Omar Boraie’s Urban Revitalization In New Jersey

In the 1970’s New Brunswick was a blighted city that real estate developers ignored, however, Omar Boraie saw potential in the city that once was a thriving urban community. Boraie Development built Albany Street Plaza Towers I and II in Downtown New Brunswick, followed by The Aspire, a luxury residential high rise building in the heart of the city. With The Aspire bringing in young urban professionals who desire a full service apartment near the New Brunswick train station, Boraie Development’s buildings are helping to revitalize New Brunswick.

Boraie Development, founded by Omar Boraie, is taking New Brunswick’s derelict looking lots and distressed areas and redeveloping them; Boraie can look out of the window from his company’s New Brunswick headquarters and see the buildings that represent his long-term interest in the city.

A philanthropist at heart, Boraie donated $1.5 million toward the Omar Boraie Chair in Genomic Science at the Rutgers Cancer Institute. Patch.com quoted Boraie as saying “My goal in life is to see New Brunswick be the center of research and development, and the Rutgers Cancer Institute to be the largest in the U.S.A.”

Boraie also serves on the advisory board of New Brunswick’s Elijah’s Promise, which operates a soup kitchen and trains unskilled workers in the culinary arts. The organization operates a community garden in New Brunswick as well, with raised beds that they rent for a small annual fee.

Omar Boraie does not limit his development projects to New Brunswick; in a report by NJ Biz, he is developing property in Newark and Atlantic City as well where Boraie Development is building new housing in a barren stretch of the city.

https://www.crunchbase.com/person/omar-boraie#/entity