Atlantic City is happy to see some brand new housing hit the scene including a new beachfront apartment complex that’s being constructed known as the Beach at South Inlet. This 250-apartment building is another addition to the portfolio of Boraie Development, a company that’s invested a lot into New Brunswick, Atlantic City and the other neighborhoods of Newark to improve the business landscape and quality of life. What they want to do right now is put new housing in that attracts not only older middle-aged home buyers and business owners, but also attracts younger people who need certain amenities. The Beach at South Inlet has plenty of those including its glamorous outdoor pool, a public use gym, easy access to the beach and plenty of features in the apartments themselves. For more details visit Crunchbase.
According to Patch, Boraie Development is a company that New Jersey has to thank for bringing businesses and residents back into some of its struggling cities during a time that few thought possible. The company was founded by Sam Boraie who is currently its president, and his two sons Wasseem and Sam also oversee its administration. Omar Boraie is Egyptian-born and he came to the US to enroll in Rutgers University’s chemistry doctorate program. But several years into his time in the US, he took notice of New Brunswick’s real estate market. Most of the cities downtown buildings were old and falling apart, and the streets were considered too dangerous to venture out in at night. But he began researching how to buy commercial real estate, and upon buying the downtown properties he began a plan to build them back up. Check out his page boraie.com
Omar Boraie started with an office space building on Albany Street where he would move his company’s own corporate headquarters to, and right next to it was a parking garage and soon shops starting popping up around it. He named that first building tower one, and then next to that one tower too was completed 15 years later. As Boraie continued renovating buildings within the Albany Street Plaza and nearby, he restored faith in people that New Brunswick could once again be a hub of commerce. Boraie Development’s residential masterpieces began with a 21-story high rise on Spring Street, and then 7 years later The Aspire became one of the top living quarters. Boraie Development has also built student housing for Rutgers University and some of its other affiliates, and Omar Boraie and his sons say they’d still like to see more done.
Click here: http://www.boraie.com/