Omar Boraie has been building a real estate empire over the last 20 years that began life in New Brunswick, New Jersey and has taken in Jersey City and Hoboken. From office and retail spaces to luxury residential tower blocks, Boraie Developments has been working towards opening its first tower block in Newark since 2006. 2019 finally saw the opening of the 170-unit 50 Rector Park location that has been more than a decade in the making. Omar Boraie has been praised by many members of the political class of New Jersey, including Leslie Anderson, the CEO of the New Jersey Regeneration Authority. Anderson stated the job of tackling regenerating any area of New Jersey is not one that should be tackled blindly but can include a range of benefits for the developer and the community.
Omar Boraie has never been shy about his ambitions to bring his Boraie Developments brand to Newark and has been working to achieve his dream with his sons, Wasseem and Sam since 2006. Achieving his dream of building a residential tower block in Newark is not the end of the story for Omar Boraie and his sons. Instead, he has continued to work with the staff of Mayor Ras Baraka to push forward even more plans for future developments across the city of Newark. The next will push to dwarf the current landmarks of the city with the 400 units of the planned 777 McCarter development that will extend the amount of luxury living space in the city to epic proportions.