Category: Apartments

Master Project by Omar Boraie for New Brunswick

 

Omar Boraie is a 73-year old investor who has interests in real estate property development and the president of Boraie Development. He is the founder of the firm and was an immigrant from Egypt and went to start a new life in New Brunswick. To his title is a scholar who has a Ph.D. in Chemistry. He decided to venture into real estate development in 1973 when he built a residential complex that exists up to date and is in continued use. Currently the real estate fund is undertaking a development project that is based in New Brunswick. The project is meant to serve opposite end of the profitable housing market because the housing units range from the crème and best with world class facilities to those that can be afforded by middle income earners. The two residential structures are underway being erected in areas that were forsaken by developers who have had differences with the locals.

He went against the odds to build the high-end residential apartments in New Brunswick, a town that was viewed as dying slowly because it lacked development projects. It is one of the earliest major towns that were developing in the late 19th century and early 20th century. Boraie is an entrepreneur who sees ahead of time by the fact that a new train line has been constructed linking the town directly to New York city, a great boost to him and his housing business as the train station is a few metres from the location of the buildings. Boraie development group built Albany Street Plaza Tower One bringing 250,000 square feet of world class residential services to the sleeping city. Another twin tower to Albany Street Plaza was built next to it. It has 25 stories and prides itself as being the tallest in New Brunswick. The residential building has 121 residential units, 10,000 square feet of space that is ideal for retail businesses, 40,000 square feet of space that can be used for office purposes together with ample parking spaces that are indoors. On the outside, there are spaces where resident can barbeque food, children play and have a spce for walking with their pets.

The buildings that are built like the condos of New York are brought a new touch to the city. The untapped skyline of New Brunswick was finally opened using trendsetting skyscrapers that offer a great view of the whole city while on top of the building. The residential units cost $2800 in rent per month.