Boraie Development LLC is a top company that has specialized in real estate development. It is based in New Brunswick, New Jersey and was established by a 72 years old businessman who is known as Omar Boraie. Omar serves the business as it CEO and president and has been striving to transform the real estate industry of New Brunswick. He got his Ph.D. in chemistry in Europe and wanted to rebuild the city to have excellent houses like the ones that he had seen when he was in school.
Omar Boraie established the real estate company in 1976. According to fundacity.com, at that time the city had nothing much, and it was always deserted by about 4 p.m. The first project that he worked on was a block that had 21 vacated buildings. Most people thought that he was crazy to develop top-notch offices and condos in New Brunswick. He later started the construction of the Albany Street Plaza Tower One that comprises of office space that covers about 250,000 square feet. The state-of-the-art building offered the people of the city excellent business rooms that they lacked. The construction of the block was completed in 1988. He started the construction of Albany Street Plaza Tower Two in 2007.
After a while, the real estate developer gained interest in the establishment of quality residential houses. He built the One Spring Street Condominium Building, which is a 25 story building that is made of 121 apartments, a parking garage, office space, and retail shops. The building was launched in 2007. It has floor-to-ceiling windows and the spacious balconies. The price of its two bedroom apartments ranged from $400,000 to $500,000. The excellent residential houses that Boraie Development (boraie.com) constructed in downtown New Brunswick attracted middle-class professionals such as bankers, nurses, doctors, teachers, lawyers, and many others. Most people felt like they would live comfortably in the area.
In the reports published on Central Jersey Working Moms, the real estate development firm has committed itself to acquiring plots and buildings that have been underutilized and transforming them into state-of-the-art housing and office space. The company also developed The Aspire, which is a luxurious building that comprises of apartments, restaurants, and different forms of entertainment. Boraie Development is still establishing top-notch condos and offices in Newark, New Brunswick, and Atlanta City.
The vice president of Boraie Development, Sam Boraie, has led the firm in transforming demolition sites into decent buildings. He developed excellent hostels that can accommodate about 400 students near the Richard Stockon College. He has taken after Omar Boraie, who is his father.