Atlantic City will get a surge in the real estate market. In the first market-rate development in almost 25 years, a new 250 apartment complex building will open up next summer. The Beach at South Inlet is a Boraie Development project is a 81 million dollar project that will cover Atlantic, Pacific, New Jersey, and Connecticut Avenues. This project will serve 50,000 people who currently work and or are moving there.
This project will show optimism in the community’s growth after the economy has been going down over the last ten years due to neighboring casinos. New non-gaming projects, such as the Atlantic City Gateway project, are seen as a way to stabilize the economy of the area. Boraie development says the new project will add more modern real estate options, because the real estate market has 40 year old plus stock. This new project will have the more modern amenities. For more details visit Bloomberg.
Boraie development has a history of invigorating communities. They focus on the urban real estate market and help to bring new projects in to revitalize communities. They cover all aspects of the real estate market. From real estate development to property/sales and marketing, they work on the project from the beginning. The company even focuses on the management and upkeep of properties. Check out Central Jersey Working Moms to know more.
New Brunswick is a community that has benefited from Boraie development’s vision. The Aspire, a luxury high rise, is the latest project in a forty year plan to overhaul the community. He has turned the deserted, vacant town into a thriving residential and commercial enterprise. His company works towards the improvement of communities and the idea of economically stabilizing them. Boraie development has and will continue to work towards revamping Atlantic City into its full splendor. This is according to State Theatre New Jersey. The newest project, the South Inlet, is just one step in a much larger plan.