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SOURCE Tishman Construction
NEW YORK, Oct. 15, 2013 /PRNewswire/ -- Tishman Construction, an AECOM company, announced today that it is serving as construction manager for Boraie Development LLC's Somerset Mews. Located in the heart of New Brunswick, N.J., this $80-million redevelopment sits adjacent to N.J. Transit's New Brunswick train station and the city's hospital corridor. The project will transform the site into a 400,000-square-foot residential and retail tower featuring 16 stories that include 238 units, 8,000 square feet of retail space, and a 4-story parking deck. Somerset Mews will also have a fitness center, outdoor space and common-area amenities for its residents.
This project highlights Tishman's successful, ongoing relationship with Boraie, having completed the 25-story, 400,000-square-foot One Spring Street mixed-use tower in 2007.
"We are happy to be continuing our work with Boraie Development to further enhance the New Brunswick community," said Jay Badame, Tishman's president and chief operating officer of New York, New Jersey and Pennsylvania. "Somerset Mews will be a fantastic residential development, and our dedicated team is committed to the successful realization of Boraie's vision."
Hiam Boraie, vice president of marketing for Boraie, added, "Tishman has proven to be a reliable, efficient and true business partner on our development programming. We are excited to begin this second major construction initiative with them."
An official groundbreaking ceremony occurred on Sept. 23, 2013, and construction on the project is expected to be completed by the end of 2014.
About Tishman Construction
Founded in 1898, Tishman Construction, a wholly owned AECOM subsidiary, is one of the world's leading builders, currently managing construction for the 1,776-foot-high One World Trade Center, the Javits Convention Center expansion and renovation in New York, the new headquarters for the U.S. Department of Homeland Security in Washington, D.C., and the new Anaheim Regional Transportation Intermodal Center for high-speed trains in California. Known for successfully managing complex, iconic projects, Tishman is responsible for the construction of more than 450 million square feet of space, incorporating facilities of every size and type, including arts and culture, commercial, convention centers, education, gaming, government, healthcare, hospitality, residential, retail, sports and leisure, technology and transportation. More information on Tishman Construction can be found at www.tishmanconstruction.com.
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 140 countries and had revenue of $8.2 billion during the 12 months ended June 30, 2013. More information on AECOM and its services can be found at www.aecom.com.
About Boraie Development LLC
For 30 years, Boraie Development LLC has been a pioneer in urban project development. The Company specializes in mixed-use, commercial, and residential development projects. Its development pipeline and projects expand throughout the State of New Jersey. Please visit www.boraie.com to learn more about Boraie's transit-oriented approach to urban development.
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