The Beach at South Inlet is an $81 million complex scheduled to be completed next summer in Atlantic City by Boraie Development LLC. It’s Atlantic City’s first market-rate development since the early 1990s. The project combines retail shops and 250 new apartments. It is a sign of Atlantic City’s rebirth and has people excited and optimistic. Over the past 10 years, Atlantic City has seen its economy slide. A number of casinos there have closed, while new casinos have popped up in neighboring states. But the Gateway Project and complexes like the Beach at South Inlet offer hope.
With 60% of the housing stock in Atlantic City over 40 years old, this new Boraie Development complex offers the modern housing stock the city desperately needs. With residents’ lounge, a gym, a pool and countless other modern amenities, this new project is helping Atlantic City prepare to meet the next generation of renters needs. Plus, many of the city’s 50,000 workers will use the need facilities. Some may even live there. It’s just one investment that is being made towards building a prosperous new future for the iconic vacation destination that is Atlantic City. Visit press of atlantic city to see more.
When Omar Boraie founded Boraie Development in 1972, many cities in New Jersey were looking like war zones. But then Omar Boraie, who had come to the U.S. from Egypt to study chemistry, got bitten by the real estate bug. He began to envision rebuilding New Brunswick and other neglected New Jersey cities the way he had seen Europe rebuilt after World War II. When Omar Boraie began telling people his rebuilding plans, they thought he was a misguided dreamer and laughed at him. But Omar Boraie began rebuilding one burnt out block after another and today, Boraie Development has transformed the downtown areas of New Brunswick and other cities in New Jersey. For more details visit Crunchbase.
These days, in addition to their Atlantic City complex, Boraie Development is working in Newark on a $61 million project with basketball great Shaquille O’Neal. In New Brunswick, Boraie Development recently completed the incredible, 238-unit, luxury rental tower The Aspire. The 18-story modern, full-service building has a 24/7 doorman, roof-top sky deck, stunning views of the Raritan River and tree-filled Johnson Park and a state-of-the-art fitness center. The apartments have hardwood floors, gourmet kitchens, quartz countertops, stainless-steel appliances, 9- to 10-foot ceilings and more. Boraie Development is investing in New Jersey’s bright future.