Boraie Development is an enterprise that is recognized for its excellence in the real estate development sector. The company was established by the Omar Boraie, who is currently 72 years old. The main offices of the real estate firm are in New Brunswick, New Jersey. Omar is the current CEO of the Boraie Development, and he has led it in the constructing buildings across New Brunswick. He attended a Europe-based university for his Ph.D. and wanted to establish housing projects that were similar to the ones he has seen in Europe.
Omar Boraie joined the real estate development sector in 1976. According to centraljerseyworkingmoms.com, New Brunswick was in a horrible state at that time, and it was usually deserted by around 4 p.m. He started off his venture by rebuilding a block that comprised of 21 abandoned buildings. People thought that Boraie was crazy to construct top-notch condos and offices in New Brunswick. After completing the project, he started establishing the Albany Street Plaza Tower One. The building offered the city residents 250,000 square feet of excellent office space. The company completed constructing it in 1988. In 2007, Omar started developing Albany Street Plaza Tower Two.
The office space that Boraie Development established in the city attracted many businesses. Omar then saw that there was the need to construct a residential property and built the One Spring Street Condominium Building in 2007. It comprises of 121 luxurious apartments, offices, retail shops, and a parking garage. The property has spacious balconies and floor-to-ceiling windows. Most of its units have two bedrooms, and they cost between $400,000 and $500,000. The top-notch residential house attracted many middle-income earners to downtown New Brunswick. Many young people were comfortable with buying houses in the area.
Omar Boraie has been acquiring plots and buildings that are underdeveloped across the city. He ensures that they are all transformed into state-of-the-art properties that include homes and office space. His real estate development company also established The Aspire, which is described on centraljerseyworkingmoms.com as a residential building that comprises of luxurious apartments, restaurants, and various types of entertainment. Boraie Development is still devoted to constructing buildings in New Brunswick, and it has currently expanded to Newark and Atlanta City.
The real estate development firm’s VP, Wasseem Boraie, is an innovative individual and has enabled it to grow. He is focused on changing demolition sited into magnificent buildings. One of the structures that he has renovated is a 400 student’s capacity hostel that is close to the Richard Stockon College.