Boraie Development was established in 1972 within New Brunswick by Omar Boraie. It develops real estate projects in the area. Omar’s work and vision have seen the transformation of New Brunswick over the years. Before settling in New Brunswick, the chemistry major was a traveling scholar in Europe.
Omar Settles in the United States
In a report by NJ Biz, in 1972, Omar settled in New Brunswick and started his real estate company. Reminiscing on the past, Omar recalls how everybody left the town after 4 p.m., which affected business operations. His first development project was the renovation of a whole block with 21 run down and vacant buildings.
At the time, many questioned Omar’s decision to construct high-rise condos and office buildings in downtown New Brunswick. However, he had the vision to develop the area similarly to what he had seen during his travels in Europe. In the 80’s Albany Street Plaza Tower was finished while the next decade saw the completion of a 250,000 square foot modern office building.
Later, Sam Boraie realized that the area needed modern residential units. He built a 25 story Spring Street Condominium building with 121 units, retail shops, a parking garage, and office space that were completed in 2007.
As his company developed, Omar saw a market niche for luxury developments. This was because many professional lawyers, doctors, firefighters, nurses, teachers, and people in business relocated to downtown New Brunswick. This was as a result of Omar Boraie’s efforts in modernizing the area. Another one of his projects, the Aspire, was specifically designed to attract millennial and trendy residents due to their style and convenience.
At 72 years old, Omar Boraie still serves as the company’s president. He is assisted in daily operations by his three children each in different management positions. Omar is also one of the most respected businessmen not only in New Brunswick but also in the state of New Jersey.
Originally Published on May 5, 2017, through the Central Jersey Working Moms.
Boraie Development LLC
Egyptian-American national Omar Boraie started Boraie Development LLC in 1972. The company is located in New Brunswick, New Jersey. Established as a real estate development firm, Boraie LLC specializes in urban development projects that have turned the area into a thriving economic hub in the region. Today, Boraie Development LLC has continued to develop projects in Atlantic City, Newark, and New Brunswick. Additionally, the company has aligned with several business partners and celebrities like Shaquille O’Neal.
Visit their company profile boraie.com