Authority, has invested nearly $20 million to support infrastructure improvement in the Plaza. The partnership launches a comprehensive revitalization initiative that will transform the downtown shopping center into a safe, modern commercial hub while elevating food access for city residents.
CRDA’s investment addresses longstanding community concerns about public safety and food access in Atlantic City’s urban core. The project creates a long-term partnership with a national wholesaler with nearly 50 years of expertise in the grocery industry to support the redevelopment of Renaissance Plaza while implementing substantial infrastructure improvements, including roof replacement, masonry restoration, enhanced security measures and streetscape beautification.
“This partnership marks a major step forward in revitalizing Atlantic City’s downtown core,” said Governor Phil Murphy. “By investing in essential infrastructure and expanding access to fresh, affordable food, we’re strengthening the foundation of this community and ensuring that residents benefit directly from the city’s growth. The collaboration between CRDA and Moran Foods reflects our shared commitment to building a safer, more vibrant, and more equitable Atlantic City.”
“Today’s Board authorization reflects our commitment to making strategic investments that address real community needs,” said Modia Butler, chairman of the Casino Reinvestment Development Authority. “Renaissance Plaza serves families who depend on convenient grocery access, and we carefully evaluated this opportunity to ensure long-term value for residents. With Governor Murphy’s support, NJEDA’s funding, and Moran Foods’ expertise, we’re not just preserving a grocery store, we are anchoring a neighborhood.”
“This investment in Renaissance Plaza demonstrates our commitment to Atlantic City families and what is possible when we work together toward shared goals. I want to thank Governor Murphy, the New Jersey Economic Development Authority, Senator Polistina, the City of Atlantic City, and AtlantiCare for their partnership and support,” said Eric Scheffler, executive director of Casino Reinvestment Development Authority. “Together with Moran Foods, we’re transforming Renaissance Plaza into a safe, welcoming destination where residents can access quality groceries and feel proud to shop in their own neighborhood.”
The revitalization addresses Atlantic City’s designation as a food desert by ensuring continued access to affordable groceries while bringing in an experienced grocery partner committed to expanded healthy food options. Moran Foods is completing a full renovation and expansion of the store, bringing additional services and an enhanced offering of fresh and healthy food options to residents.
“We know how important it is to preserve access to fresh, affordable foods to Atlantic City residents, and we are excited to make a deeper commitment by working with the CRDA to improve the shopping experience in this store, We believe in the potential of this community and store and see real opportunity to better serve local families with high-quality groceries at a great value,” said Bill Mayo, chief executive officer of Moran Foods.
“Under Governor Murphy’s leadership, New Jersey has taken a whole-of-government approach to support the revitalization of Atlantic City, ensuring a stronger city for its residents,” said NJEDA deputy chief executive officer Mary Maples. “The NJEDA is proud to partner with CRDA to bring an enhanced grocery store to the city, which will expand fresh, healthy food options for families across the city. The transformation of Renaissance Plaza will help combat food insecurity, while driving meaningful economic activity, supporting the long-term growth and revitalization of the city for years to come.”
“The Renaissance Plaza investment demonstrates what we can accomplish when state, local, and private partners work together toward a common goal,” said Senator Vince Polistina. This funding addresses real needs that Atlantic City families have been asking for: food access, public safety, and neighborhood pride. I’m grateful for Governor Murphy’s support, NJEDA’s commitment, and CRDA’s leadership in making this happen.”
“The residents of the Great City of Atlantic City deserve access to fresh and affordable groceries from a store they can be proud of,” said City of Atlantic City Mayor Marty Small, Sr. “We have made it a priority under the Small Administration to enhance security and clean up Renaissance Plaza, and I have full faith in the CRDA’s plan to further transform this area. This has been a long time coming, but this is a promise kept — and a powerful step forward for Atlantic City.”
The Authority’s comprehensive approach includes strategic tenant curation designed to support enterprises that uplift the entire community. Enhanced lighting, security systems, and ongoing maintenance protocols will ensure the plaza remains a positive neighborhood asset.
“This milestone marks important progress for Atlantic City and for the people who live here. It shows what steady leadership and collaboration can achieve,” said Michael Charlton, president and CEO of AtlantiCare. “Expanding grocery access strengthens families and helps build a healthier, more resilient city. We commend the NJEDA, CRDA, Governor Murphy, and Moran Foods for their partnership and commitment to Atlantic City’s future.”
The CRDA will retain ownership of the property to ensure long-term community benefit and sustainable operations. Environmental assessments and comprehensive retail space evaluation are currently underway, with ongoing review of all tenant mix and use configurations to optimize community benefit and commercial viability.
The Renaissance Plaza acquisition follows the Authority’s continued commitment to addressing food security in Atlantic City, including support for mobile fresh food markets and strategic grocery development initiatives throughout the city.
Photo credit: Wolf Commercial Real Estate
