The project is contingent on approval from the U.S. Army Corps of Engineers. The Casino Reinvestment Development Authority, which has zoning and land-use oversight of the city’s Tourism District, also needs to approve the plan.

“Atlantic City’s momentum in building a livable, workable and playable destination continues with the announcement of a new luxury housing development in the Marina District,” said CRDA Executive Director Matt Doherty. “MGM’s track record here with its ownership of Borgata, and Boraie Development’s success with the luxury housing development at 600 North Beach, makes this partnership a win-win for Atlantic City.”

Boraie recently completed construction of Atlantic City’s first market-rate housing development in a half-century, 600 NoBe, in the South Inlet. Wasseem Boraie, vice president of the company, said it was too soon to say when the project would begin.

“We’re honored to be partnering with an incredible company like MGM,” he said. “I think everyone in Atlantic City sees how we’ve kept our promises and we deliver.”

+5 Atlantic City's new housing development exceeding expectations ATLANTIC CITY — Juan Pemberti began his law enforcement career in Atlantic City as a Class I…