Icona Purchases More Land In Cape May Wildwood Writer December 10, 2019 Articles, Wildwood Articles 3189 Icona Purchases More Land In Cape May A few weeks ago we announced that Icona Resorts purchased the old Beach Theater in Cape May for $6.6 million dollars. If you want to read more about the sale you can click the link below. Beach Theater SOLD (Video) With this purchase Icona planned to build a new top of the line resort. At that time rumors were being floated that Icona was interested in purchasing 11 Gurney Street, which is the building behind the Beach Theater. As reported in New Jersey property transfers, Icona Resorts purchased 11 Gurney Street, which is home to Sheilds Bike Rentals, for $1.5 million dollars. It was purchased last week. With this purchase Icona Resorts now have 34,000+ square feet of space to build their new hotel. The photo below shows the footprint of the location. Icona Purchases More Land In Cape May Check out these other articles Could N. Wildwood Lose the Italian Festival? North Wildwood Bulkhead Project Underway!