Omar Boraie is a warm-hearted 75-year-old president of Boraie Development LLC. When he started the company in 1972, News Brunswick totally looked different from the way it looks currently. Boraie Development has helped with much of the urban development that has breathed new life into the community by building the eight-floor office on Albany Street, to top residential units and much more. That building was his first significant project in New Brunswick. According to NJBiz, there were over 21 dilapidated and vacant buildings on that block. Hence, he started buying one after the other, and once he was through, he went to the city and laid down his plan.
At first, people thought that Boraie was crazy, but in reality, he was ahead of his time. Albany Street Plaza Tower One immediately provided the city with the much-needed class, since it had an office space of 250000 square feet in the 1980s and 1990s. The second tower named Tower Two, and located next to Tower one, was completed in 2003 adding perfect office space to the city.
To continue the growth of the city, he realized the need to build top-flight residential units; hence he envisioned the New York City style of One Spring Street Condominium buildings. He built a twenty-five story building, the tallest building in New Brunswick, containing 121 residential units, a 400 space parking garage, 40000 square feet of office space, 10000 square feet of retail along with outdoor space to walk your dog and to barbecue. Completed in 2007, it sold out in two months, says an article on Bloomberg.
As a real estate development firm, Boraie Development LLC as worked with many different areas of New Jersey, including the various small towns around the state and even in the Atlantic City. They first branched out here since there was a huge amount of land to develop and a huge demand for different developments. They enhanced the establishment of restaurants and retail places in the area, while also providing enough room for casinos in case the casinos decided to branch out in future. See more: http://patch.com/new-jersey/newbrunswick/omar-boraie-chair-genomic-science-established-rutgers-cancer-institute
In Atlanta, they have a building named The Beach at South Inlet with 250 residential units near the Atlantic Ocean and the Broadwalk. In Newark, they have a pending building, The Rector, which is 26 story building with residential units. The estates at Waverly Place are a project in progress in Montgomery, New Jersey which is about half an hour drive from New Brunswick. That project will result in seven custom homes.
Omar Boraie is also on the Board of Trustee of State Theatre New Jersey in New Brunswick. Opened on December 26, 1921, it is the second states biggest non-profit organization. The theater hosted film screenings and vaudeville performances in the early years but underwent a one-year renovation in 2003, to give it to its original state. Currently, it is the scene for Broadway shows, dance and music performances, and family events, which are attended by students and teachers.
Boraie is also on the Advisory Board of Elijah’s Promise a new Brunswick Organization that feeds the hungry. Apart from serving meals, they also aim to eradicate hunger by providing fresh food. They also provide training in the baking and culinary arts, to enable people to find jobs in restaurants and bakeries.
See more: https://local.yahoo.com/info-11014537-boraie-realty-new-brunswick