Sam Boraie is the Vice President in the company his father built, Boraie Development. Boraie Development, based in New Brunswick, New Jersey, is a prominent real estate development and management firm. The company specializes in revitalizing downtown areas by buying rundown properties and revamping them into luxury residential, office, and commercial spaces.
One of Sam Boraie’s passions in in philanthropy. In addition to other charitable work he is deeply involved with the historical State Theater in New Brunswick and serves on their Board of Trustees. In the summer they put on free summer movie series for the community. The theater puts on a number of family friendly shows such as Frozen and other Disney movies so that children and their parents can have a great night out together at no expense.
Recently Mr. Boraie, Boraie Development, and retired basketball player Shaquille O’Neal teamed up to put in the first multi-use tower in Shaquille’s hometown of Newark, New Jersey in over 50 years. This structure has brought in a desperately needed new theater and retail space. The housing in this tower are market-rate rent which is a boon to the community of Newark as affordable housing was desperately needed in the area.
An important part of Boraie Development’s strategy is not only revamping blighted urban areas replacing older, unmaintained structures with new high quality buildings but also managing the property after it is completed. This allows the company to maintain the property to their standards and handle all of the marketing, maintenance, leasing, customer service, and accounting on their own.
Through his work as the Vice President of Boraie Development Sam Boraie has been an asset in bringing need revitalizing projects to urban areas. While they have generally focused on New Brunswick they have now started branching out their activities to new areas such as the already mentioned Newark as well as Atlantic City. Each of these cities features areas that have become dilapidated over the last number of decades and really need firms such as Boraie Development to come in and help the community in creating a better place to live.