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Category: New Jersey

Category: New Jersey

Boraie Development LLC provides services in the development of real estate, management of property, and marketing. Acquiring offices in New Brunswick and Dayton, the company started off as a real estate agency in 1972. Their primary goal is to redevelop New Brunswick from the tragic aftermath of hurricane Sandy, through direct capital and private funding.

Omar Boraie, the president of Boraie development, played a vital role in the remodeling of New Brunswick. He created the Albany Street Plaza Tower One (1988), followed by a second extension of the tower (2013) and the One Spring Street Condominium (2007). The condominium provided housing to several professionals who were employed in the towers.

New Brunswick experienced nothing but relentless downfalls. Whether it’s challenges faced from staggering property values across the city or influx of immigrants, major modifications were necessary.Growth occurred throughout several decades, with the help of Boraie Development and Johnson and Johnson. The changes consisted of urban renewal projects such as landscapes used for commercial and academic purposes.

Sponsored through EDA’s Urban Transit Hub Program and New Jersey Housing and Mortgage Financing Agency, The Aspire became one of the most prominent buildings in downtown New Jersey. It was featured on NJ.com, the official newsletter website for New Jersey citizens. The 17 story residential complex offers many advantages for people. Settlers are provided an extensive list of activities and services. This includes lounges in the kitchen, patios on the rooftop, gardens, doormans that monitor your apartment and a fitness center that’s available throughout most of the day.

Newmark Native

Four time NBA champion Shaquille O’Neal pledged to partner up for Boraie Development in a quest to expand the territory of New Brunswick. One instance is volunteering to cooperate with mayor Ras Baraka, during the beginning of August, to co-host a basketball tournament. The tournament was held on Broad Street in front of City Hall. Men and woman were aloud to participate in the three-on-three tournament.

During 2012, He teamed up with Boraie Development to open the Cityplex movie theater on Springfield avenue. This $7 dollar project was followed up, in 2013, with plans to convert Science High School to a multistory apartment tower that has retail property on the ground.

For Further Information

According to the news website nj.com, basketball legend Shaquille ONeal returned to Newark, his hometown to co-host a 3-on-3 basketball tournament on Broad Street, just in front of City Hall. Despite leaving the city for his basketball career, the star player has been actively involved in his hometown affairs. In 2012, in conjunction with the Brunswick-based Boraie Development LLC, ONeal was instrumental in the opening of Cityplex Movie Theater. In 2013, Shaquille, again in partnership with Boraie broke ground on The Aspire New Brunswick. This is the first high-rise development in Newark in half a century.
The Aspire New Brunswick, a 17-story high rise features 238 spacious luxury units. These are either One-bedroom and Two-bedroom apartments or well-appointed studios. This development will ensure New Jersey residents enjoy the lifestyle they deserve. Residents will be treated to unparalleled amenities like central New Jerseys most vibrant restaurant. An on-site maintenance and management as well as doorman services, 24 hours a day are some of the services to be enjoyed by the residents. There is also direct elevator service from the garage to the lobby.
These residences are built with a variety of the designs as well as the finishes. Some units feature 9- to 10-foot ceilings, private terraces as well as balconies. Hardwood floors characterize the living areas, wall-to-wall carpeting is done in the bedrooms as well as having oversized windows overlooking the downtown. These are features that are employed in all the units.
Boraie development has been in existence for over three years. Perhaps their long stay in the real estate industry is what convinced Mr. ONeal to partner with them. Or could it be the fact that they have developed over a million square feet of property in New Jersey, both commercial and residential? That is a detail we may never find out but what we know for sure is Boraie Development have what it takes to deliver. Over the decades, Boraie Development has been instrumental in enhancing urban communities in New Jersey. Building and redevelopment are just part of their rich portfolio which also includes property management services with regards to accounting, leasing as well as maintenance.