4-time NBA champion Shaquille O’Neal is known to be a master investor. his latest acquisition is a luxury apartment building in Newark, New Jersey worth $80 million. O’Neal in partnership with Boraie Development, officially owns “50 Rector Park. The luxury tower is complete with 22 floors, 168 units, a gym, an amenities room, a skydeck with a rooftop cabanas, and amazing skyline views of both Jersey City and New York City.
The locals nicknamed the high rise building “Shaq Tower” – in honor of Shaq himself who was born and raised in Newark, New Jersey.
“I remember when I was growing up (the city) used to be beautiful like this so the older I get, I want it to be a little more beautiful,” O’Neal told reporters. “I invest in things that are going to make a difference.”
The units are reportedly already 60% sold out, and residents seem to especially love the tower’s location. It’s in walking distance from Whole Foods, Ironbound, Newark Penn Station, the Prudential Center, NJ PAC, Military Park, and the brand new riverfront park under development.
Shaq is big on integrity and being in alignment with whatever he’s inolved in. So it’s no surprise, that even O’Neal himself has a unit on one of the penthouse floors.
For more details about the development, visit https://www.50rectorpark.com/
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