The Aspire is another successful project by Boraie Development. Located in the city center of New Brunswick, New Jersey, it offers 238 residential units along with retail space. The Aspire’s amenities and location give the luxury apartments a desirable address for New Brunswick professionals.
The Aspire puts dining, nightlife, and shopping right outside its doors. The Children’s Cancer Institute, Robert Wood Johnson Hospital System, and the New Brunswick Train Station are a short walk away. The Aspire feels secure with an around-the-clock doorman. The parking garage offers immediate lobby access via an elevator. The Aspire is pet-friendly and features a fitness and yoga center, a Resident’s Club with Library, a rooftop deck with barbeque space, and available indoor bike storage.
Boraie Development gets a lot of attention from its partnership with Shaquille O’Neal. With O’Neal lending capital and name recognition, and Boraie bringing the connections and experience, they focus on developing Jersey’s urban areas. These areas remind the former NBA star of his childhood growing up in Newark, where he spent many hours at the local movie theater and Boys and Girls Club because staying off the streets was crucial. For more details you can checkout bloomberg.com
Mr. O’Neal, now residing in Orlando, has already succeeded with the opening of the CityPlex12 Newark movie theater. With a $7 million investment, Boraie Development converted an old theater on Springfield Avenue into the CityPlex12. The theater’s opening was a transitional moment for Newark, bringing a new spirit into the neighborhood. Mr. O’Neal views his foray into property development as contributing to his childhood city. Omar Boraie, head of Boraie Development, believes these smart investments bring a return on dollars because they are building the right product.
Omar Boraie arrived in the U.S. from Egypt in 1970 to pursue his doctorate. He ended up in real estate, with his children now members of the company. Mr. Boraie met Mr. O’Neal in 2005 and they decided to team up to create new developments in Newark. Real-estate ventures by pro athletes don’t always succeed. With Boraie building over a million square feet of property in New Jersey, O’Neal had confidence his collaboration with Boraie would work.
Boraie Development offers services including Property Management, Real Estate Development, Sales, and Marketing. Boraie is dedicated to providing clients with sensational property developments. They deliver unmatched service by having long-standing relationships with architects and financial institutions. The end result is another triumphant project by Boraie Development. You can visit rutgers.edu for more info.