By the time it hits summer in 2018, the community of Atlantic City, NJ will see a brand new modernized apartment complex in their neighborhood and ready for new tenants. The new development will house 250 units and have all the essential amenities and additional luxuries such as: resident lounging area, fully equipped gym, outdoor swimming pool and so much more. The project was initiated by Boraie Development LLC, a real estate giant that deals with property management and real estate development. Their apartment complex project will be called The Beach at South Inlet. For more details visit Central Jersey Working Moms.
The approximate cost of this new complex has reached up to $81 million and will be located just steps away from the boardwalk and some tenants will get a beautiful view of the Atlantic Ocean. There hasn’t been a market-rate complex developed in Atlantic City for more than twenty-five years. It was also confirmed that over 61 percent of Atlantic City’s livable housing stock is older than forty years. As this new project starts to take shape, the city can expect to find positive new growth after a decade of decline from competing with the gaming industry in neighboring states.
Boraie Development LLC has over thirty years of experience in the real estate development industry. The private company offers many services that cater to the development, sales, marketing and property management in the urban real estate market. They work with major financial institutions, licensed contractors and talented architects for the completion of every one of their projects.
Boraie Development was founded by Omar Boraie in New Brunswick, New Jersey. Omar Boraie was an Egyptian immigrant who came to the United States to obtain his Ph.D. in Chemistry prior to his interest in the real estate industry. His company has quickly become one of the most in-demand developers in the whole state of New Jersey. Check out their website boraie.com