Omar Boraie: the Visionary Investor Who Brought Out the Potential in New Brunswick

When Omar Boraie arrived in New Brunswick about 40 years ago, he found a sleeping town- an underdeveloped and dull. In fact, Boraie admits that he thought that the city was just pathetic. He says that the town was in such a pathetic condition that no activities went on past four in the evening. According to him, the city was dull that it was hard to see anyone strolling around the city after 4.00 P.M.

The Transformational Journey

But unlike those who lived in New Brunswick before him, Omar Boraie so lots of underutilized potential in the city. He had spent time in Europe and had experienced firsthand cities being renovated. Omar Boraie was convinced that just like in those European cities, it was possible to rebuild New Brunswick and regain its lost glory. Since no one seemed to share the same belief as him, he took it upon himself to do the job. The immediate challenge that Omar encountered had to deal with the many doubters who were out to discourage him. He soldiered on all the same.

Commercial Appartments

The pursuit of his dream started with the establishment of Boraie Development, LLC. With the company in place, it was time to set the machinery rolling. He started by acquiring 21 crumbling buildings that all stood on one block and then invested in rebuilding them. Through Boraie Development, Omar started building the first major commercial apartment in the 80s and named it Tower One. The apartment was completed in the 90s. He was later to build Tower Two in 2003, right next to Tower One. Forty years later, now in his old age, Omar Boraie has his office on the eighth floor of one of those buildings.

Residential Apartments

According to Rutgers, Omar Boraie knew that the city would not be revived without a modern residential apartment. He, therefore, led his company in building a 25-story residential apartment, which turned out to be the tallest construction in the city at the time. The apartment had more than 120 housing units, an ample parking space, and several office units. The city was now taking shape. Visit Crunchbase to know more.

Despite having accomplished most of his dreams, Omar is not toning down on his transformational agenda. He recently led his company in developing The Aspire. The Aspire is a 17-story residential apartment, sitting at the heart of New Brunswick

More about Boraie Development

Boraie Development, LLC partners with financial institutions in funding its projects. The company is in the advanced stages of laying the ground for the construction of yet another commercial condo along Albany Street. The project will start within a year or so.

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