Boraie Spearheading New Jersey Development

A new project in Atlantic City that is set to complete 250 brand new apartments is scheduled to open by next summer. When finished it will be Atlantic Citys first modern construction in more than two decades, says last weeks statement by The Press of Atlantic City. Also pointed out was the fact about 61 percent of Atlantic Citys housing is more than a few decades old.

The Press of Atlantic City had a tour of the site which is soon to be The Beach at South Inlet. The Boraie Development $81 million projects currently undergoing completion will be circled by four avenues: New Jersey, Atlantic, Connecticut, and Pacific. The project will serve a sizeable percentage of the estimated 50,000 workers in the city.

According to WSJ, the new development is as a sign of popsitivity of Atlantic City growth after its 10-year decline in real estate. Casinos in adjacent states have had an impact on the city’s economy. Nevertheless, the closings have brought balance to the local gaming industry, while the town benefits from the stabilizing influence of new non-gambling developments such as the Atlantic City Gateway.

Another step in the city’s growth is building modern housing according to Vice President Wasseem Boraie who stated that a “new generation of renters knows what they want” The residences will boast various high-end amenities like a gym, pool and a lounge for residents.

Sam Boraie gives a wide variation of services in every section of the urban real estate industry: Property development, Management, and sales. They use close relationships with banks, architects, contractors, and designers to ensure each project is completed in a timely fashion. Boraie’s team is passionate about building amazing properties while giving first priority to clients. Boraie Development is responsible for over 11 projects in the commercial, residential, and retail sector in the New Jersey and surrounding regions. You can search on Yahoo to see more.

Reference: http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html