Many urban areas across the country were hit hard by the economic downturn that started in 2008. New Brunswick, New Jersey was certainly no exception to this. While it has taken time, this city has been steadily recovering over the past several years. Boraie Development is a company that has been at the forefront of the revitalization of New Brunswick and a few other cities in New Jersey. As a vice president of this real estate development and property Management Company, Sam Boraie has been instrumental in breathing new life into this city, which can be found on NY Times.
Sam is the son of Omar Boraie. Omar was born in Egypt where he studied chemistry. Soon after arriving in the United States in the early 1970s, he entered the real estate development business. At that time, the New Brunswick skyline looked nothing like it does today. While Omar was working to build up the local area through Boraie Development, Sam entered the family business and has distinguished himself in this field. You can also check his Crunchbase profile to learn more.
Boraie Development has built several projects in New Brunswick that stand out from the crowd. One of these is known as One Rector Street. http://www.prnewswire.com/news-releases/boraie-development-llc-opens-leasing-center-in-new-brunswick-new-jersey-300176946.html Situated next to the New Jersey Performing Arts Center, this 23-story tower is the first high-rise built in this city since 1960. The development known as the Albany Street Plaza consists of two adjacent towers. The first of these was completed in 1988 and the second in 2004. Conveniently located near the New Brunswick Train Station, this development offers a combination of office and retail space. The Aspire is a building that combines 238 residential units with 10,000 square feet of retail space. It offers residents cutting-edge amenities while also putting them within easy reach of dining, shopping and nightlife.
Not content to build up New Brunswick through real estate development alone, Sam Boraie also believes in giving back to his community through the arts. He sits on the board of trustees of the historic State Theater in New Brunswick. https://local.yahoo.com/info-11014537-boraie-realty-new-brunswick This Theater has seating for 1,800 people and puts on performances having to do with Broadway, concerts, comedy, dance, family events, orchestras and more. Sam understands that the arts are an important part of culture and that they enrich the lives of others and contribute to building up the community in New Brunswick.
Not content to rest on past accomplishments, Sam, through Boraie Development, is marching forward with new developments in other cities and towns as well. The Milltown Ford Avenue Redevelopment is a 324 unit townhome and condominium project that is expected to bring new life to downtown Milltown. Boraie Development has also worked with Goldman Sachs Urban Investment Group and Shaquille O’Neal to create Cityplex 12 in Newark. It represents the first urban movie theater concept created from purely private ownership. It is a cutting-edge theater with 12 screens that include 3-D and digital capability. Through his contributions in business and the arts, Sam Boraie is doing his part to give back to the state and country that welcomed his father to it’s shores just a few decades ago. More from Sam, check out his Bloomberg bio.