Chris Holden

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How Omar Boraie and His Sons Changed Newark

by Chris Holden - December 6th, 2019.
Filed under: Business Adviser, Business Expert. Tagged as: .

Shaquille O’Neal is one of the most recognizable figures in modern sports. The former NBA legend has switched career paths to pursue the life of a sports commentator and entrepreneur. Shaq has a long track record of making business investments that many other basketball players would never think of, such as owning 27 different Five Guys Burgers and Fries franchises. His most recent investment includes the opening of an $80 million luxury apartment building in his hometown of Newark. The building is 22 stories and is only a few minutes away from the New Jersey Performing Arts Center and the newly renovated Hahne & Co. Building. Shaq plans on the building going down as one of the most historic buildings in Newark as well as one of the most beautiful buildings in the city as well. The building plans on opening its doors in the upcoming summer months but has already been 60% leased out according to Wasseem Boraie.

None of this would be possible with the help of Boraie Development and their dedication to bringing something special to the city of Newark. The group of developers consists of Omar Boraie and his two sons, Sam and Wasseem. They originally came to the city in 2006 with the goal of becoming the biggest developers in the city. Over a decade later, they’re responsible for the creation of one of the city’s newest and most popular buildings. Leslie Anderson, the CEO of the New Jersey Redevelopment Authority, says that he loved working alongside the Boraie family and admires the passion they have for delivering quality work.

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