How Omar Boraie Has Helped The New Brunswick Community
Omar Boraie is a man from Egypt who founded a real estate development firm in New Brunswick, New Jersey. He founded Boraie Development, LLC, in 1972. When he specializes in developing buildings that include residences, offices, and retail space. He is dedicated to making downtown New Brunswick a thriving community that attracts residents and businesses to the city.
When Omar Boraie first started his business in New Brunswick, the downtown core was blighted and had lots of abandoned properties. According to Patch, Omar Boraie started buying these properties, tearing down the existing buildings, and then designing and building attractive new towers in their place. At Boraie Development, after the property is completed they do property management of the tower along with continual sales and marketing.
When he first started developing properties in New Brunswick, many in the real estate community thought he was crazy for building in the city. However, his buildings attract new residents and businesses to the city and has led to others rebuilding in the city making it an important hub in the region. As Omar Boraie is very humble, he gives a lot of credit to the President of Johnson & Johnson, Dick Sellers, who decided to keep his headquarters in the city which was a huge employment boon to the area.
As per NJBiz, outside of New Brunswick, Omar Boraie has also built the first high-rise in Newark since 1960. This $65 million dollar project has proven very popular in the city and has led to redevelopment around it including new restaurants and retail. He is also a building in Atlantic City that will be called The Beach at South Inlet. This will be a luxury development and will be a key part of the city’s Tourism District.
Besides his real estate career, Omar Boraie is dedicated to helping local nonprofits. He is a financial supporter of the State Theater’s free kids movies program and is a Trustee of this nonprofit. He also sits on the board for Elijah’s Promise, a charity that feeds the hungry and also teaches people how to work in a kitchen so they can get jobs in the restaurant industry.
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