Atlantic City is banking on the success and construction of 250 new apartment in Atlantic City. The development marks the city’s first market-rate development in almost three decades. Boraie Development LLC., is the builder. The Development is called the Beach at South Inlet, and costs $81 million to build. The project, when completed, will serve up to 50,000 people who work in this resort area.
A development project of this scope is a sure sign of renewed optimism for the community. The area experienced a 10-year drop in growth due to neighboring, new, casinos that affected the resort’s gaming industry. On the other hand, casino closings have balanced the industry so that nongaming investments can take place. For more details visit Crunchbase.
Boraie Development’s next move is to provide modern housing for area residents. There is a whole new generation of renters who know what they want. At least 61 percent of available housing is older than 40 years. Boraie Development LLC provides a host of services for urban real estate projects that include real estate development, sales/marketing, and property management. The company dedicates itself to building amazing properties along with exceptional customer service.
Sam Boraie has a project that is nearing completion. It is in New Brunswick and is a luxury-high rise residential. The Aspire project is mere steps away from the New Brunswick train station. Trendy millennials view it as a solution that marries upscale luxury with modern design. Many millennials view this as a coveted lifestyle. There are 238 studio, one and two-bedroom, models from which to choose. Amenities include a doorman, private parking that allows direct access, and two roof decks on floor 18. Check out pressofatlanticcity to see more.
Boraie’s company always makes sure that projects start and finish on schedule. As such, they work with strong financial institutions and qualified contractors to ensure the ultimate success of each project.