Opening next summer in Atlantic City is a venture that will build 250 new apartments. This project will be a first in about 25 years that the City of Atlantic has seen.
This report of the building of the new apartment’s comes from The Atlantic City Press. The company that will be spearheading the project is Borail Development LLC. They visited the place where the project will take place. This area is called The Beach at South Inlet. It is an 81 million dollar compound and it will house about 50,000 people who are employed in the resort town. The boundaries of the complex include New Jersey, Atlantic, Connecticut Avenues and the Pacific.
The city of Atlantic has been harmed by the development of new casinos in nearby states. Atlantic City has seen their resort gaming business dwindle, but now they are upbeat about getting the city off to a grand start. Atlantic City has seen ten years of their neighboring states cripple them. They are determined to repair their damaged economy. Atlantic City Gateway enterprise is viewed as bringing stability in their economy.
Atlantic City is focused on using new investments to begin a brand-new beginning, looking forward to a grand future. According to Vice President Wasseem Boraie, he believes the next stage is to offer modern housing. Building these apartments will bring in and house a unique generation of renters. The compound will attract this new generation because of the amenities which include a residents lounge, swimming pool, and a gymnasium.
A report stated by Patch, that 61 percent or more of those in the city are 40 years or older. This report came from research by neighborhoodscout.com.
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