An Atlantic City project initiated by a New Jersey real estate company, Boraie Development is currently underway and will be finished by next summer. The project will be named The Beach at South Inlet and it’s projected to bring a total of 250 brand new apartments to the city. This will be Atlantic City’s first market rate housing development that the city hasn’t seen in at least 25 years. The apartment complex is worth approximately $81 million and its location is surrounded by the Pacific, Atlantic, Connecticut and New Jersey avenues. A gym, pool and indoor resident lounge will be some of the conveniences the luxury complex is expected to have. Wasseem Boraie, the Vice President of Boraie Development is convinced that the next best step for the real estate industry is to provide a proper modern housing stock. For more details visit Crunchbase to see more.
Boraie Development, LLC is a private real estate company based in New Brunswick, New Jersey. The company was founded in 1972 by Omar Boraie, his own sons currently serve as business partners. Sam Boraie is an Egyptian immigrant that came to New Brunswick, NJ over 40 years ago as a traveling scholar pursuing a Ph.D. in chemistry before his interest in real estate hit. Boraie Development offers real estate development, property management, sales and marketing. Their team of professionals work with the best financial institutions, architects and contractors to finish major projects in a timely manner. Visit pressofatlanticcity.com to know more.
For over 30 years, Boraie Development have provided their own capital and vision for every project developed. They became one of the most desired real estate developers in the whole state of New Jersey. The urban real estate company has sold more than $150 million in commercial and residential transactions through their Boraie Realty division. Their vision is to continue expanding and reshaping the areas of New Jersey for the better.