Omar Boraie has been involved in the real estate industry for over 40 years, reveals NJBiz.com. He is the founder of Boraie Development LLC which is based in New Brunswick, New Jersey. He started out with a desire to rebuild New Brunswick, which when he started out developing properties was a city had seen its better days. His work has led to a revitalization of downtown New Brunswick (https://local.yahoo.com/info-11014537-boraie-realty-new-brunswick) which has brought in a great many new businesses and residents.
Omar Boraie has said on Bloomberg.com that when he launched his company in 1972 you couldn’t be outside after 4 in the afternoon due to everyone else having left the city. The building that he has his offices in was the first building that he built in order to address this issue. Just on his block alone at the time there were 21 properties that were vacant and falling down; his goal was to replace them all. He purchased all of these properties and has since completely redeveloped the area.
The first building, Albany Street Plaza Tower One, was joined by Tower Two in 2003. Both buildings contain much-needed office space. He has also built residential units nearby, including a building called One Spring Street Condominium. This building, which is the tallest in the city, as 121 residential units as well as office space and retail on the lower levels, along with a 400-space parking garage.
Omar Boraie has helped the community in a number of other ways as well, as he has philanthropically given back to the community. He is on the Advisory Board for Elijah’s Promise, a charity that gives food to low-income people and the homeless. Omar also supports Elijah’s Promise’s mission to teach people the skills they need in order to gain jobs at area restaurants.
Another nonprofit that Omar Boraie supports with his money, time, and expertise is the State Theater of New Brunswick. He financially supports the State Theater’s free summer movie program. Throughout the summer, the State Theater shows family-friendly movies for free including such popular movies as Frozen, Monster University, Babe, and E.T. The Extra Terrestrial.