The Atlantic City Casino Reinvestment Development Authority Partners With Sam Boraie To Build A Luxury Residential Project

Atlantic City had big shoes to fill when the New Jersey Legislature and voters approved a 1976 constitutional amendment on NYTimes.com that allowed gambling in the state. Atlantic City needed something to put itself back together. During the 1960s, the popular resort area was a shell of a city. Three months a year, New Yorkers and people from Philly and Northern New Jersey invaded the city and spent money. But the other eight months produced very little revenue for the city. Like other New Jersey cities, Atlantic City was a crime-infested, poverty-stricken mess. But the license to allow gambling was meant to change that scenario.

People started calling Atlantic City “Las Vegas on the East Coast,” but the city never really measured up to that nickname. In 1984, the City Casino Reinvestment Development Authority was formed by the State Legislature. That group was organized to develop investment opportunities on statetheatrenj.org in Atlantic City, and to make sure every casino reinvested 1.25 percent of its revenue in urban development.

AC was a great place to go in the summer and on holidays or for a weekend get-a-way. Boraie didn’t understand why the city leaders didn’t attract more full-time residents, but Sam didn’t pay much attention to that issue. Boraie Development did buy eight acres in Atlantic City, and the plan was to develop that piece of property at some point. But Sam Boraie and his family were immersed in the revitalization and redevelopment of New Brunswick, and Newark, so the company’s investment in Atlantic City was on hold.

Boraie Development LLC was the money and the brains behind the resurrection of downtown New Brunswick.  The Boraie family has been developing office space and residential space in their city for more than 30 years. So it wasn’t a big surprise when Sam Boraie got a call from the Atlantic City Casino Reinvestment Development Authority. The Casino Reinvestment Development Authority wanted to invest in the proposed $100 million Boraie residential project that Sam Boraie was proposing. Sam and his family decided to develop the land in Atlantic City after working with basketball legend and Newark native Shaq O’Neil on two successful residential projects in Newark.

The Beach at South Inlet is a two-phase Boraie project that will give Atlantic City 250 luxury residences. The new community will have a workout facility, swimming pool, outside deck and a 10,000-square-foot residence lounge. A 400-space parking garage, retail shops, restaurants, and a grocery store will also be part of this Boraie project.

Sam Boraie is proud of his family’s accomplishments. Sam Boraie is also proud of Elijah’s Promise, the nonprofit organization that helps feed and educate the needy in the state. Sam sits on the Advisory Board of Elijah’s Promise. Boraie also plays an important role on the board of the New Brunswick State Theater. The State Theater has been around for more than 90 years, and it is bigger and better than ever, thanks to Sam and other donors. The State Theater helps educate students through music classes and live performances by big-name entertainers.

Town Residential to Open its 10th Outpost in a Span of only 3 years

Town Residential is opening its 10th outpost after being open for only three years. The Town Residential Real Estate brokerage firm was founded in 2010, picking up steam to where it opened its 10th building by 2016.

 

Town Residential is a real estate firm that was founded by Andrew Heiberger. This man is a founder of Citi Habitats as well which is a brokerage he sold to Town Residential.

 

Town Residential has found a niche in the luxury real estate services part of town, featuring an unapplied group of real estate representatives.

 

The luxury residential firm maintains sales, leasing and marketing sales and leasing in the 10 commercial and retail properties which it serves.

 

The company also recognizes client needs in exceptional customer service, expertise about the neighborhood it serves and working with the client neighborhood.

 

The privately held New York brokerage maintains a website at http://www.townrealestate.com and boasts between 201 and 500 employees. Right now, the firm is looking for a public relations specialist and an on-site sales associate.

Town real estate also has a blog that lists things like the five best places in Manhattan to find a mug of hot chocolate.

To find more information on the firm, its offerings and even the famous people who live or have lived in Town Residential properties, in addition to http://town realestate.com you can also go to the following links:

 

1- http://www.townrealestate.com/

2- https://www.facebook.com/townrealestate/

3- http://therealdeal.com/new-research/topics/company/town-residential/

4- https://www.linkedin.com/company/town-residential

 

You can also count on the blog, and with a little alliterative digging, find some of the best things to do in New York City that have nothing to do with hot chocolate.

One of the entries is for the New York City Marathon, that brings about 50,000 runners from all over the world to challenge a couple of dozen miles through NYC streets.

 

And what could be New York better than the Macy’s Thanksgiving Day Parade, with its amazing array of floats and entertainment.

 

Could there be a better place to live, where the sights and amenities and the best of all the world come together in New York City? You can even find your dream home at the Town Residential real estate or rental properties. All ten of the locations for Town Residential real estate empire are within walking distance of the finest places in New York, and provide some of the most magnificent views of not only the city, but parks and foliage that surrounds the buildings, too.