Sam Boraie’s Contribution in the Revitalization of Jersey and Newark

Community Revitalization

Sam Boraie is the Vice President of a renowned real estate company known as Boraie Development. Boraie Development has built several projects in New Brunswick, New Jersey. New Jersey has been a laughing stock for decades. As the haven for crime, mob activity, drug abuse, and abandoned lots, the cities like Hoboken, Trenton, Newark, and Jersey City have been waiting for the Messiah for generations. Considering that crime leads to the degradation of neighborhoods while making these areas unsuitable for real estate development, Sam Boraie has taken a different approach while revitalizing these cities. With the help of a comprehensive plan, Boraie development has come up with a couple of urban infill projects to prevent the sprawl and bring these cities back to life. The development of the following projects has become a breath of fresh air in this region, preventing the mass exodus and renewing the abandoned zones:

Newark project

Today, Boraie Development has outgrown its New Jersey’s confines and spread to the neighboring Newark and Atlantic City. One of the most notable projects is Newark high-rise development that Boraie development built in conjunction with basketball star Shaquille O’Neal. For the first time in over 50 years, the skyline of downtown Newark is starting to take a new shape. The project will cost over $70 million dollars and will offer plenty of residential and retail space for investors from all parts of the world. According to Shaquille O’Neal, developing the Newark project was part of his corporate social responsibility as he has been looking for an opportunity to give back to his community. This project has a rental complex, retail section, Movie Theater, and a couple of units for sale at the market-rate. The citizens of Newark are delighted to have a new theater in the vicinity.

Atlantic City

Boraie Development also has a couple of exciting urban development plans for the Atlantic City. One of the main urban design philosophies is to renew the bare southern region and convert it to a new resort suburb. One of the key landmarks of this project is the Revel Casino Hotel Tower that has plenty of open space for outdoor recreation. According to Yahoo, Boraie developments have thrived in the construction of the mixed-use buildings that provide both residential and retail spaces. Besides these facilities, Boraie has been instrumental in community development, especially when it comes to including some movie theaters, shopping malls, and outdoor recreation facilities. Besides the range of services that benefit the community, Boraie Development aspires to build a 250-unit condominium that will provide the New Jersey families with quality and affordable housing. This project is an idea whose time has come as it will not only revitalize the urban skyline, but it will also provide an array of facilities that will benefit the public.

Through the development of the Atlantic City, Sam Boraie has given the New Jersey families a chance to socialize and enjoy a couple of movies. Besides developing the historical theater in Brunswick, Sam Boraie is an active member of the management board.

http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html