Boraie Development is a company that deals with real estate development, real estate marketing and property management for the New Brunswick area. They offer a large number of services which focus on New Jersey’s real estate market.
In 2017, Boraie Development opened a new 17 stories high building known as Aspire, in New Brunswick. The apartments are either one or two bedroom layouts, with hardwood floors in living areas, designer kitchens with quarts countertops, stainless steel appliances, and cable and internet readily available. In addition, the energy efficient PTAC Units minimize the heating costs that occur in winter. For more details visit Crunchbase.
In addition, the building has a 24/7 doorman in the lobby, and an array of social amenities. The building has a state of the art fitness center, two green roofs for resident use, and a resident club which includes a dining area, a library, and a kitchen. The area also has an attached parking deck which offers direct access to the lobby. The building has an indoor bike store which also doubles as individual storage. Due to it’s location, it is close to the NJ Transit Train Station, and it is right in the heart of New Brunswick, which means it is steps from bars, cafes, and restaurants.
According to Patch, prior to developing Aspire, Sam Boraie partnered up with basketball player Shaquille O’Neal and renovated an old theater, creating CityPlex 12 Newark, a project which cost $7 million and was completed in 2012. Due to the athlete’s star power, the project attracted notice. CityPlex was not the only project that Boraie Development and Mr. O’Neal worked on, as they planned they planned to develop many housing and commercial projects.
Another project that resulted from the partnership was a rental complex, developed at the cost of $60 million, in downtown Newark. The building was the first housing tower in 50 years, and the basketball player attended the ceremony, alongside other officials such as Newark’s Mayor, Cory Booker. By the time the project was finished, the two entities already had tree development projects in the work for the Newark area.
The firm was founded by Omar Boraie, who was a chemist that came to the United States from Egypt in 1970. His company developed over a million square feet of residential and commercial property in the last decade alone in New Jersey. Most of the projects they developed were located in the New Brunswick area.