The big news in Atlantic City today is a new apartment complex that will be unveiled this summer in 2018. This development is now the first market-rate complex to be built within the last 25 years or so. The Atlantic City Press went to tour the site last week, getting a personal tour of the inside of this massive complex to see first-hand what is has to offer. This complex had a budget of more than $80 million dollars, and it shows. The name for the new digs is The Beach at South Inlet. With over 50,000 people working in this resort town, it is a welcome relief to see a new place to live and possibly for many to be closer to their employers.
This complex borders some of the busiest avenues in the city including Connecticut, Pacific, New Jersey, and Atlantic avenues, giving easy access to the busy town. What the city likes best about this complex is its ability to bring growth and stimulate the economy. Over the last ten years, the resort town has suffered numerous set backs due to the economy. Additionally, this meant that casinos and other fixtures in the gaming industry were closing their doors. After losing significant revenue the town is ready for a revival, and Sam Boraie has much to do with that.
According to Patch, Boraie Development has played a key role in bringing non-gaming developments to the city. This has been a tremendous relief for city officials in that they have a solid investment coming into the city, and it is one that still serves the community. Boraie Development has more than 30 years experience in the commercial real estate industry, and has the winning edge that is needed to work with the top investors and architects available. You can visit their website boraie.com
Additionally, the reputation of Boraie Development is sealed with the ability to land relationships with the top commercial banks in Atlantic City. This is a welcome relief for the developer because it enables them to build long-term relationships with those who can see their long-term vision come to life. Working as a team with their internal clients, Boraie Development continues to aid in the new growth and new life of Atlantic City.