Omar Boraie is an Egyptian immigrant. He moved to the United States 40 years ago to work on earning a Ph.D. in chemistry. He ended up in New Brunswick, New Jersey and developed an interest in real estate. When Boraie first came to New Brunswick, many of the buildings throughout the area were derelict-looking and were burnt by the fires caused by the 1968 race riots. But he was able to envision the community as it could be. He founded Boraie Development and in 1985 his company constructed a two-tower commercial building located on 120 Albany Street near Spring Street.
It was a gamble, but it has paid off. The presence of the headquarters of Johnson & Johnson, the pharmaceutical giant, in the community gave him confidence to invest in the area. The headquarters of Boraie Development is now in one of the towers at 120 Albany Street. From there Omar Boraie can see an array of other properties that he owns nearby. One of his properties that is under construction is a 25 story residential building at One Spring Street. The property will have 120 apartments with one, two and three bedrooms, full balconies and floor-to-ceiling windows. Their prices range from $350,000 to $500,000. The 3-bedroom penthouses will cost a lot more.
Now he has put down roots in the community. One of his sons, Sam Boraie, is the vice president of Boraie Development and Wasseem Boraie, his other son, also plays a prominent role. The company is in the process of putting up super-high-end New York-style apartment towers that nothing in New Jersey can rival. The apartments in them are beautifully designed and the building will have a fitness center, an enclosed pool and a 7-story 425 parking space garage with a roof-top community garden. Boraie has hired Costas Kondylis & Partners as the architect.
Omar Boraie’s vision for New Brunswick has now become a reality. New Brunswick now boasts a growing number of modern commercial and residential buildings with spectacular views of the Raritan River. Many people credit Omar Boraie and his determination to rebuild New Brunswick for the transformation of the downtown area that has taken place. Omar Boraie says many others played very important roles as well. He points to city, civic and business leaders that have helped with the city’s rebirth. His sons Sam Boraie and Wasseem Boraie have also helped Boraie Development and the city of New Brunswick to thrive, in a report by NJBiz.
Under Omar Boraie’s leadership the company offers an array of crucial services for New Brunswick’s urban real estate market. They include real estate development, management, marketing and sales. Omar Boraie and his team have built spectacular properties and provided their clients with unparalleled service. They’ve worked with some of the strongest architect, contractors and financial institutions to make Omar Boraie’s vision for New Brunswick come true. For more info you can visit Patch.com.