New Brunswick, New Jersey, United States
For over three decades, Boraie Development, LLC, has helped to enhance urban communities in New Jersey. The company’s urban investment strategy involves investing in urban neighborhoods which have intrinsic value through redevelopment activities. These efforts go into the development of commurcial, mixed-use properties, retail establishments, and residential properties. Moreover, Boraie Development offers property management services, including leasing, maintenance, and accounting.
Boraie Development has played a prominent role in regentrifying the City of New Brunswick. Lately, the firm has been focusing its efforts on the City of Newark's downtown district. By partnering with professional basketball legend, Shaquille O'Neal, it has been able to develop commercial and residential real estate in Newark and other New Jersey cities. In 2012, the partnership made possible a renovation project worth $10 million: The old theater located on Springfield Avenue became CityPlex12 Newark. The following year, Boraie Development began an ambitious project - a $60 million rental complex, One Rector Street, that upon completion, will be the first new housing tower in downtown Newark in half a century. Additional projects involving O'Neal and the development firm include a market-rate housing facility in newark and a retail complex in Atlantic City. More information on these projects is available on www.boraie.com.