Atlantic City has always been the place to be on the Jersey Shore. The problem is that many who think of Atlantic City are thinking of the boardwalks, hotels, and lavish casinos. There is so much more to the city than just that.
City developers are seeking out ways to revitalize the areas of the city that do not include the casino district. They hope to get individuals or development companies enthused about the area and what it has to offer for families and young millenials. It is believed that young professionals can breath new life into the area, help to grow the tax base, and make all of Atlantic City a place where people want to visit and eventually live.
Wasseem Boraie is one such professional that the Atlantic City Development Board hopes to attract. Mr. Boraie owns a development company out of New Brunswick, New Jersey. He is well known for his numerous projects that have aided in boosting the economic development in many areas of the state, such as Newark.
The present mood in the area is that the younger, 25-34 age group can bring new hope and new ideas to the area. There are a few companies that are planning on developing some older buildings in the region to apartments.
One such project is from the owners of the Iron Room. They have interests in a number of businesses in the area. In order to boost the area and the worth of their own businesses, they are presently planning to renovate and old firehouse to an apartment building. It is in this way that they can help to preserve the history of the area, offer new and innovative housing for younger individuals, and attract new residents to the area.
This is also true for LPMG Properties. Its owner, John Longacre believes that through strategic investments more residents can be attracted to Atlantic City. His company is in the process of renovating an old Armory into an apartment complex. If the living arrangements are innovative, then the younger residents will flock to the area.
Heightening the population is another way to also enhance the business districts throughout the area. What is presently offered in Atlantic City is perfect for the people that already live there. When the population begins to grow, more business ventures will need to be developed for the needs of the increasing population. This will not only grow the area, but also its core base of revenue.