Real estate news in New Jersey is hopping with word about a new project by Boraie Development. Bringing more than 250 new apartments to the city, Boraie Development is set to open this for business in the summer of 2018. This is great news for those who currently commute and work in Atlantic City. Boraie is getting the advantage here to be the first to commence a market-rate project in the last 25 years.
As constant news and updates surround this project, The Press of Atlantic City toured the site to get a first-hand look at the development. The name of the new complex is The Beach at South Inlet. The dollar figure on this complex came in at a whopping $81 million dollars. The border of this massive lot will meet New Jersey, Connecticut, Pacific and Atlantic avenues. The number of individuals this complex will serve totals more than 50,000. Not only are commuters happy about this project, but also those who work in the city that would prefer the ability to walk to their employer.
According to NY Times, the city is optimistic, having suffered multiple setbacks since the crash of the economy 10 years ago. Commercial real estate also suffered, but with casinos and other recreational sites having closed during this 10 year slide, it has led to more room for projects like this with developers like Boraie to step in and start encouraging growth within the city. While non-gaming investments are being made right now, there is still plenty of room for more projects. One in particular that is also encouraging is the Atlantic City Gateway.
Boraie Development is focused on stabilizing the future of this city and the urban real estate market. Property management, along with sales and marketing are at the helm of what makes this developer great. Overall ,the company strives to build new and exciting properties while providing top-level customer service to all. Boraie also takes pride in their long standing history of working with some of the top financial institutions within the city. Check out press of atlantic city to know more.
Along with their service, Boraie is also poised to work with the top architects in the industry that are able to adopt the long-term vision that they have for their projects. Their ability to meet deadlines for all clients is solid, making Boraie a top choice for any commercial development today in New Jersey. You can search on Yahoo to see more.