Category Archives: Real Estate Development

Why Sam Boraie Stands Out When It Comes To Real Estate Development

Boraie Development LLC is a dedicated real estate company with a vision to develop an array of post-modern projects that suits the needs of the contemporary homeowner. Customers can depend on the professionalism and reliability that the development team guarantees. Since the company has a 30-year Development record, Boraie Development has become one of the renowned real estate companies in New Jersey, reveals Yahoo.com. Since everyone wants to be a part of this success, Boraie Development attracts many buyers, renters, and financial partners who appreciate their commitment and long-term development plans. Besides selling the housing units, Boraie Development also offers the property management services. By maintain their properties in the right way, the company ensures that every physical development project goes according to plan. As such, the company prevents the deterioration of these properties by carrying out the renovations in intricate detail.

Company growth through the subsidiaries

The company has grown through a couple of subsidiaries with a goal to reach as many customers as possible. The Boraie Realty subsidiary, in particular, has racked up more than $150 million in commercial and residential transactions. The sales division teams up with the development and property management departments to understand the key residential and commercial factors that determine the direction that the new developments will take. Boraie Development understands that the economic landscape can shift unexpectedly. As such, the financial team undertakes a thorough feasibility study before embarking on any development project. Once the financial team completes the feasibility study, it collaborates with the sales team to brainstorm and make the decisions that will determine the direction of the subsequent development processes.

The Atlantic City Gateway Project

The Atlantic City Gateway development is a public-private redevelopment project worth over $210 million and located in the southern parts of the city. This project features over 800 space parking garage, 7,000 square feet of retail space, South Jersey Gas headquarters, and the beachfront satellite campus at the facing the University of Stockton.  http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html

The Newark Development Project

Sam Boraie and Shaquille O’Neal have teamed up to develop this magnificent property in Newark. After breaking then ground a couple of months ago, the project management team has made significant strides in the development of this architectural masterpiece. The project will feature over 500,000 square feet of retail space, as well as mixed-use office and residential space. The site is located at the new Triangle Park. As the construction progresses, the prospective buyers are booking their units through the presales. In addition, the financiers are providing mortgages at an affordable rate. Once a prospective buyer pays the deposit, the bank undertakes the remaining amount and offers a mortgage at an affordable rate. As you can see, the developments of these architectural masterpieces and the cost-effective financing options have made Boraie Development a leader in the real estate niche. For more info, visit crunchbase.com.