Omar Boraie Development has been a name to reckon with in the real estate market since its inception back in the year 1972. The company’s sole focus has been providing patrons with high-end constructions since 4 decades. The group offers a range of real estate solutions in areas of the urban real estate market with services like property management, sales and marketing and real estate development.
Boraie Development was founded by Omar Boraie, an immigrant from Egypt who came to New Brunswick for higher studies. Aiming for a Ph.D. in chemistry, he ended up realizing the potential of the real estate market and started out a venture of his own. The now 76-year old president and patriarch of the Omar Boraie group had ambitions of revamping the town of New Brunswick with the same beauty as the towns of Europe he had once visited. Stating the challenges of starting a real estate development group at that time was a serious challenge as no one wanted to stay in the city and people were leaving the town for new opportunities. Today, the town has become the envy of other cities in the states with growth and opportunities bustling up in the city like never before.
The building of Albany Street Plaza in New Brunswick bought the city a much needed Class A office space on njspotlight.com. The place was built with two towers in a 2,50,000 square feet during early 90’s which was completed by the addition of the extra tower by 2003. The project was a huge success and replicating the tremendous response from the project, Omar Boraie group came up with a residential township to bring the culture of New York’s One Spring Street Condominium. The result was the creation of a 25 storied, 121 residential units, 40,000 square feet office space, 10,000 square feet of retail space finished along with a 400 space parking garage and outdoor space for the patrons. The township boasts of being the tallest building in New Brunswick. Taking its creative model to the city of New Jersey, The Aspire is another great creation of Omar Boraie Group, boasting a 17 story, 3,70,000 square foot building with 238 residential units, 10,000 square feet of retail space and four-story parking space. The Aspire is a one of its kind luxury accommodation that has been instrumental in bringing forth a different segment of the population in the city of New Brunswick.
Waseem Boraie, the Executive Vice President of the Boraie group has further plans of extension that spans to New York and further development plans in the city of New Jersey and New Brunswick.