Boraie Developments Partnership with Shaquille ONeal Drives Development of Spectacular Properties Around New JerseyDecember 29, 2018 - Author: steph
The Aspire, a rental tower in New Brunswick, was recently unveiled and opened for occupancy. Individuals who are “inspired to Aspire” around New Brunswick have Boraie Development to thank for the state-of-the-art tower.
The building is strategically located near New Brunswick train station for convenience. It marries convenience with modern design to give trendy renters value for their hard-earned money. The designer apartments, spacious parking space with direct building access, 24/7 security detail, state-of-the-art studio all in one-The Aspire- brings a new approach to commercial and residential property development in the area. The building is surrounded with amenities such as entertainment and recreational facilities as well as hospitals. The beautiful views of the city beautified by many trees, the Raritan River as well as Johnson Park makes The Aspire is the residential destination for trendy renters.
The Aspire is one of the many phenomenal properties developed by Boraie Development, a prominent New Brunswick developer. The patriarch of the firm came to the United States in 1970s to get his doctorate degree. He deviated from his chemistry career and ventured into the real estate market, a ateful developments that saw the inception of Boraie Development. Since then, it has developed over 1 million square feet of commercial as well as residential property in New Jersey.
In 2005, Boraie got into talks with a formal basketball star, Shaquille O’Neal, about a partnership. Shaquille O’Neal entered into a partnership with the developer soon afterward and since then, they have developed magnificent properties together including the renovation of an old theater which now goes by CityPlex12 Newark on Springfield Avenue in 2012.
Boraie Development and Shaquille O’Neal aims to take housing and commercial development to distressed areas of New Jersey. In the wake of the plan to take development to the most distressed areas of the state, the partnership has continued to gain recognition with the renowned basketball player bringing star power and financial muscle to the table. The New Brunswick-based developer brings many years of experience and many political contacts. According to Mr. O’Neal, they will start at Jersey’s urban downtowns and move to other areas, one great project at a time.
Boraie and Shaquille O’Neal’s latest project in Newark broke ground recently. The $60 million rental complex is one of its kind. It is the first modern housing tower in 50 years in Newark. Mr. O’Neal is doing this in an effort to give back to a city he grew up in.
Boraie provides services around urban real estate market: Property Management and Sales/Marketing as well as Real Estate Development. It is committed to the development of spectacular properties while at the same time providing unmatched services to its clients.
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