In an article published by Central Jersey Working Moms, Sam Boraie is described as an Egyptian immigrant that immigrated to New Brunswick, New Jersey about 40 years ago. He initially came to the United States so that he could pursue a Ph.D. in Chemistry. However, he saw an opportunity to make his career in the field of real estate open up for him. He founded Boraie Development LLC through which he continues to this day invests in properties throughout the city that he develops, manages, and markets.
When Boraie Development was first founded in 1975, New Brunswick was in a serious decline from which no one thought it would recover. The turning point happened that year when the giant firm Johnson & Johnson committed to keeping their headquarters in the city despite the headwinds. This development caused Omar to invest in several properties in the downtown core on Albany Street that were deteriorated and vacant. He built his first development on this street which he named Albany Street Plaza Tower One which was completed in 1988. The tower featured much-needed office, retail, and residential space that were quickly filled. Albany Street Plaza Tower Two, a condominium tower, was finished in 2007. More details can be found on Crunchbase.
The team at Boraie Development is committed to redeveloping the urban core of New Brunswick into a place that residents can be proud of. Boraie Development is a family company that now has his children serving as Vice Presidents. The team at Boraie has purchased several properties around the city that were dilapidated and contributed to the rundown feeling of the city and created vibrant new structures that meet the current needs of the city as well as serving as a magnet for people who want to live there.
Boraie Development has three main components. The first is developing real estate and the second is managing these properties once they are developed. Additionally, they engage in sales and marketing of these companies instead of turning that over to a third party. Their latest property is the Aspire which is a luxury rental tower that appeals to young Millennia’s who are attracted to the city.To know more about the company visit Bloomberg.
Check out the company website boraie.com