Boraie Development: Unleashing Gigantic Housing Project

A housing project in Newark, which is the first market high rise for more than 50 years, is expected to have 21 stories, 169 rental units in a rental space of 184,000 square feet and 20,000 square feet. The housing project is built in the central point of Newark along a river at the 37-39 Rector Street. This is one of the newest projects in Newark under the Boraie Development and Shaquille O’Neal, former NBA superstar. The project was unleashed in a ceremony that was attended by major guests and hosts among them being Sam Boraie. This was an antidote of a collaboration of both public and private entities in making developmental progress in the urban centers. One of the partners, Wasseem Boraie, added that the partnership brought a new tone in the sector. The project was highly praised and anticipated to see the city grow in all areas especially in housing.

 

Boraie Development in collaboration with Shaquille O’Neal has announced another project in Newark city. The project will entail a 35 storey mixed use located at the center of the city along the McCarter Highway around the Ironsides Newark surrounding and the Gateway Center complex. The building is expected to contain 350 units which stands for around $150 million investment in the city. The vice-president of Boraie Development, Wasseem Boraie, added that the company has already begun taking steps in the project and they strongly hope that it will be in a different phase in 2019. This was spoken during the ceremony for unveiling the other housing project. Shaquille revealed that his mother infected the inspiration and hunger to make all the moves in the projects to him in 1992. His mother commented on the status of the city and her wish was that someone would rise and invest in making the city retain its beauty and look glamorous again. The Shaq Towers gives the city a new taste and a chance to view the areas across Hudson to Manhattan and Passaic. For more details you can visit crunchbase.com

 

Boraie Development is a company in the real estate industry offering real estate services to clients. It deals with services like real estate development, sales & marketing, and property management. The company partners with other organizations and firms such as the financial institutions, contractors, and architects to work on their corporate projects without ay failure. Boraie Company is based in New Brunswick in New Jersey, United States of America. It focuses on exploring new ideas and possibilities in the real estate world. You can visit patch.com for more info.

 

 

Reference: http://www.boraie.com/news/gambling-on-millenials

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