Omar Boraie is the Egyptian-American entrepreneur that had lead the development of properties in otherwise depressed parts of New Jersey. His development projects have been under his own family owned corporation, Boraie Development. Sam Boraie has taken up a high ranking in Omar’s company and is now Vice President.
Boraie development has mastered the fields of real estate marketing, property development, property management and sales. Their development projects primarily consist of apartment complexes and office spaces. Many of their projects have been recognized in national and local news.
Erected in 2007, One Spring Street is a example of architectural wonder. This building is 25 floors in height with 121 private residences. Residents that pay their fees are entitled to concierge service, a gymnasium, swimming pool access and access to the deck on the roof. The original constructors of the World Trade Center, Tishman construction, had worked on this building, in a report by NJBiz.
One Rector Street is one of the few high rise building brought to the town of Newark, New Jersey. The company has invested over $65 million into building this 23 level tower. They are currently renting out 169 unites at competitive rates.
Albany Street Plaza is a pair of commercial buildings in New Brunswick, New Jersey. The first tower was made in 1998 and the second in 2004. The buildings have over 200,00 feet in offices and 20,000 feet in retail stores. These buildings have spurred a lot of new commercial activity in the area.
The Milltown Ford Avenue Redevelopment is a small community of 324 homes in Milltown. The community is centralized in the town and has access to retail and grocery store. The project was designed to reignite the town’s develop industry since it had been decades since any significant construction projects.
Boraie Development really gained popularity when the world discovered that they had collaborated with Shaq to build rental properties. The government of Newark had even pitched $2 million to Shaq and Boraie’s One Riverview building. One Riverview is high-rise condominium complex designed with luxury in mind. Urban Transit Hub and Goldman Sachs have made a significant proportion of Shaq’s project.
CITYPLEX 12 was another project that Shaq started. This is one of the few privately owned theaters developed in the city. This theatre has 12 Screens with both 3D and digital screens.
The company has plans to bring a 250-unit apartment building to Atlantic City. The city has a increasing need for accommodation for small families and couples. The company plans on building residences near the Revel Casino Hotel Tower.
The Aspire is a massive tower brought to New Brunswick, New Jersey. Their 238 residential units sit at an ideal location near the New Brunswick Train Station. The residents have access to store, fitness centers, private parking and other luxury amenities.
In collaboration with the Rutgers Cancer Institute of New Jersey, Omar Boraie has established the Omar Boraie Chair in Genomic Science. http://patch.com/new-jersey/newbrunswick/omar-boraie-chair-genomic-science-established-rutgers-cancer-institute He had even pledged $1.5 million pledge of his own money towards educational efforts in Genomic Science. Genomic science is a radical new field of medicine that is breaking barriers in cancer treatment methods.
You can visit his Crunchbase profile.