The real estate industry keeps growing globally. Atlantic City has not been left behind either. If this is anything to go by, there is a mega project by Boraie Development coming up consisting of 250 apartments. The project is one of the largest in the city as they aim to change the face of the town.
Originally, Atlantic City has been known for not growing over the past years. It is probably a new light that has dawned on the city with Boraie Development contributing to the growth. During the recession, Atlantic City was among the worst hit which made a massive collapse of casinos in the area. However, it is such firms as Boraie that have renewed the city.
The project, The Beach at South Inlet, is expected to serve a large population who work there. The budget for the project is approximated at $81 million and is expected to be among the first market-rate development in Atlantic City in the past 25 years. Beach at South Inlet is set to serve a large population whose work is in the city.
According to Press of Atlantic City, this is a win for the city because it is a sign of it stabilizing. The closure of casinos due to the financial distress has paved room for the real estate industry to show potential for thriving. There is more to come especially with different firms showing interest. Boraie Development has identified that the millennials are the next big thing and they know what they want. The project will have social amenities like a gym and swimming pool. Visit press of atlantic city to see more.
Omar Boraie is the President of Boraie Development with his oldest son, Waseem Boraie as the vice president. The company has successfully built a series of buildings in Atlantic City. One remarkable project was the One Spring Street Condominium in New Brunswick which was completed in 2007. The project later sold out in two months. The building consisted of 121 residential units with a 400-space for parking. All this was possible because Omar identified a need for the city to continue growing.
Boraie Development came into existence in 1986, which means that the company has over 30 years of real estate experience. Their central headquarters are in New Brunswick in New Jersey. The company is a residential and commercial specialist, relocation specialist as well as in charge of developing condos and townhouses. They boast of a team of experts who are involved in their top notch projects.