A brand new 250-unit apartment product brings new hopes and dreams to a town that some people may have thought had sunk. Atlantic City had been seeing a recession for the past 10 years because of the new casinos that emerged in other states. Some of the AC casinos shut down, and real estate suffered somewhat because of it.
The Boraie Development group decided to invest in bringing Atlantic City back to life. Omar Boraie realized that although the casinos had suffered, the city still had a lot to offer. For example, projects like the Atlantic City Gateway project provided jobs to many people. There are more than 50,000 people who work in Atlantic City, and this new project can provide housing for a vast portion of those people.
The Boraie company is investing $81 million into this project, and it is going to consist of a massive structure that stands by several of Atlantic City’s most famous streets. New Jersey Avenue and Connecticut are two of the roads that will be involved. The structure will help to reclaim the strong reputation that Atlantic City had of beautiful buildings and positive dreams.
The developers plan to cater to the community’s needs when it puts together this project. Boraie’s vice president, Wasseem Boraie, hears the voices of the people and believes that this generation of renters has a firm grasp on what it wants for its community. Therefore, he decided to build the apartments with amenities such as fitness centers, social lounges and swimming pools. The project should bring some life to the city and raise the spirits of its residents. Atlantic City should once again become a place where people run when they want to have some fun. Visit Central Jersey Working Moms.
Boraie Development is a business that first got started in 1986 as an industrial warehouse. It’s located in New Brunswick, NJ and is the home of real estate development, property management and real estate sales and marketing. The company has a vast assortment of strong points, and one of them is the architects that they employ.
According to WSJ, Boraie’s architects are master craftsmen who not only have their visions, but they listen well to the clients’ desires and recreate their visions. Boraie services many of the large, big-name financial institutions, and they serve urban areas because they love the challenge, as well as the potential, to do things that have never before been done.