New Brunswick, New Jersey is one of those cities that has defied the odds, says Yahoo.com. The state of New Jersey has always gotten a bad rap, but New Brunswick has managed to rise above the snide comments, as well as, the crime and poverty. Rutgers University and Johnson and Johnson have been the pillars of the small city, but men like real estate developer, Sam Boraie have kept the city moving in the right direction. Sam’s father, Omar Boraie, is one of the men that is responsible for turning downtown New Brunswick into a mecca for the healthcare industry.
Omar Boraie started buying old buildings in downtown New Brunswick in 1972. In the 1960s, most of the old residents of the city made an exodus to the suburbs. All that was left downtown was rundown turn-of-the-century buildings in disrepair. Boraie Development started buying some of the old buildings along Albany Street, and the company started a major renovation project. That project has lasted more than 40 years. Sam Boraie, and his brother Wasseem, and sister, Hiam, have been instrumental in continuing the work Omar started.
The first Boraie Development, the Albany Street Plaza One high-rise office building, was completed in the early 1980s. The One Spring Street residential building came next. The Boraie’s decided to build the Albany Street Plaza Two building because of the success of the first Albany Street building. Albany Street Plaza Two was completed in the early 2000s thanks to Sam Boraie and his siblings. The Aspire Building was the next big luxury residential project for Sam. The Aspire is a New York City condo-type building, and it offers the professionals in the healthcare industry, and other downtown business people a place to live.
Today as New York Times reveals, New Brunswick has a population of more than 55,000, but the city seems much bigger than the number of people living there. It’s a college town, but it is also the home of several big name companies in the healthcare and pharmaceutical industries. Sam Boraie was instrumental in attracting those companies to New Brunswick.
Sam Boraie is known for the work he does outside of the real estate development industry. Sam sits on the board of two established nonprofits, the New Brunswick State Theater, and Elijah’s Promise.
Sam is also involved in several other development projects in New Jersey. He teamed up with Shaq O’Neil and developed a luxury residential building in Newark, and he is currently involved in a major residential development project in Atlantic City.