Omar Boraie is 73-years-old but you couldn’t tell that by his energy. He is the president of Boraie Development, LLC, the leading urban real estate company in New Jersey. He remembers all the nonbelievers and people that called him crazy since he decided he wanted to revive New Brunswick just as he saw Europe revived after the devastation of the World War II when he traveled there from Egypt. In those days, New Brunswick resembled more like a ghost town than the modern city that he now sees from his eight-floor office on Albany Street. That building was his first big project in New Brunswick.
According to Rutgers, when he purchased 21 dilapidated buildings in the area, many thought he was crazy. But he still did it. The structure, Albany Street Plaza Tower One, fetched New Brunswick a much-needed Class A office building, during the 1980s and ’90s. Tower Two was completed in 2003.
He did not stop there. The city now needed top-notch residential units for the people now working in his elite towers, so Omar Boraie started another amazing project: One Spring Street Condominium, a building in the style of SoHo and Upper East Side in New York. Twenty-five floors, 121 apartments, 40,000 square feet for offices, 10,000 square feet for retail, and an outdoor space for leisure.
And again: tons of skeptics. And, again, Omar had the last laugh. The complex sold out in two months. People started believing in his vision. He cites lots of other people and organizations that collaborated: John Lynch, the New Brunswick Development Corporation, Harvey Holzberg, John Heldrich, Rutgers University, Mayor James Cahill, the New Brunswick Tomorrow, David Crabiel, and countless others. Check out Central Jersey Working Moms to see more.
It may have taken nearly a decade, but the combination of great people in a quality living and working area, has helped make his dreams of building downtown New Brunswick, a reality.