Omar Boraie is an Egyptian entrepreneur who relocated to New Brunswick a couple of decades ago in search of a Ph.D. in Chemistry. Nevertheless, during his time at New Brunswick, he discovered an interest in real estate industry. Even without any experience he embarked on the business establishing a company known as Boraie Development, LLC. The following is a summary of an article published in the Central Jersey Working Moms detailing the projects undertaken by Boraie Development, LLC.
In 1975, New Brunswick was still a plain state without many urban projects, and Omar began purchasing land and some of the neglected properties along Albany Street. In 1988, Mr. Boraie launched the Albany Street Plaza Tower One who provided luxurious offices to the populations. By 2007, he managed to construct an additional structure dubbed Albany Street Plaza tower two that was followed by One Spring Street condominium which comprised of 120 apartments that included one, two and three bedrooms units. Additionally, all the rooms consisting of floor-to-ceiling windows and full balconies. The two bedroomed apartments ranged between $400,000 and 500,000.
Wasseem Boraie, Mr. Boraie’s son, is the Vice President of Boraie Development and develops innovative plans of transforming demolition sites into decent properties. For instance, the area that surrounded the Richard Stockton College was once a dump site, and Wassem changed it to a lovely property with condos. Moreover, Wasseem also renovated the student’s hostel to accommodate over 400 scholars.
About Boraie Development
Boraie Development, LLC is a real estate business that has been in operation for the last three decades. It was founded by Omar Boraie in 1986 and incorporated in New Jersey. According to recent estimates, the real estate corporation makes approximately 9279614 yearly and has 35 employees. The company offers a broad range of services targeting the urban property sector including residential & commercial properties, Home warranties, Townhomes & Condos, Residential Resale, Computerized MLS, National Referral System, Corporate Relocation, and Full Service Office
Additionally, the team at Boraie Development is committed to constructing excellent properties and provision of unmatched services to its customers. Boraie Development, LLC partners with expert financial institutions, contractors, and architects with a vision to ensure timely delivery and completion of all its projects. According to Central Jersey Working Moms’ analysis, Boraie Development LLC investments and investment projects have evolved New Brunswick into one of the prominent states to live within the US.
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