The New Brunswick State Theater is a magnificent old theater. It was the home of vaudeville and silent film stars for years. Big name Hollywood stars would come to New Brunswick, and they would entertain. People would come to the theater to see their favorite stars of the 1930s, 40s, and 50s. But just like all of New Brunswick’s downtown attractions, the theater became the victim of neglect and crime during the 1960s and 1970s. New Brunswick’s downtown area became a desolate place, and the State Theater became a has-been. The new suburban cinemas were in vogue in the 1960s.
But people like Sam Boraie, and his energetic family, decided to bring downtown New Brunswick back to life. Sam decided he wanted to be a part of renovating the State Theater. Boraie Development was one of the catalysts for rejuvenating downtown New Brunswick. Omar Boraie bought several properties along Albany Street in the 1970s, and he began a 40-year project. According to Rutgers Magazine, he wanted to bring New Brunswick’s downtown back from the brink of disaster. Boraie Development built several high-rise office and residential buildings downtown, and while those projects were going on, The New Brunswick Development Corporation began to restore the State Theater.
The State Theater was transformed, and it was reopened in 1988. Since the reopening, more than 5 million people have attended performances and events at the State Theater. In 2003, the 1,850-seat theater was restored to its original 1921 appearance. Sam Boraie (https://www.crunchbase.com/person/sam-boraie#/entity) was one of the board members of the theater, and he was instrumental in making the theater look like it did in 1921. Boraie also helped turn the theater into a modern state-of-the-art entertainment and education complex.
Today, the New Brunswick State Theater is the centerpiece of the New Jersey city. In fact Bloomberg says that the theater is one of the top attractions in the state. New Brunswick is actually a centerpiece for urban renewal in New Jersey, thanks to Sam Boraie and Boraie Development. New Brunswick is a hub for the healthcare industry. Several pharmaceutical companies also have headquarters in the city.
But Sam Boraie and Boraie Development have also helped Newark rise from the ashes of crime and poverty. Sam and Shaq O’Neil decided to build a high-rise luxury condominium building along the riverfront in Newark. The building, One Riverfront, is a huge success. The city of Newark is undergoing a metamorphosis thanks to Sam Boraie’s work. Boraie Development is also adding a new residential complex to Atlantic City, and that will help that city bounce back from a weak economy.