Boraie Development Provides a Solution to New Jersey’s Housing Crisis

If you have been keeping up with the housing market in New Jersey, chances are you’re well aware that the garden state was significantly impacted by the recession. In fact, during this time, New Jersey reportedly surpassed nearly every state in the U.S., in terms of foreclosures and delinquent mortgages. Although every state in the union was impacted by the recession, which lasted from 2007 to 2009, New Jersey was hit particularly hard, resulting in a calamitous downturn in state’s real estate market. However, as the U.S. began to climb out of the recession, and New Jersey saw an upswing in their local economy, a new housing problem arose.

Although a rebounding economy may sound great, it revealed a new set of real estate challenges for New Jersey. In fact, several studies have pointed to New Jersey’s strengthening economy as the impetus for the state’s current housing shortage, and according to Lawrence Yun, a chief realtor economist with the National Association of Realtors, the gap between the state’s available housing and consumer demand is expected to increase. So, how will New Jersey avoid, yet another, housing crisis? It’s simple, build new homes.

If you’re unfamiliar with Boraie Development, they are a leading real estate development company based in New Brunswick, NJ. According to the company’s website, Boraie Development LLC operates primarily as a real estate company, but they are also proficient in property management, development, sales, and marketing. In recent reports, Sam Boraie announced plans to create new projects that will spur the local economy, while simultaneously remediating the states housing shortage. These plans include attracting new residents and working with financial partners, that are equally committed to seeing Central Jersey Working Moms thrive.

According to Rutgers, one of the most ambitious projects backed by Boraie Development is an Atlantic City apartment project, which began construction in late 2016. The project, which is reportedly aimed at attracting millennials, will be comprised of 250 luxury apartments, all equipped with granite countertops, hardwood flooring, and stainless steel appliances. The project is said to be in the neighborhood of $81 million, in terms of development cost, making it one of the largest modern-day apartment projects in the state of New Jersey. Needless to say, local government officials are ecstatic; Aaron Randolph, Atlantic City’s first ward city councilman, expressed his enthusiasm for the project and is pleased to see years of planning finally come to fruition.

See more: https://www.bloomberg.com/profiles/companies/0601263D:US-boraie-development-llc

The Boraie Development Pledges to Air Free Movies throughout Summer in Conjunction with the Provident Bank Foundation

Omar Boraie recently dominated the headlines by offering to air the free summer movies series jointly with the Provident Bank Foundation. This highly anticipated cinematic experience is expected to incorporate various films such as Aladdin on August 16, the Extra-Terrestrial on July 19 and Frozen on July 12. Each movie is expected to air between 10:30 am and 7:00 pm while tickets will be freely available.

In essence, the free movies are expected to provide the youth with an impressive array of favorite films while in summer camps or with their friends and families. Slated for viewing at the opulent State Theatre, the highly popular movie palace has become synonymous with airing historic movies while also capitalizing on live performances.

According to Philly Purge, Boraie Development’s Vice President, the initiative is proud to host an event of such magnitude with the sole intention of giving local families a rare opportunity to view films at this historic venue. Alternatively, Provident Bank Foundation’s executive director, Jane Kurek hailed the initiative as a significant milestone in promoting harmony and collaboration to deliver historic experiences at the State Theatre.

Boraie development’s vice president of development and strategic partnerships, Anne Marie Gewirtz, also hailed the initiative while sensitizing on the company’s commitment to delivering affordable family-friendly programming. According to Miss Gewirtz, the annual community access initiative served as a stepping stone to providing a variety of free films and performances at the State Theatre.

By collaborating with the Provident Bank Foundation, the Boraie Development aims at reaching a larger audience of over 7,500 individuals. Movie fanatics are assured of an unrivaled experience courtesy of the state-of-the-art HD digital cinema system coupled with a 46 inch Stewart film screen supported by digital surround sound. The State Theater comprises of a 1,850-seat theater which audiences can enjoy from the comforts of their balconies.

Boraie Development’s Profile

The Boraie Development is widely considered to be a prominent real estate entity focusing on a diverse range of services such as Property Management, Sales Marketing, and Real Estate Development. Through the craftsmanship of its dedicated staff, the company has become synonymous with providing unrivaled expertise courtesy of spectacular properties at its portfolio.

Urban Investment Strategy

In essence, Acquisition properties are primarily aimed at filling the ever-growing economic demands of the diverse urban settlement. In most cases, the company focuses on master planning and core financial restructuring with a keen emphasis on residential, hotel assets, student housing, retail, and mixed use. The company strives at promoting partnerships spanning across real estate projects and scalable investments. Check out Bloomberg to know more.

See more: http://centraljerseyworkingmoms.com/the-boraie-team-makes-the-aspire-the-perfect-place-to-live/

Sam Boraie: The Visionary Real Estate Developer

The New York Times describes Sam Boraie as a visionary leader in the real estate industry and is Boraie Development’s current Vice President. He is the youngest son of the real estate industry veteran; Omar Boraie who founded the Boraie Development and is its current Chief Executive Officer. The company has its headquarters in New Jersey and concentrates most of its efforts in New Brunswick as one of its primary goals is to fortify this city. During his tenure in this senior position, Sam Boraie has been instrumental in the growth of the company to the industry giant it has now become. He is in charge of identifying new business leads and potential clients as well as monitors the progress of existing projects.

Major contributions

Boraie Development, under the leadership of Sam and his siblings, has developed a culture of working with the bespoke contractors, architects, and financial institutions to guarantee that the end product surpasses the society’s expectations. Sam Boraie’s direct involvement through the acquisition of the right resources to realize the organization’s objectives has made Boraie Development exceptional. The firm has been a pillar of the New Brunswick community and helped with much of the urban development that has breathed new life into the community. The company has so far developed various multi-use facilities that have become major landmarks and are appealing to all and sundry, be it a residential or commercial development. Boraie Development also played a significant role in the rebuilding of Atlantic City after the financial downturn it experienced a while back. See more: https://local.yahoo.com/info-11014537-boraie-realty-new-brunswick

Sam Boraie has also seen other projects through. This includes the completion of The Aspire, a 238-unit mansion situated close to the New Brunswick Train Station and One Spring Street. It is a posh twenty-five storied building that has more than adequate space for parking, rentals, and businesses. He has, in the past, partnered with Shaq O’Neil to redevelop Newark by building the unique Riverview apartment. The real estate firm additionally manages, develops and also sells properties in various parts of the country. These accomplishments are a clear evidence of the positive contribution from Sam Boraie with the help of others involved in running the family owned establishment.

Philanthropic causes

Besides the legacy in the corporate world that Sam Boraie has created, he is also known for his charitable and humanitarian causes. He currently serves as a board member at Elijah’s Promise; a New Brunswick charity organization whose mission is to mitigate hunger and poverty levels in the local community. This is done through the provision of food to those in need and educating them on nutrition and food-related topics. They also educate them on various jobs and how to retain them. You can visit his Crunchbase profile for more details.

Sam Boraie is on the Board of Trustees for the historic State Theater in Brunswick. This is a nonprofit organization that raises awareness of arts and culture and how the local community can earn from such. He and his family made a major contribution towards the transformation of this 1921 theater into the modern monument it is today. Indeed, Sam Boraie has been an inspiration to the younger generation as well as to other real estate developers.

To know more about the company, check out Bloomberg.com

Read more: http://www.prnewswire.com/news-releases/boraie-development-llc-opens-leasing-center-in-new-brunswick-new-jersey-300176946.html

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