A philanthropist and real estate developer, Sam Boraie is one of the Vice President’s for Boraie Development. As a leader in the firm’s business development, Sam Boraie plays a crucial role of reinventing the real estate market and communities of New Brunswick, Newark and Atlantic City. Within the past five years Sam Boraie and Boraie Development revitalized the community and attracted new businesses, apartments, retail stores and office spaces. Along with real estate development Sam Boraie actively participates in decreasing poverty in the New Brunswick area with charities like Elijah’s Promise.
In an article on PR NewsWire, the Aspire, a completed project from Boraie Development comprises 238 units near the New Brunswick Train Station includes luxury amenities and 10,000 square feet of retail space. Also near the New Brunswick Train Station is the Albany Street Plaza providing over 270,000 square feet of office and retail space. Comprising two towers the Albany Street Plaza generated two billion dollars in development for New Brunswick. Completed in 2007, One Spring Street includes 121 home residences in 25-stories with amenities that include a health club and swimming pool. Currently under construction in the New Brunswick area, The Rector will house residents within a 26-story building. Although Sam Boraie and Boraie Development primarily build in the New Brunswick area, other communities in the Atlantic City and Newark area are being developed under Boraie Development.
Partnered with basketball superstar Shaquille O’Neal, Boraie Development will add residential space to the Newark community. With an estimated investment of over $70 million dollar, Boraie Development focuses on adding a rental complex, movie theater and a new retail section. According to NY Times, after the economic downfall of Atlantic City, Sam Boraie works to renew landmarks such as The Revel Casino Hotel Tower. By rebuilding Atlantic City and Newark Sam Boraie gives communities affordable housing and enhances socialization and enjoyment among community members and families. A development project known as The Beach gives the community of Atlantic City 250 luxury residences comprising a swimming pool, workout facility and lounge. Equipped with luxury amenities, The Beach also offers a 400-space parking garage, retail shops, a grocery store and restaurants for building residents and members in the community.
Apart from operating development projects through Boraie Development Sam Boraie devotes himself to charity organizations in the New Brunswick area. As an Advisory Board Member of Elijah’s Promise Same Boraie works to decrease poverty in New Brunswick. The organization not only provides non-profit meals for the New Brunswick community, but works to lower poverty by providing access to fresh food. To further decrease poverty Elijah’s Promise also offers employment training in the culinary arts and baking. Sam Boraie is also involved in The State Theatre New Jersey as a Board of Trustees, https://www.statetheatrenj.org/board-of-trustees. As the second largest non-profit charity in New Jersey, the theater hosts a variety of music and family events for the community to attend. In the summer of 2017, Boraie Development is sponsoring free film screenings for children at the theater during the weekdays.