Business Buzz
By Rich Baehrle
The Ideal Institute of Technology, a pioneering educational institution known for its innovative approach to learning and development, has announced a large-scale expansion and redevelopment initiative in Pleasantville.
Founder and CEO Ren Parikh unveiled the institute’s plans, which encompass the redevelopment of the iconic former Press of Atlantic City building at 1000 Washington Ave., as well as the creation of a hospitality-focused career college at the corner of Main Street and Washington Avenue.
With a legacy of fostering creativity, innovation, and skill development, the Ideal Institute of Technology is taking its commitment to new heights with these projects. The redevelopment of the former Press building is already under way, reflecting the institute’s dedication to preserving historical landmarks while breathing new life into them.
The reimagined Press building is planned to become a hub of innovation and a testament to the institute’s student-centered approach.
Enrolled students will actively participate in the development and construction process, gaining hands-on experience that transcends traditional classroom learning, according to IIT. Once completed, the facility will be entirely operated and managed by students, showcasing their acquired skills and fostering a real-world learning environment.
Ideal Institute of Technology’s aspirations do not end there. Plans are already in motion for the development of a state-of-the-art, hospitality-focused career college at the heart of the city’s Main Street and Washington Avenue intersection. The ambitious endeavor calls for the creation of a Nano Brewery, a Cloud Kitchen, a sprawling 15,000-square-foot banquet hall, a 40-room hotel and a captivating rooftop restaurant.
IIT says the project is poised to address the need for skilled professionals in South Jersey’s hospitality sector, catering to everything from entry-level positions to upper management roles within the Atlantic City casinos.
Parikh emphasizes the far-reaching impact of this project, not only in terms of job creation, but also in revitalizing the city’s landscape. The addition of the banquet hall addresses a long-standing need in the region, offering a space for various events, ceremonies and gatherings.
As Parikh puts it, “This project is a testament to our dedication to education, innovation and community development. We are not just building structures; we are shaping futures. Our students will not only learn the skills they need, but will also have the opportunity to actively contribute to projects that will define the region’s progress.”
Ideal Institute of Technology’s expansion and redevelopment projects reflect their commitment to advancing education, empowering students and creating a lasting positive impact on the community. As these initiatives unfold, the hope is to leave an indelible mark on Pleasantville, South Jersey, and beyond.
Other investors have recently discovered that Pleasantville offers some great opportunities. The five retail stores at 108-118 Main St. have recently sold. One by one the buildings are being renovated.
In addition, the Black Horse Pike has experienced activity with three buildings that have sold.
Lastly, 500 S. Main St., the former Caesar Market, sold and is being remodeled and converted into a new market.
Remember to stop, shop, play and stay in Atlantic County. Support your local businesses and stay off line.
Rich Baehrle, of Berkshire Hathaway Fox and Roach, can be reached at 609-266-6680
or 609-641-0011. Email richardbaehrle@gmail.com or see www.getrichinrealestateSJ.com
