Boraie Development – Atlantic City

Atlantic City is now home to a 250-unit housing development that’s open for residents this fall. 600 NoBe (short for North Beach was developed and constructed by Boraie Development LLC and is this city’s first housing offered at market rate in almost 50 years. The project came in at a cost of $85 million and is located only blocks from the shore. It consists of three distinct buildings, two of which have 85 five units, and the other with 80 units. All 250 units are expected to be completely open and ready to go by Thanksgiving. The units are sizeable and offer the modern amenities that homeowners of today are looking for. One-bedroom apartments measure an impressive 850 square feet, while the two-bedroom units contain 1,350 square feet.

The project met with quite a bit of skepticism when Boraie Development first proposed it. The area of the city where 600 NoBe is located is the resting place of many housing and revitalization projects that have failed over the years. However, Boraie Development was not deterred and remained bullish with their development plans. Their efforts have paid off. Since 600 NoBe opened back in January of 2019, leases have been going like hotcakes, and the clientele consists of respected professionals from every industry. According to the director of leasing Maritza Busch, doctors, lawyers, police officers, businessmen, and casino workers are the tenants populating 600 NoBe. Busch also has stated that their 18-month lease goals were all but reached in 8 months.