Atlantic City is usually the first city mentioned when the state of New Jersey is the topic of conversation. Atlantic City has the longest boardwalk in the world, and the city is the home of the Miss America pageant. The other fact that some people forget is, the street names in the Monopoly game are the same as the street names in Atlantic City. Atlantic City is the “Las Vegas on the East Coast.” People from all over the world come to town to take a bite out of lady chance.
But the city known for swimming horses, cotton candy, and oysters on the half shell does have some serious housing issues. And there are other political situations that are holding the city back. The New Brunswick-based Boraie family is doing something about those issues, according to Sam Boraie. Sam Boraie is the second son of real estate developer, Omar Boraie. For more info about Sam, visit Crunchbase profile.
Sam Boraie is also a real estate developer, but his business and personal accomplishments are not just in real estate. Sam is a dedicated philanthropist and social activist. The Sam Boraie story is still being written, but Sam is responsible for changing the way the inner-city of New Brunswick looks, and he is in the process of doing the same thing in Atlantic City. The Boraie Development Company just broke ground for a 250-unit apartment complex near the Atlantic City boardwalk and the casinos.
According to PRNewsWire, the new luxury apartment complex is the first of its kind in the gambling mecca. Sam and his brother and sister believe the quest to turn the badlands of Atlantic City into a haven for Millennia’s will make a positive impact on the economy of the city. The Beach at South Inlet project is the start of fresh housing development, and the city desperately needs something to get its mojo back. The $81 million complex will feature apartments with hardwood floors, granite counter tops, a gym, oversized pool, and a lounge. The modern architectural features will add luxury living to the list of Atlantic City attractions.
Boraie Development and Sam Boraie, in particular, are known for turning the economic tide in several New Jersey cities. Sam and basketball legend Shaq O’Neil are credited with adding a luxury residential building to Newark’s skyline. And Sam and brother Wasseem, and sister Hiam are responsible for carrying the torch, and adding more luxury residential buildings to New Brunswick’s downtown skyline. Read more about the company on Bloomberg.com.
Even though Sam Boraie, and the Boraie name, is brought up in conversations about New Jersey real estate development projects, Sam is also a board member of the nonprofit Elijah’s Promise. Elijah’s Promise feeds the hungry and educates them, so they can work in the food industry. Sam is also on the advisory board of the New Brunswick State Theater. The State Theater is a major attraction in New Jersey. Boraie plays an important role in the decision-making process for the 96-year-old theater. The theater not only entertains people; it also educates the children of New Jersey.