Boraie Development Eyes New Development Opportunities in Atlantic City

Many people who follow the news have probably heard about the decline of Atlantic City. The New Jersey urban center is largely known for being a hub for consumers and tourists who want to be close to the coast of the Northeastern state while indulging in games of chance. For years Atlantic City has drawn visitors from across the United States and the world who have been interested in experiencing the thrill and glamour of the casinos that populated the city. However the casino business is no longer the booming industry that it once was and this has left the community of Atlantic City in somewhat dire economic straits. Fortunately however games of chance and gambling are not the only tools that can further the economic development and revitalization of Atlantic City. There are business people from other industries in the state who are looking to transform Atlantic City and who see the longtime tourist destination as a hub for business opportunities.

One of those business people is Omar Boraie. Omar Boraie is a businessman who is the founder of the New Jersey real estate development firm that is known as Boraie development. Omar Boraie started his professional career by pursuing a degree in science that eventually led him to come and study at Rutgers University in New Jersey. However according to a report when Omar became involved in the process of buying a house he came to appreciate the real estate industry and observed that there was a need for real estate development in New Brunswick, New Jersey. His company Boraie Development was able to help transform his adopted city into a sophisticated and developed urban center.

Today Omar’s children are helping him to lead his company into the future by implementing his vision for breathing new life into struggling residential areas. Just as Boraie Development helped to transform New Brunswick in the 1970s it is now helping to bring change to Atlantic City as it grapples with the loss of the casino industry. Today Omar Boraie‚Äôs son Waseem who serves as the vice president of his company is helping to oversee a new residential real estate development project in Atlantic City. Check out their website boraie.com

The project is an $81 million dollar apartment project that will have 250 units. According to reports stakeholders in the project such as the mayor hope that the new apartments will solve the city’s problem with providing new housing. Much of the existing housing in Atlantic City is currently decades old.

Read more: http://magazine.rutgers.edu/insights/seeing-the-future

How Omar Boraie Changed the Face of New Brunswick

Boraie Development LLC is a leading real estate development company based in New Brunswick, NJ. The company specializes in urban development projects, which indeed have transformed and shaped the city. The company was founded by Omar Boraie who is today proud of various developments the company has initiated in New Brunswick and the state of New Jersey. When he founded the company, his plan was to rebuild New Brunswick the way he witnessed some cities in Europe when he was traveling as a scholar. Omar worked in Europe as a scholar of chemistry.

According to Omar Boraie, when he started the real estate business in 1972, streets in New Brunswick would be deserted by 4 p.m. Many residents did not believe Mr. Omar was serious when he developed high rise condos and offices in downtown New Brunswick. In the reports published on Central Jersey Working Moms, the first major project initiated by Boraie Development, The Albany Street Plaza Tower One covered an area of 250,000sqft. This building provided city dwellers with properly designed offices that were in high demand.

As an experienced real estate developer, Mr. Boraie noted it was important to develop quality residential apartments in New Brunswick similar to those in New York, reveals yahoo. They developed Spring Street Condominium Building, a 25 story apartment with 121 units, commercial and office space and parking garage. This project was completed in 2007. Boraie decided to attract another market niche by constructing luxury buildings. He targeted young professionals like lawyers, teachers, doctors, policemen, nurses and business professionals.

Boraie developed The Aspire to serve the needs of younger generation of tenants looking for style and convenience. According to WSJ, the Aspire was strategically located with easy access to entertainment, restaurants and night life. Boraie Development has continued to come up with quality condos, office buildings in major cities like Newark, Atlantic and New Brunswick. Reference: http://www.hoovers.com/company-information/cs/company-profile.boraie_development_llc.dfacb2a0e04c915a.html.

About Boraie Development LLC

Boraie Development focus on various sectors of real estate market within the urban setup. It engages in property development, management as well as sales and marketing. The team of professionals at the company is committed to ensure quality properties are developed while at the same time providing exceptional services to their clients. Boraie Development has always been committed to working with the best architects, contractors and lenders who work hard to ensure the projects are completed on time. The company played critical role of transforming New Brunswick City to what it is today.

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