Boraie Development has taken on a huge partnership with former NBA star Shaquille O’Neal. The two powerhouses put together a mega-deal that launched a $150 million 33-story state-of-the-art apartment complex in Shaq’s hometown of Newark, NJ. Boraie Development is one of the most powerful, financially sound real estate development corporations in the world. Their architectural vision and structural engineering and sound financial direction helped create the The Aspire apartment complex which include amenities such as 24/7 doorman posted in the lobby, attached parking and on-site storage, including bike storage, for residents, two green roofs that residents can reserve for entertaining, a library, dining, pet friendly environment, and nearby transportation and dining.
Shaquille O’Neal has spent much of his retirement giving back to the community where he grew up. As a youngster, Shaq spent time in places such as the Boys Club and other community centers that would provide a positive direction and keep him off the streets of the inner city. Shaq said in an interview that any place that kept him off the streets for a few hours was a good thing, so he often spent time at the local movie theater.
Boraie Development and Shaquille O’Neal’s apartment project will take approximately 22 months to complete, and construction has already begun. Among the many, highly coveted amenities are a restaurant, movie theater, and shopping will also be on the complex or nearby. Boraie has the talent and experience to bring the partnership vision to life. Their experience with urban development has increased the economic value and opportunity for scores of urban locations.
Plans are also in effect to build another $79 million apartment complex with Shaquille. These huge real estate projects provide jobs for skilled in unskilled workers in New Jersey. The construction project will bring increased luxury in high rise living to Newark while boosting sales for retailers and restaurants in the area.
It is very rare to find a company to partner with an individual and take up his or her vision. Most companies are not flexible to take up such tasks. This is not the case for the Boraie development limited. Boraie development is a privately owned company that deals with real estate creating spectacular structures. It also focuses on managing properties for people and selling and marketing these properties. This year will remain very remarkable to Boraie development as it marked the launching of their major project in Newark city. This project was birthed as the vision by the former football legend Shaquille O’Neal.
O’Neal was born and brought up in Newark city, and this serves as his primary way of giving back to his hometown. He got this burden back in the year 1992 when his mother talked to him about the faded beauty of the city. His mother tasked him with this task, and it has remained with him. O’Neal was able to share his vision with the Boraie development, and they joined him in making this dream come true. Boraie has proven to be very reliable in their projects as they seek to give an extraordinary experience to their clients yet affordable.
Boraie is very strategic in choosing their partners. Their partners are the best in their fields and passionate about bringing change, for example, the Gilbane Building Company. It has also gained support and partnership with the government such as Mayor Ras Baraka, Governor Phil Murphy of Newark city. This has helped them in that it has made their projects run smoothly since they are accepted by the local government. Boraie has been able to construct magnificent structures such as the Shaq Tower in Newark which has 168 multiuse apartments. You can visit njbiz.com for more details.
They do not stop at just building magnificent structures; it also aims at changing the lifestyles of those around. This can be seen in the Newark project where they provide jobs to those living in that city. They also started a project to help women and the minority in that area called the Impact project hence helping them to grow financially. Most of their achievements are as a result of the great leadership in place such as Wasseem Boraie who is very visionary. Boraie is not stopping at this; they continue to launch more projects the latest being a 35-story building still in Newark.
Hussain Sajwani is the owner and chairman of DAMAC Properties, and international property development firm headquartered in Dubai, United Arab Emirate. He has college degrees in industrial engineering and economics that he earned in the United States by attending the University of Washington. The first business he opened was in 1982. This is an international catering venture that is still going strong. Today it provides food to 200 locations and serves more than 150,000 meals each and every day.
When Hussain Sajwani founded DAMAC Properties it was because he had identified a market opportunity. Under his leadership it is now one of the biggest real estate development firms in the Middle East with projects in many cities such as Abud Dhabi, Dubai, Riyadh, and Beirut. He has not set his eye on expanding DAMAC Properties out of the Middle East and recently completed a new project in London. So far DAMAC Properties has built almost 18,000 homes and in the planning stage plus under construction he is set to deliver another 44,000 of them.
The very strong growth of DAMAC Properties has been accredited to Hussain Sajwani’s vision and leadership. He has been named one of the most globally influential Arabs for a number of years now because of his ability to turn his vision into concrete reality. He has also become a skilled investor who invests his $3.1 billion in assets in global markets.
While Hussain Sajwani studied at the UW he had a part-time job as a time-share salesman. He saved quite a bit of this money and two years after graduating he used some of it to start his catering business. He says that as this business was very successful he decided to see what else he could do to make money and real estate is what caught his eye. He started out building hotels for international travelers and this led to him building homes.
Hussain Sajwani says the key to success is to always be willing to learn new things and grow professionally. He also suggests that others look to real estate to build their wealth, in particular in established global cities.