Omar Boraie is undoubtedly the most prominent real estate investor in New Brunswick. He came to the city four decades ago to pursue his Ph. D in Chemistry. According to a blog published through Central Jersey Working Moms, the city had scanty crumbling buildings and was way below the standards of an urban city in terms of buildings and infrastructure. The visionary Boraie was inspired by the cities he had seen in Europe and dreamed of rebuilding the New Brunswick to that similitude. To many people his idea seemed unrealistic, even crazy. But he was not to be moved from his dream.
Omar Boraie began buying abandoned structures and plot along Albany Street. He developed the Albany Street Plaza Tower one in 1988. The plaza offered world class offices. Soon after, he built the One Spring Street apartment block. The Condo comprised of 120 apartments having floor to ceiling windows and full balconies. The apartments consisted of three, two and one bedrooms and had a price range of up to $0.5 million. You can visit Fundacity for more info.
Since then Boraie’ss Company, Boraie Investment has specialized in transforming abandoned or underutilized buildings into luxurious residential blocks or offices. He is delighted in working to achieve his dream for the city. His latest project was the development of a high-rise residential called the Aspire on the Somerset Street. As the project comes to its completion, Omar Boraie is delighted that people no longer consider him insane.
Among the few people who have helped Omar Boraie achieve his dreams is his children led by his son Swaseem Boraie. Swaseem has served as the Vice President of Boraie Development where he pioneered new ways of improving demolition areas. One of his outstanding achievements was the renovation of student’s hostels in Stockton College. Check out Crunchbase to know more.
In an article on WSJ, Creating deluxe residential and offices has brought a number of benefits to the city. It has attracted talented workforce who no longer have to travel for long hours to find comfortable accommodation. The planning of the city’s infrastructure has also improved. Omar believes that with continued developments and planning, the city will become a beautiful community of young and old, business people and professionals.
Boraie Development next project is the construction of Albany Street Tower Three. It is planned to sit on a 150,000 square feet space and will provide high-end commercial offices. As Omar Boraie gives way for young blood to further his dreams, he is pleased with the milestones he has made in the past 10 years.