After relocating to New Brunswick from Egypt, Omar Boraie completed his Ph.D. in Chemistry. He, however, developed an interest in real estate market and ventured into it. He purchased abandoned structures and buildings along Albany Street with an aim of transforming them into desirable properties. Initially, New Brunswick was not the vibrant city it is today however by the year 1988 Omar Boraie had started to change this. He first set up the Albany Street Plaza tower that contained first class offices. In 2007 he established the second Plaza tower for the residents of New Brunswick.
According to Central Jersey Working Moms, since then Boraie Development has innovated projects aimed at providing housing and offices for the residents. It has been credited to establish the prominent One Spring Street luxurious housing constitute 1-3 bedroom apartments with floor to ceiling windows and full balconies. The apartments are 120 in number and range from four hundred to five hundred thousand dollars. Waseem, Omar’s son has followed in his father’s footsteps. He is creative and has the drive to change the city of New Brunswick into an epicenter of extensive infrastructure. During his interview with New York Times, he addressed poor condition of the place near Richard Stockton College and his visionary plan to transform it into something desirable within a limited period of time. With the people support Waseem plans to incorporate his creative ideas into renovating the hostels for the students in New Brunswick.
Boraie Development is a development company that deals with property management, real estate developments and sales and marketing matters. Founded in 1986 by Omar Boraie the company has its main office in New Jersey. Additionally, it has a branch office in Dayton, New Jersey. The company has greatly contributed to the rebounding of New Brunswick City since the 1980s. The organization has a total number of 35 employees and generates returns worth $ 9,279,614 annually. The company mainly specializes in Full-service office, Commercial development, National Referral systems, free market analysis and home warranties.
Boraie Development can be credited for various developments in New Brunswick for instance, in partnership with the MJ Housing and Mortgage financing agency it oversaw the construction of The Aspire, 17 stories housing on Somerset Street. The organization plans to launch another commercial site that will serve both technological and biological science. It has also associated with Provident Bank fund to develop a Community Access Initiative that aims at providing affordable programming to families and friends. Check out Central Jersey Working Moms for more info.