Omar Boraie is a New Brunswick-based real estate developer and the president of Boraie Development LLC. Boraie Development LLC is a real estate firm that deals with the development of real estate, management of property, besides sales and marketing. As a resident of New Brunswick, Omar Boraie has played a pivotal role in the city’s developments and looks forward to constructing more properties in the future. The town is home to Rutgers University and serves as the Center of Middlesex County on about.me. However, it has been facing challenges of increased immigrant populations, devaluation of properties and relative neglect.
However, when Johnson & Johnson decided to remain in the city, major investors, among them Boraie, were motivated to invest in the town. Omar Boraie bought neglected parcels along Albany Street and established Albany Street Plaza Tower one, a facility that has modern office spaces. In 2003, he put up another Albany Street Plaza. In 2007, he developed One Spring Street condominium to house professionals who worked in his two towers. In the future, Boraie plans to target technology and biological science industries. He intends to put up a third commercial site, which will be close to the train station where he can host firms that will benefit from the close distance to Rutgers.
In 2015, Omar established the Omar Boraie Chair in Genomic Science to support research activities in Rutgers Cancer Institute. The Omar Boraie Chair was among the 18 Chair Challenge campaign where Omar Boraie pledged to donate $1.5 million. According to the chair challenge, an anonymous donor is to give $1.5 million to match each of the 18 new chairs. The director of the Rutgers Cancer Institute applauded Boraie for his support to the health sector of the town. He said that his support would have a long-term impact on not only the facility but also on the patients within the city and beyond.
Through his company, Boraie Development LLC, Omar supports several projects in the community. Omar and his partner, Shaquille O’Neal, donated at least $25,000 to support a Boys & Girls Club that had closed due to pending debt of $150,000. The club had been given two weeks to pay the debt before opening for a limited summer on NYTimes. However, Boraie, through Boraie Development, and his partner came to their rescue. The two partners have also offered financial support to the Newark Boys & Girls Club. Boraie intends to make more contributions in future to ensure that the facility runs smoothly.