Boraie Development: Creating Residential Buildings in New Jersey

Boraie Development is a real estate development company based in New Jersey. The company is headed by Sam Boraie, who is the founder of the company serving as its president. He is being assisted by his son, Wasseem Boraie, who serves as the company’s vice president. The father and son tandem is working together to build residential and commercial properties in New Jersey. They are responsible for changing the skyline of the state, and they are credited for transforming several cities within New Jersey such as New Brunswick. Their decision to stay in their home state and develop structures within the territories of New Jersey brought in jobs for the locals and other opportunities which benefited the state. Check out Bloomberg to see more.

According to Central Jersey Working Moms one of their latest projects is the creation of more than 250 apartment buildings in the city of Atlantic City, a settlement located on the eastern part of the state which is home to almost 40,000 people. The project is expected to be finished by next year, and it is slated to open to the public by summer of 2018. The project is considered as the first market rate real estate development in Atlantic City in a span of 25 years. The name of the project is The Beach at South Inlet, and the total cost to build the structure is around $81 million. The project is located between major avenues, and getting there is not a problem. Once completed, the project can house more than 50,000 individuals who are working in Atlantic City. The resort town is home to several amusement parks and entertainment centers, and it is logical to build an affordable housing unit that can be rented by the employees who came from faraway places. Visit their website boraie.com to see more

The new real estate development is being welcomed by the citizens of Atlantic City, and they are hoping that it is the beginning of the city’s economic boom. Atlantic City’s economy became stagnant for more than a decade, after its casino industry was crippled by rising entertainment cities nearby. The people are hoping that the project would generate jobs that can benefit families living in the city. The vice president of Boraie Development, Wasseem Boraie, stated that after they finished the project, they are looking forward to build more housing projects in the city. The Beach at South Inlet would have several facilities which the residents can enjoy, including a swimming pool, fitness center, and a lounge.

Reference: http://www.wsj.com/articles/SB1000142405270230452620457909952025609506