Atlantic City may have originally been known as gaming city, but change has been afoot in recent days with various casino closings and planning experts saying it’s time to open the doors to other businesses. Meantime, the city has also been looking at expanding and updating its housing availability, so that’s why Boraie Development is currently working on a new unit in the city. This new housing unit is known as the Beach at South Inlet and will add 250 new apartments along with luxury amenities and exquisite designs. For Wasseem Boraie, the Vice President of Boraie Development, he believes this new housing is important to meet the interests of younger prospective tenants who prefer certain features in their housing.
Since the mid-1970s, Boraie Development has been a catalyst for business growth across New Jersey thanks to what Omar Boraie had planned from the start. Omar Boraie immigrated to the US from Egypt to pursue a doctorate in chemistry at Rutgers, but instead of staying in the field he became overcome with a new idea. While studying at Rutgers and buying a house for himself, he took notice of the city of New Brunswick and saw a lot of abandoned buildings and shuttered businesses. In fact, the way he described the city was that it wasn’t even safe to venture out in after dark. But he believed things could get better if he took it upon himself to invest in the city and fix it, and he felt even more confident about that when he heard the healthcare provider Johnson & Johnson was staying in New Brunswick. Check out press of atlantic city for more.
According to NY Times, Boraie Development put their headquarters in tower one at the Albany Street Plaza, one of the first strips of abandoned buildings that Boraie had purchased including some parking garages and areas for corner stores. The renovations he did were able to convince many prospective business owners and corporations that New Brunswick was undergoing a makeover, and soon business was flowing back into the greater Newark area again. It was the housing market that Boraie turned to next when he purchased a lot on Spring Street and told planners he was going to put a 21-story apartment high rise, and though they thought he’d have a tough time selling it, but within 2 months it became full. Omar with his sons Wasseem and Sam have really stamped their mark on New Brunswick with projects like The Aspire and now the South Inlet Beach at Atlantic City, but they say they’re not done yet. You can search on Yahoo to see more.