Sam Boraie pulls through to complete first Newark high rise in 50 years

Newark, New Jersey has fallen on a rough half century. Starting in the early 60s, the city, once a major center of industry in the state of New Jersey, began experiencing many of the same problems that cities across the country faced. Deindustrialization, white flight and increasing urban crime were just some of the problems that beset Newark, in its fall from grace. Things got steadily worse, with no sign that anything would intervene in the process of collapse that would eventually render the city little more than an East Coast facsimile of Detroit.

But one man had a different idea about where Newark’s future would lie. Sam Boraie, of Boraie Development, one of New Jersey’s most successful and innovative real estate development companies, saw in Newark the raw materials and building stock that are the makings of a great city.

Sam Boraie had made a name for himself spotting value where no one else thought it existed. His firm was largely responsible for the miraculous comeback of New Brunswick, New Jersey from the brink of total collapse. Today, that city is home to some of the most sought-after real estate on the East Coast, and it has the perspicacity and tenacity of Boraie Development to thank for it. More details can be found on Crunchbase.

Still, in Newark, Sam Boraie faced an even steeper challenge. Conventional lenders wanted nothing to do with risky projects in what they regarded as a backwards slum. Boraie was laughed out of numerous meetings with bankers, being chided for his relentless optimism and for having the gall to think that an area populated by winos and ex-cons could ever amount to anything but a cesspit of rampant criminality and vice.

But it was Boraie who would have the last laugh. The veteran developer paired up with basketball great Shaquille O’Neil, bypassing traditional lenders completely. The duo first successfully developed a state-of-the-art cinema complex, the Ciniplex 12. Then they set their sights even higher.

Boraie and O’Neil broke ground on One Riverview, a 26-story, ultra-luxurious apartment complex in late 2013. The building is slated to open this fall and has already been nearly fully reserved. You can visit Bloomberg for more info about the company.

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Mr. Jose Auriemo Neto – A Highly Successful And A Genius Entrepreneur At JHSF

JHSF is a leading name in the real estate sector in Brazil. It is involved in the free area of housing in Brazil in commercial and residential incorporation. It is instrumental in developing various hotels, shopping centers and also an international airport.

It was established in the year 1972, and it is known for its ability to recognize some chances in the market where it functions. It has got the potential to exhibit many alternatives in the projects to provide excellent options in the development of the projects.

JHSF has made its presence felt in capitals like Salvador, Sao Paolo, and Manaus. This firm has got four business units comprising of Fasano hotel and restaurants, shopping centers and airports.

It is a forty-two-year-old firm that is listed in the corporate governance section in the year 2007. JHSF is focused on the income part that develops and also does the management of the commercial towers and shopping malls. There are four shopping malls such as Shopping Ponta Negra, Fashion outlet, shopping Bela Vista and also the Jardins.

JHSF has got immense experience in the market. It has made a mark in creativity and development. JHSF is the first and foremost company in Brazil of the segment to include hotels in its venture. Mr. Jose Auriemo Neto got into the position of the executive president of the JHSF.

Mr. Neto is a successful businessman and the chairman of JHSF board of directors; He has got a wife and children in New York. They adhere to the establishment of the high rise apartment building with the JHSF hotel service that faces Central Park. The rooms will be available for rent and are not for sale. This is a great master plan.

Mr. Neto manages the retail portfolio and also the great shopping by the groups. He takes care of the shopping complex by the name of Cidade Jardim in Sao Paulo. Some developments in the Sao Paolo district are in the construction phase in the developing market in Brazil.

Mr. Neto organized the first operation of the group into retail and also different partnership agreements with Pucci, Jimmy Choo, and Hermes and also opening of the highly expensive brands in JHSF.