Boraie Development LLC is a business based in New Brunswick, New Jersey that focuses on multiple services related to the urban real estate market industry, including property management, sales and marketing, and real estate development. They work only with top-notch financial institutions and have been setting the bar in real estate in the state of New Jersey for 3 decades.
As one of the most sought-after developers in the state, Boraie creates projects that attract people on all sides of the industry. With the help of their own capital and the use of private capital sources, they have upheld an upstanding track record for years. Boraie is a family affair that puts that passion behind their company. Developers Wasseem and Omar Boraie believe that private and public relationships can create big things when the private sector is held accountable. They hope for many more projects in the state of New Jersey that can be to the benefit of private investors and the general public. For more details visit Rutgers.
The business has done immensely well for itself; drawing-in more and more “big investors.” One such investor is Shaquille O’Neal, who helped the Boraie Development company develop Newark’s first residential high-rise in 5 decades. The completed project will include 169 rental units, spanning 21 stories and more than 200,000 square feet. The project can be referred to as both its official title as One Rector Street or the unofficial title of “Shaq Towers.” Check out Bloomberg to see more.
The Boraie company and Shaq were both in attendance at the ceremony that celebrated the new project, which should be completed by the end of 2018. And Boraie couldn’t take all the credit since their success came as the result of joint partnerships. Omar Boraie worked alongside the city, its officials, and citizens to gather support and funds. Shaq and his show-stopping investment pushed Boraie’s abilities over the edge and began a business relationship that isn’t ending anytime soon.
Boraie Development LLC is keeping the positive vibes going by announcing yet another project to be developed soon; alongside the one and only Shaquille O’Neal. Boraie plans on creating a 35-story building that will reside in the heart of Newark. This building will be mixed-use and could create another $150 million of investment back into the city. That project is in its infancy stages, but Boraie Development hopes to have the development completely underway by 2019.