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Omar Boraie is an American entrepreneur who emigrated from Egypt about 40 years ago. He is currently based in New Brunswick and owns a successful real estate development enterprise. Boraie graduated with a Ph.D. in chemistry from a European university. His stay in Europe motivated him to venture into the real estate industry since he saw how the region had developed.
Sam Boraie started investing in the real estate business in 1975, and the industry was not performing well during this time. He, however, saw an opportunity and began buying land that he used in constructing various renowned structures. The entrepreneur launched the Albany Street Plaza Towe One in 1988, and the building has top-notch office spaces. He completed Albany Street Plaza Tower Two in 2007 and later developed the One Spring Street condominium.
The One Spring Street condominium is a modern residential building that has about 120 apartments. The housing units have different sizes, which include one, two or three bedrooms. All the houses also have floor-to-ceiling windows and spacious balconies. Most of the apartments in the building have two bedrooms, and they cost between $400,000 and $500,000. Omar’ real estate Company is called Boraie Development. The firm has been purchasing plots and buildings that are underutilized, and it transforms them into state-of-the-art residential and commercial properties.
Omar has been working with his son in the real estate development projects. He acts as the vice president of the Boraie Development and has been using innovative techniques to transform ugly demolition sites into decent buildings. The land that surrounds the Richard Stockon College look looked like a dump site when it was acquired by the company from Showboat Atlantic City. Wasseem Boraie strived to redevelop condos that were on the property within a short time, and they were sold to clients who need modern residential places. He also headed the renovation of the students’ hostels to accommodate up to 400 students. More details can be found on Crunchbase.
Apart from being a successful businessman, Omar Boraie is a skilled genomic scientist. His venture in the real estate industry has been successful since he has managed to transform many buildings that were perceived as worthless into modern residential and commercial properties. Boraie inspired one of his sons, Wasseem Boraie, to join the industry and he has been displaying high levels of innovation. The entrepreneur is charismatic, and this has enabled him to create connections with many people in the business world. Visit Central Jersey Working Moms for more info.