Egyptian immigrant Omar Boraie is businessman, philanthropist and real estate developer. About 40 years ago he came to the United States to pursue a Ph.D. in chemistry. His studies led him to New Brunswick, New Jersey. Boraie ended up getting bitten by the real estate bug and has remained in the city ever since. He started Boraie Development and raised his sons Wasseem and Sam Boraie there. When Omar Boraie first moved to New Brunswick, the city looked like a war zone. There were vast areas of the city where the buildings were either abandoned, burnt out or both.
But Omar Boraie had seen parts of war-torn European cities come back to life with the work of innovative development. He started developing a vision of what New Brunswick could become. He created Boraie Development and through the company he bought, renovated and redeveloped a number of properties in downtown New Brunswick. One of his first projects was a commercial property on Albany Street near the heart of New Brunswick. He built the two-tower structure in 1985 and today it houses the headquarters of Boraie Development. It is the center of Omar Boraie’s real estate empire, states NJBiz.
According to Rutgers, when Omar Boraie first moved to New Brunswick, the city still bore the scars from the race riots that embroiled the city in 1968. That meant there were a lot of damaged buildings that were very affordable. With the help of his sons, Wasseem and Sam Boraie, Omar Boraie has been able to make his grand vision for downtown New Brunswick a realty. He has been able to develop both commercial and residential properties. One of his most impressive projects is a 25 story residential building with 120 gorgeous 1, 2, and 3 bedroom apartments replete with floor to ceiling windows and full balconies. The apartments cost between $350,000 and $500,000.
Omar Boraie and Boraie Development have completed a number of very impressive projects that have helped to revitalize several parts of New Brunswick. Working in conjunction with city leaders and other businesspeople, the dream he had for New Brunswick is taking shape. With Sam Boraie acting as company vice president and Wasseem Boraie also playing a major role, both Boraie Development and downtown New Brunswick are now much more valuable than when Omar Boraie began his work four decades ago. These days New Brunswick is now a vibrant community filled with thriving businesses and young urban professionals.
Omar Boraie is now an important New Brunswick community leader. He’s on the historic Brunswick State Theatre board of trustees and the nonprofit Elijah’s Promise advisory board. He’s also involved in numerous other projects in Newark, Atlantic City and elsewhere in New Jersey. And he continues to make valuable contributions to New Brunswick and other communities throughout New Jersey. At the same time, Boraie Development is building New York style high-end properties all over New Brunswick. It’s all part of the company’s urban investment and redevelopment strategy designed to meet the needs of New Brunswick’s diverse communities.