BUSINESS

Brief Background On The Projects Led By Boraie Development.

Boraie’s Developments.

Boraie development is a family ran real estate business that has specialized in the development of real estate projects, real estate marketing, and property management, located in New Jersey. The group came to be after its founder, Omar Boraie came to the United States back in the 70s to pursue his doctorate in chemistry. Prior to the move, he was a chemist in Egypt. Since its establishment in the 80s, the real estate firm has developed a very strong political network in New Jersey, which has played a major role in its sustenance. As a family business, the real estate development group is lead by Omar Boraie, the father and architect of the group and three of his adult children, who hold different leadership positions in the firm. The New Jersey real estate giant has given over three hundred thousand dollars as endorsements to different politicians and political committees both on the federal and state levels. According to historical records, creating political friends has proven, over and over again, to be on with the best ways to ensure continuity of a family dynasty or legacy in business, which is also proven by the local real estate developer.

Partnership with Shaquille O’Neal.

One of the many recognized projects, covering over one million square feet in commercial and residential properties by the development group, is the New Brunswick 169 units housing tower which includes high-end facilities and finishing which aims at ensuring comfort, class, and beauty for those planning to live in it. These facilities include a gym, a pool, a doorman and the price of 1400 dollars for renting a studio. Another one of these magnificent projects, a child of the partnership between Boraie Development and Newark’s retired pro basketballer, Shaquille O’Neal, is the cityplex12, which was an upgrade of a former movie theatre on Springfield Avenue. The theatre, which opened last year, features a 300 seated auditorium, finished up with leather seats. The projects were a much welcome relief for both the basketballer and the residents of Newark.

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