Atlantic City’s Housing Gets Some New Polish

Atlantic City is a place in need of fresh, modern new housing, according to the Vice President of Boraie Development, Waseem Boraie, and that’s exactly what it is getting with the upscale new apartment complex, The Beach at South Inlet. The Beach is scheduled to open this summer, and it marks the first upscale new housing development to go up in the area in over two decades.

The Press of Atlantic City is currently reporting on the development of The Beach, which is going up in a lot that is bordered by Connecticut, Pacific, New Jersey, and Atlantic Avenues. It is hoped that this upscale new building complex will provide new homes for the 50,000 people who are employed in the local resort area. Check out NJ Biz to know more.

A New Belief in Atlantic City

The sight of a large new building complex going up is great news for a city that has seen a major downturn in its fortunes over the last ten years, as the gaming industry suffered when nearby states opened up their own casinos. During the past decade, several local casinos closed, but there is a sense that this may have ultimately helped to keep local gaming to a manageable size.

Boraie Development’s Commitment to Atlantic City

According to WSJ, Boraie Development has had a huge commitment to the improvement of Atlantic City over the years, and Vice President Waseem Boraie told The Press of Atlantic City that The Beach at South Inlet can play a major part in attracting a younger generation of workers to the area. In Boraie’s view, new development needs to cater to the needs of this demographic, with upscale amenities like the pool, gym and lounge area that The Beach offers. Boraie also notes that in Atlantic City, over 60 percent of the housing was built over 40 years ago, so there is definitely a need for more modern and more appealing developments here.

Boraie Development, LLC has long been committed to making a difference in the quality of life in the Atlantic City area, with its array of real estate development and sales services. With the new addition of The Beach at Inlet in the area, Boraie is making a major statement about the general feeling optimism about Atlantic City and its future. You can search on Yahoo to see more.

See more: http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html

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