How Boraie Development Helped To Transform A New Jersey City
Cities and towns are like people. Just as human beings progress through the various of development such as birth and adolescence, so too do cities have their various stages of growth and stability. There are times when cities are dealing with the excitement of expansion, economic development and population growth and there are also times when cities can find themselves stalling. One might say that the city of New Brunswick, New Jersey was in a stage in its overall trajectory during the 1970s. According to a local magazine that is known as NJ Spotlight New Brunswick was dealing with some issues that were serving as barriers to its potential growth such as a decrease in the value of the real estate that was located in the city at the time as well as the issue of being overlooked. One of the things that helped to turn things around for the city of New Brunswick, New Jersey was the fact that the global company Johnson and Johnson decided to continue operating an office there. Ever since then, as the magazine NJ Spotlight notes, New Brunswick has begun to make steady if sluggish progress towards revitalization. One of the drivers of that revitalization has been local business Boraie Development LLC which is owned by the New Jersey real estate mogul Omar Boraie.
When Sam Boraie first arrived in New Jersey he saw the issues that were plaguing the local real estate market firsthand. In an interview with NJBiz Omar Boraie noted that there were dozens of properties that had been abandoned and that had fallen into disrepair on a single block. To that end Boraie, who had at one time been pursuing a career as a scientist, decided to purchase the neglected properties. Omar Boraie’s efforts to revitalize old abandoned properties and to turn them into buildings that were sought after by potential commercial and residential renters ended up paying off. He and his company were behind some early development projects that resulted in sophisticated office buildings such as Tower One.
According to Central Jersey Working Moms, Boraie would go on to develop other properties such as Tower Two during the early aughts and the luxurious condos on One Spring Street that were in high demand. More recently Omar’s company Boraie Development, LLC has also been involved in projects that go beyond the scope of real estate and fall into the realm of community engagement. According to New Jersey Stage Boraie Development, LLC co-sponsored a summer movie series during 2016 at the State Theatre. Boraie Development’s support of the State Theatre’s Summer Movie Series made it possible for the State Theatre offer admission to screenings of popular movies to the community for free. For more details visit Central Jersey Working Moms.