In the late 20th century, New Brunswick had been an affected by a lot of issues causing the property value in the area to go down, this had been a major problem across the country on Manta, but it had a greater impact in New Brunswick. Some of the factors that contribute to a decrease in property value included rising numbers of immigrants, this made most companies shift their business from the area on Yahoo, and the property value went down. In the year 1975, Johnson & Johnson chose to remain in the area. The move renewed the investor’s confidence to make investments in the area, and this led to the growth and development of the area.
Since Johnson & Johnson, decided not to leave the area, more and more real estates have been started Boraie Development being one of them. Boraie was founded by an Egyptian immigrant who came to the country as a student. Omar Boraie is the name behind Boraie Development LLC. Omar decided to investment in real estate and did away with his career after realizing that it was the booming business of the era. He built an apartment in the region, and this exposed him to the real estate business, which he handles until date. Today, Boraie collaborates with his two sons to run the company on boraierealty.com.
In 1985, Boraie decided to build a two-tower commercial building. The move was a gamble and what motivated him to go ahead with the project, was the presence of the Johnson & Johnson in the area. The building was constructed at 120 Albany Street. Later the project turned out to be a success. After seeing the success of the project, Boraie felt more urge to make investments in the real estate industry, and this has brought great success to him. His company has grown and currently it is handling mega projects in the region.
One of the projects Boraie Development LLC. is working for a house that will contain 120 one, two and three bedroom apartment. The building will be located in the One Spring Street, according to Waseem Boraie, one of Omar Boraie sons. The two and three bedroom apartment price will range from $300,000 to $400,000. The building is expected to have a glass-enclosed pool, 425 parking spaces and a fitness center among others interesting features. Boraie Development LLC. has been a success since it started operation 40 years ago. Omar Boraie has been playing a vital role to ensure that every decision made will contribute to the growth of the company rather than losses.