Boraie Development LLC: Redefining Property Development in Real Estate

Boraie Development LLC properties

Boraie Development Company is a real estate development enterprise that deals in the development of properties in urban areas. Boraie Company is located in New Jersey. Over the years, Boraie LLC developed properties in towns and cities like Atlanta and New York City. The success and accomplishment of this company are as a result of Omar Boraie vision of developing properties in New Brunswick. He wanted to develop properties in the town and transform New Brunswick into an urban city with a vibrant economy.

In 1990, Boraie LLC finished developing the first property. This property was on tower plaza on Albany Street in downtown New York. It housed office buildings and was over 250,000 square feet. Upon completion, many enterprises leased the office space in the building. The building was a huge accomplishment for Omar Boraie who had envisioned a vibrant economy in New York.

Later on, Boraie LLC went forth to build residential properties due to insufficient residential properties. Omar Boraie wanted to develop high quality new residential properties thus leading to the development of the Spring Street Condominium Building, a 25 story building completed in 2007. It has office space, garage parking, and 121 units for leasing. Check out Bloomberg to know more.

The vibrant economy and the emergence of many business enterprises in New Brunswick resulted in the demand for luxurious houses. The market provided an opportunity for Omar Boraie who oversaw the construction of the Aspire building. The building is a high-end property consisting of luxurious condos and apartments. These condos cater for young residents who seek convenience and style. The building consisted of restaurants, clubs, and cinema halls beside the apartments.

Omar Boraie

Omar Boraie is the current president and founder of the Boraie LLC. He is an immigrant from Egypt who came to the United States of America to further his studies. Upon finishing his studies, he ventured into real estate. His rise to prominence was as a result of commitment and discipline.

Before his success, the real estate sector in Albany was docile. He purchased land and went forth to develop the tower plaza. The plaza opened in 1988 and by 1990; the Tower Plaza On started the business. Currently, he has developed many high-end properties in the main cities like Newark, Atlanta, and New York. He runs the business with his son who is the vice president of the company.

REFERENCE: http://centraljerseyworkingmoms.com/category/boraie-development.

See more: http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html

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