Omar Boraie is coming close to the completion of his next project in New Brunswick. He has been developing real estate for decades and his newest luxury high-rise promises to be amazing. The deluxe building is positioned on Somerset Street in the middle of the city Aspire. Many of his potential tenants are upper class citizens with free income who enjoy luxury goods and a luxury lifestyle. This building has been in his plans for development for almost forty years.
Mr. Boraie is 73 years old and faced much opposition in the process of building his dream building. He has been laughed at and called insane, but he held onto his vision and it has more than payed off for him. When he began in 1972 the street was nearly empty and the town was all but vacant. There was no sense of commerce or a lively town center, but Omar Boraie would change all of that. He is the leader of Boraie Development LLC and began his development plans from an inspirational trip to Egypt. He witnessed what better development had done for the economy there and knew he could achieve the same thing in New Brunswick. This high rise marked the beginning of a journey in greatness.
According to WSJ, the project has 250 apartments, all luxury. In Atlanic City it is a sight to behold. Watching the sunrise from the upper floors in the high-rise is like watching a ball of fire being birthed in the sky. It is the city’s very first major development project in 25 years. It is known as The Beach at South Inlet and the total price for the project came out to $81 million. The apartments will call themselves home to more than 50,000 citizens who come to the city to bath in luxury and live in the resorts. Check out Central Jersey Working Moms to see more.
The city is very optimistic about the prospect the development provides. States close to the city with casinos have hurt the industry in Atlantic City, but due to the recent closures the casinos inside of resorts will no longer have a negative impact on Atlantic City. The budget cuts in the resorts have leveled the playing field and Boraie Development LLC plans to take the industry and town by storm. The economic boost is well deserved and the city will be thankful for the new project. The beautiful homes are set to open soon and once they do tourism will flourish.