Sam Boraie and Boraie Development made headlines back in 2013 when the NBA star Shaq invested into One Riverview in Newark. The plan was to convert the prior Science High School building into a 23-story, 169-unit apartment complex. The tower will also include retail shops on the first floor. The project is a collaboration between Shaq, Boraie Development and the city of Newark. O’Neal had also partnered with Sam Boraie previously to develop a new movie theater.
The project with Shaq has proven that Newark, NJ has more to offer than government buildings and budget housing projects. The apartments in the One Riverview building may rent out for between $1,400 to $2,200 per month depending on the size. Shaq grew up in the city of Newark and wants to rebuild his childhood city.
In 2014, Boraie Development played a part in fund raising $765,000 for the State Theatre. Sam Boraie was recognized during the event as one of the four honorees attending. The event had a concert by Frankie Valli & The Four Seasons, a dinner reception, a silent auction with 90 luxury items, an open bar, dessert bars, dancing events and a scotch tasting provided by William Grant & Sons.
Sam Boraie’s father Omar was featured in an NJBiz article in December of 2014. Omar was labeled as a visionary for transforming the city of New Brunswick from a declining, crime ridden city to a booming real estate center. At the time, Omar was finishing up The Aspire, a luxury apartment complex located in the center of town.
Boraie Development was featured in PRNewswire for their news leasing center The Aspire in New Brunswick. The Aspire leases luxury apartments, as well as retail space on the first floor. The tower heavily markets towards the boom of Millennials in the city. There are a mix of 238 luxury studio apartments and 2 bedroom apartments for young professionals and students. The apartments have high ceilings, hardwood floors in the living areas, gourmet kitchens with islands in the center and glass showers without frames in the bathrooms. The building was built by Tishman Construction, the same company that built the World Trade Center. The price range for apartments start from $1,750 to $2,750 per month.
The Estates at Waverly Place is a new project of luxury homes in Montgomery New Jersey. There are 7 custom estates that include large one acre lots. Montgomery Township School District is one of the best school districts in the state of New Jersey. The estates are nearby local entertainment, including Montgomery Cinemas and the Montgomery Shopping Center. There are several hospitals in the immediate area including the University Medical Center of Princeton at Plainsboro, St. Peter’s Hospital, Robert Wood Johnson University Hospital, Somerset Medical Center. You can find more information about the new project from their official website.
In addition to property development, Boraie Development offers property management and marketing services. The company is very experienced with sales, maintenance and marketing within New Jersey.