Category Archives: Business Tycoon

Omar Boraie’s Role in Transforming New Brunswick and New Jersey at Large

Omar Boraie is a top-notch real estate developer, a philanthropist, and a scholar of chemistry. A native of Egypt, Omar spent several years of his youth in Europe before moving to New Brunswick in New Jersey in the early 1970s. He arrived at a time when the town was in bad shape, and he decided to rebuild it. Omar established a real estate firm, Boraie Development, which has been transforming New Brunswick and its surroundings gradually. Today, the company has developed and is still developing modern condos and residential estates in the area.

Recent Projects in New Jersey

Boraie Development has largely contributed to the transformation of New Jersey. In a recent report by NJ Biz, the firm completed the construction of a residential building along One Rector Street in Newark, New Jersey. The 23-story building has close to 170 residential units and a retail space of not less than 8,000 sq. feet. Built in the heart of Newark, next to the New Jersey Performing Arts Center, the building is valued at $65 million. Boraie Development also recently developed luxury residential apartment at The Beach of South Inlet. The apartments have more than 200 units and are located a stone throw away from the Boardwalk and Ocean. At Montgomery, New Jersey, the company is developing residential homes a few kilometers away from Downtown Princeton, Shopping, and Transit.

The Aspire

The Aspire, another recent project by Boraie Development, opened its doors for leasing in June 2015. The building is a mixture of modern technology and architectural sophistication and is located strategically for convenience. The New Brunswick train station and Rutgers University’s Downtown-City Center are all within walking distance from The Aspire. The building has one-bedroom and two bedroom designer apartments going for $1,800 and $2,700 per month respectively. On top of that, it has a238 studio apartments each going for $1,650 per month.

Philanthropy

Besides shining in the real estate industry, Omar Boraie is also a star in the field of philanthropy and non-profit, http://patch.com/new-jersey/newbrunswick/omar-boraie-chair-genomic-science-established-rutgers-cancer-institute. As an advisory board member and a major donor of Elijah’s Promise, he has significantly impacted on the lives of the poor folk in New Brunswick and New Jersey at large. Elijah’s Promise raises funds to feed the hungry through a soup kitchen and a culinary school.