Boraie Development Modernizes Atlantic’s Residential Coast
The south inlet section of Atlantic City will soon see a spectacular brand new residential building in their neighborhood. The new luxury apartments were done by Boraie Development, LLC and it houses 250 residential units that surround an accommodating outdoor pool. The residential development is called The Beach at South Inlet, it is located just a few steps away from Atlantic City’s famous boardwalk and ocean. It will be ready for tenants by the upcoming summer. This will be the city’s first market-rate housing development in more than twenty-four years.
The project is worth a total of $81 million and it comes with many modern amenities including a residential lounge, a fully equipped gym and an outdoor pool with a shaded lounge area. After a decade of seeing a downward spiral because of new out-of-state casinos paralyzed their gaming industry, Atlantic City can now feel a little more optimistic that their economy and community shows new signs of growth. Boraie Development’s vice president stated that the next project for the city is to create a modern housing stock. According to a report, more than 61 percent of Atlanta’s housing stock is outdated and is older than forty years.
Boraie Development, LLC is an urban real estate developer based in New Brunswick, New Jersey. They offer many services for their clients that include: property management, real estate sales and marketing and residential development. The company has been in business for well over thirty years, they’ve proudly developed many modern luxury properties in the state of New Jersey. Boraie Development uses private capital obtained by large commercial banks as well as their own capital to fund all of their wonderful projects. For more details visit Crunchbase.
The company works alongside an expert team of architects that have an unmatched vision, contractors that are always precise with their deadlines and secure financial institutions that are reliable and strong. Boraie Development’s founder is Omar Boraie, he serves as the vice president of his company along with his second son, Sam Boraie. Boraie Development was established in 1986 and is one of New Jersey’s leading source of urban property development.
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