Boraie Development Eyes New Development Opportunities in Atlantic City

Many people who follow the news have probably heard about the decline of Atlantic City. The New Jersey urban center is largely known for being a hub for consumers and tourists who want to be close to the coast of the Northeastern state while indulging in games of chance. For years Atlantic City has drawn visitors from across the United States and the world who have been interested in experiencing the thrill and glamour of the casinos that populated the city. However the casino business is no longer the booming industry that it once was and this has left the community of Atlantic City in somewhat dire economic straits. Fortunately however games of chance and gambling are not the only tools that can further the economic development and revitalization of Atlantic City. There are business people from other industries in the state who are looking to transform Atlantic City and who see the longtime tourist destination as a hub for business opportunities.

One of those business people is Omar Boraie. Omar Boraie is a businessman who is the founder of the New Jersey real estate development firm that is known as Boraie development. Omar Boraie started his professional career by pursuing a degree in science that eventually led him to come and study at Rutgers University in New Jersey. However according to a report when Omar became involved in the process of buying a house he came to appreciate the real estate industry and observed that there was a need for real estate development in New Brunswick, New Jersey. His company Boraie Development was able to help transform his adopted city into a sophisticated and developed urban center.

Today Omar’s children are helping him to lead his company into the future by implementing his vision for breathing new life into struggling residential areas. Just as Boraie Development helped to transform New Brunswick in the 1970s it is now helping to bring change to Atlantic City as it grapples with the loss of the casino industry. Today Omar Boraie‚Äôs son Waseem who serves as the vice president of his company is helping to oversee a new residential real estate development project in Atlantic City. Check out their website boraie.com

The project is an $81 million dollar apartment project that will have 250 units. According to reports stakeholders in the project such as the mayor hope that the new apartments will solve the city’s problem with providing new housing. Much of the existing housing in Atlantic City is currently decades old.

Read more: http://magazine.rutgers.edu/insights/seeing-the-future

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