There’s a new development rising in Atlantic City. The 250-unit apartment complex comes from Boraie Devleopment LLC. The project is known as The Beach at South Inlet and will be the first market-rate development, in Atlantic City, in a quarter of a century.
Sam Boraie expects this $81 million development to bring new optimism to the Atlantic City area which is rebounding from a 10-year slide. The Beach at South Inlet is designed with modern resort-like amenities such as a gym, a pool, and a residents lounge. Though over 60% of Atlantic City residents are over the age of 40, the new Boraie development is targeting a younger demographic of renters. For more details visit Crunchbase.
According to re-nj, while the Atlantic City casino industry has seen its revenue drop due to competition from neighboring states, the industry as a whole is expected to stabilize leading to newfound interest in Boraie’s new development project. Boraie Vice President Wasseem Boraie mentioned in a previous interview that The Beach at South Inlet will be well positioned to take advantage of Atlantic City’s rebound
As one of the premier developers in the urban New Jersey market, Boraie Development LLC has a long history of working with the strongest financial institutions and the finest contractors to bring projects to reality in time and on budget. Some of the notable projects from Boraie include The Aspire in New Brunswick, New Jersey, One Rector Street in Newark, New Jersey, and The Estates at Waverly Place in Montgomery, New Jersey. Check out pressofatlanticcity to know more.
Boraie Development LLC’s three divisions include real estate development, property management, and sales & marketing. Each division helps to develop and manage commercial and residential units at a rate that will benefit all parties from the buyer or renter to the financial backers and property owners.
One of Boraie’s specialties is its urban development strategy which brings new projects to distressed areas through a partnership with civic leaders and powerful financial institutions. It’s this strategy that has helped Boraie brings new projects to areas where most developers tend to shy away from.
As real estate and development opportunities arise in the Garden State, Boraie Development LLC will continue to conceive and execute new projects from Atlantic City to Newark and everywhere in between the state of New Jersey.