The New England House
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Written by on April 11, 2017
When Omar Boraie arrived at New Brunswick in New Jersey from Egypt in 1972, he set off on a mission to rebuild and transform the city. At the time, Omar’s mission seemed way too ambitious to the point of some pessimists laughing it off. The then young chemistry scholar had spent time in Europe where he witnessed many dilapidated buildings rebuilt and their lost glory reclaimed. Thus, Omar was convinced beyond any reasonable doubt that his mission was viable. It is at that time that he established Boraie Development, LLC, a real estate company that he was later to use as a vessel to transform New Brunswick City, more details can be found on crunchbase.
How it All Started
At the time Omar Boraie was getting down to work, Albany Street in New Brunswick had more than 20 ramshackle buildings. He purchased all of them and began renovating them one after the other. Among his pioneer projects was the Albany Street Plaza Tower One, which had approximately 250, 000 sq. ft. office space. Phase two of the building, Tower Two, was completed in the early 2000s. The building hosts Boraie’s office up to today. Omar’s other major project was the One Spring Street building, a 25 stories residential and commercial condominium. The condo had more than 120 residential units and 50,000 sq. ft. of retail and office space. The condo is the tallest building in the city till now.
For the last 45 years, Boraie Development, LLC has been erecting condos in New Brunswick one after the other. The firm completed The Aspire, a luxury residential and commercial condo along Somerset Street, in 2015. The condo has close to 250 residential units, an ample parking space, and retail space in excess of 10,000 sq. ft.
According to patch, as an Advisory Board member and a leading charitable partner of Elijah’s Promise, Omar Boraie is a key decision and policy maker for the charity organization. The organization has been feeding hundreds of thousands of underprivileged residents of New Jersey. Last year, Boraie Development donated $5,000 in support of Elijah Promise’s Chef’s Night annual fundraiser. Funds collected in this event take care of close to a quarter of the organization’s budget.
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