Visionary Egyptian immigrant Omar Boraie is living the American Dream. He’s also making the city he calls home a better place for everyone living there. The now 73 year old Boraie moved to the United States in 1970 to pursue a doctorate in Chemistry. But soon after he found himself bitten by the real estate bug. When he got to New Brunswick four decades ago, the city had been decimated by the 1968 riots. However, Boraie saw the potential for New Brunswick to be a great city. In 1972 he created a real estate company and began working to rebuild New Brunswick.
Today Omar Boraie’s company is called Boraie Development LLC. Omar is president and his oldest son Wasseem is vice president. Together they’re leading a building boom in downtown New Brunswick. Boraie Development LLC on njspotlight.com builds commercial and residential structures. Currently they’re putting the finishing touches on a luxury high-rise residential property called The Aspire in the heart of downtown New Brunswick. It’s an area that people avoided after sundown not long ago.
That’s just one of many projects Omar Boraie and Boraie Development LLC have done in New Brunswick. The headquarters of Boraie Development LLC is on the 8th floor of a downtown New Brunswick office building that was the first great project Boraie built years ago. The panoramic view from the company’s offices shows a vibrant city rising all around them. When Omar Boraie began the project there were 21 vacant on boraie.com, dilapidated buildings on the block. One by one he bought a bunch of them then presented city government with his vision and his plan to make it a reality. They, like many others, thought Boraie was crazy.
That first building, Albany Street Plaza Tower One, brought 250,000 square feet of Class A office space at a time when New Brunswick desperately needed it. In 2003 Boraie Development LLC completed Tower Two and expanded the available Class A office space exponentially. The company then built New Brunswick’s tallest building, the 25 story One Spring Street Condominium. It features retail space in excess of 10,000 square feet, office space totaling 40,000 square feet, 121 luxurious one, two and three bedroom residential units and a parking garage with spaces for over 400 vehicles on boraierealty.com. Two months after the building was completed in 2007, it was completely sold out.
Omar Boraie’s vision of a thriving, vibrant New Brunswick is now a reality.