Although he was born in Egypt, Omar Boraie now resides and operates his business empire from New Brunswick, New Jersey. Omar is the proprietor and president of Boraie Development LLC, a real estate entity that primarily develops, manages, and re-develops residential, commercial, and industrial properties in the city and across the United States, see magazine.rutgers.edu. Being a family conglomerate, he is assisted in running the daily operations of the company by his two sons Hiam and Sam.
Even though Omar Boraie is an educated fellow with a PhD in Chemistry, his love for New Brunswick propelled him to venture into real estate development all to help grow the economy of the city. His business endeavours have all focused on providing efficient and quality services to his clients and only partners with sound individuals and companies to help realize his goals. He also ensures that the company’s property management teams inspect and approve all projects before releasing them to willing buyers and tenants.
According to Bloomberg, over the more than 30 years Boraie Development has been operational, the company has been part and parcel of various significant projects. Just recently, the firm oversaw the development and opening of the Aspire; a magnificent 17-story luxury apartment located a few meters to the New Brunswick train station. The landmark building was put-up solely for clients looking for class and luxury. It features exclusive features that include gourmet kitchens, designer finishes, oversized bathroom details and closets, hardwood floors in the living area, and frameless glass shower stalls in every master bedrooms. In addition to concierge services, each tenant has an option to choose units with terraces and balconies that offer a beautiful view to the Raritan River, the city, and Johnson Park.
Another historic project under Boraie Development’s portfolio is the Shaq Tower, named after Newark’s native and NBA Hall of Famer, Shaquille O’Neal. In its unveiling and opening, Shaquille was joined by politicians and most importantly all the stakeholders that were directly or indirectly involved in seeing his vision come true. They include members from the state and city council, Goldman Sachs Urban Investment Group, and the New Jersey Economic and Housing Development Department. Apart from the Shaq Tower, O’Neal also wants to invest $150 million into the development of a 35-story structure in McCarter highway. Having been born and brought up in Newark, Shaquille is eager to bring change and improve the real estate industry in the city.