News: Brokerage

AECOM's Tishman Construction managing the construction of Somerset Mews, a new residential tower in New Jersey

Tishman Construction, an AECOM company, is serving as construction manager for Boraie Development LLC's Somerset Mews. 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 s/f residential and retail tower featuring 16 stories that include 238 units, 8,000 s/f 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 s/f 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.
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