Boraie Development is a New Jersey-based real estate development firm. Headed by Omar Boraie, the firm is one of the premier development companies in the northeastern United States. Over the last five years, the firm has channeled a significant amount of its efforts in the area. They have spearheaded the development of outstanding properties in the city of New Brunswick. See, https://local.yahoo.com/info-11014537-boraie-realty-new-brunswick.
Their efforts are noticeable as their multi-use facilities have attracted new residents as well as small businesses. Boraie Development has also played an integral part in the revitalization of Atlantic City by rousing a boom in real estate development. This has expressly aided in the recovery of the city from the economic downturn.
Boraie Development’s Plan for New Brunswick
Sam Boraie says that his company has completed numerous projects that mark the beginning of its long-term goal of transforming the city of New Brunswick. Some of the projects that the company has completed include The Aspire (a 238-unit high-rise near the New Brunswick Train Station), One Spring Street (a 25-story, mixed used space of 400,000 sq ft), The Beach at South Inlet (features 250 residential units), and Albany St. Plaza (features 250,000 sq ft of office space and 20,000 sq ft of retail space).
According to the NY Times, other projects that the company is currently working on include The Rector (a 26-story building with residential units), and The Estates at Waverly Place (this project will result in seven custom homes). Mr. Boraie asserts these projects will transform New Brunswick into a major economic hub.
Since these projects are huge and require substantial financing, the company has partnered with different investors (both individual and institutional) to speed up their implementation. Thanks to the company’s huge campaign, new investors have shown interest in their long-term plan to make New Brunswick an economic hub. According to Rutgers Magazine, Shaquille O’Neal (a former NBA star) was the first to respond to the campaign.
Besides dedicating most of his efforts to their family business, Boraie has also dedicated his life to supporting charitable initiatives. A good example of his outside beneficiary is the State Theatre New Jersey where he is a trustee.
The State Theatre puts on several yearly productions in different cities in New Jersey. For this to be successful, they rely heavily on charitable aids, most of the time this aid comes from the Boraie Development Company or the Boraie family. Sam is also involved with Elijah’s Promise, a charitable institution that strives to discontinue the poverty cycle in communities in New Jersey.
Elijah’s Promise aims at terminating hunger, creating businesses that stimulate social prosperity, providing healthy and hygienic foods, and empowering the locals to get stable and sustainable employment opportunities.