New Jersey’s Urban Developers – the Boraie Development

The Boraie LLC is an urban development and real estate company located in New Brunswick, New Jersey. The company provides its clients with real estate development, property management, and real estate marketing for clients within the New Brunswick area. They specialized employees that been able to work with financial institutions. They have visionary architects and contractors that meet clearly defined deadlines.

The company has a 20-year track record in development hence is one of the most prominent real estate companies in New Jersey. Their projects tend to attract tenants, residents and financial partners such as Goldman Sachs. These stakeholders appreciate their long-term commitment.

The Boraie’s latest project, which is their most prominent, The Aspire. A 238 residential unit apartment complex with 10,000 square feet of retail, located near the New Brunswick train station, along Somerset Street. The project was a collaboration between the company and NBA legendary hall of fame basketball star, Shaquille O’Neal. With Shaquille O’Neal wanting to give back to the community, from an early age. He felt that this was a strong starting point to re-surge the city to its former glory.

The apartment complex is a host of modern features and amenities, which deliver a nice experience to visitors. Furthermore, the building is opposite the Robert Wood Johnson Hospital System and the Children’s Cancer Institute.

The complex ended up being a $60 million rental complex, Newark’s first newly built housing tower for 50 years. The opening ceremony was attended by the basketball player and the Newark Mayor, Cory Booker. This shows the city’s full support in their projects and future developments. Under the partnership conditions, the building would be owned by Boraie Development.

Along with the apartment complex, the company went into another partnership with the basketball star, to restore an old theater. It totaled to $7 million renovation project. The two parties worked on other projects in the New Jersey project, bringing commercial growth and housing development in distressed areas. The star declared that the partnership wanted to move from one big project to the next, focusing on the more ravaged Jersey urban downtown.

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