Hometown Journey

Boraie Development- Game Changing the Real Estate Industry

The Shaq Tower has brought excitement, business, and class back to the city of Newark after 50 years without having a high-rise resident. The tower opened with a topping-off ceremony that was embraced by the major players of the building including the owner Shaquille O’Neal. Other hosts of dignitaries to the celebration included Gov Phil Murphy, the Boraie development company owner Omar Boraie, developer Wasseem and the Ras Baraka the Newark Mayor. The project is developed on Newark downtown along the river at the Rector St.37-39, and it consists of high rise houses with 21 stories. The square feet of the building is 184,000 hosting 169 rental units and ground floor of 20,000 square feet of business rental space.


According to Wasseem Boraie, the building has brought together business players of both private and private entities to ensure the city of Newark has modern and latest urban centers. The Shaq Tower is a project of former NBA marking the territories of his hometown with the fantastic skyline. The Goldman Sach also played a more significant part as partners in the development, and this was the creation of new milestone for the people and town of Newark says, Murphy. Murphy also said the projected showcases the power of togetherness and partnership between different entities. Check out re-nj.com for more.



Shaquille O’Neal stated that the project was a personal venture that started years back in 1992 when his mother said that the city of Newark needed to become beautiful again and somebody needs to take an initiative pointing. He states that his mother gave him a big elbow near his chest and he knew he had to fulfil her dreams. Shaquille O’Neal together with Boraie Development announced their next project that will include a 35-storey building with the latest designs and amenities costing a tune of $150 million. The mixed-use 35-storey project surrounded by the Newark strategic places like Ironside and Gateway Center complex on the McCarter Highway, and it will hold 350 units. For more details visit statetheatrenj.org



Boraie Development provides the people of New Brunswick and nationally with Real Estate Developments, Real Estate Marketing, and Property Management services. The principal specialist of the company is working with architects who have a vision and the contractors who understand the value of deadlines and the financial institutions who love expanding. Lately, the company is gambling with building the millennial cultured buildings that come with high-tech technology and amenities hence diversifying their growth. Boraie Development believes in capturing beauty and concept to attract the millennials.



Read more: https://www.crunchbase.com/person/sam-boraie#/entity