Omar Boraie, an Egyptian immigrant, migrated to New Brunswick 4 decades ago determined to attain a Ph.D. in Chemistry. According to a publication by Central Jersey Working Moms dubbed: Entrepreneurs in the Real Estate Industry, Boraie got inspired to venture into real estate while in New Brunswick. He waited patiently for the right time to establish his business. New Brunswick in 1975 was not an urban city that you would enjoy living in today. Johnson & Johnson were committed to remaining in the city despite its short comings. It was during this time that Omar Boraie caught a break and started purchasing neglected structures and plots situated on Albany Street. By 1988, Omar had opened “Albany Street Plaza Tower One”, and was providing first class offices to New Brunswick residents. Omar opened “Albany Street Plaza Tower Two” in 2007, and soon after the “One Spring Street Condominium”.
The “One Spring Street Condominium” was able to hold 120 apartments. The apartments were 1, 2, and 3 bedrooms. Each apartment had a full balcony and floor-to-ceiling windows. A huge portion of these condominiums were two-bedroom units. The price for the two bedroom condominiums was ranging between $400,000 and $500,000. Ever since this time up to date, Boraie Development has been involved in renovating underutilized buildings and plots into office space and apartment units.
Omar’s son inherited his father’s business acumen. As vice-president at Boraie Development, the young man was innovative and developed fresh methods of turning demolition sites to decent neighborhoods. One of his notable achievements was when, under his guidance, a parcel of land near Richard Stockon College was renovated from a dump into a decent hostel unit. Wasseem Boraie was able to turn the site into a student hostel with a capacity of more than 400 students. Visit Central Jersey Working Moms to know more.
Mr. Sam Boraie was not only a Genomic scientist; he was a renowned entrepreneur who was confident about what he wanted. Boraie was creative enough to change something unworthy and useless into something amazing. Additionally, Wasseem Boraie inherited his wits and managed to match his own innovation to his dad’s creativity. Check out Crunchbase to know more.
About Boraie Development LLC
Boraie provides a wide variety of services that focus on the urban real estate industry. These services include real estate development, sales and marketing, and property management. The team at Boraie Development is dedicated to establishing spectacular buildings and offering unparalleled services to its clients.
Boraie Development always works with strong financial institutions, talented and vision oriented contractors and architects who understand the importance of deadlines in ensuring the success and timely completion of all projects.