• Contact
  • Privacy Policy
Blacksonrise.com
DONATE
  • Consultation EST
  • Herbal Internal Wash
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut
No Result
View All Result
  • Consultation EST
  • Herbal Internal Wash
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut
No Result
View All Result
Blacksonrise.com
No Result
View All Result

Shaquille O’Neal Opens $80M ‘Shaq Tower’ in His Hometown of Newark

blacksonrise by blacksonrise
November 19, 2019
in Uncategorized
0
Shaquille O’Neal Opens $80M ‘Shaq Tower’ in His Hometown of Newark
0
SHARES
58
VIEWS
Share on FacebookShare on Twitter

Former NBA player Shaquille O’Neal has opened an apartment tower in his hometown of Newark, New Jersey, according to NJ.com.

The $80 million luxury apartment building, at 22 stories, was developed by Boraie Development and O’Neal and is steps away from the New Jersey Performing Arts Center and the renovated Hahne & Co. building that includes a Whole Foods and the newest restaurant by celebrity chef and Red Rooster Harlem owner Marcus Samuelsson. The long-awaited “Shaq Tower” opened its doors in Newark this summer and is about 60% leased, developer Wasseem Boraie said.

“It’s going to go down as the most historic building in Newark,” O’Neal previously told NJ Advance Media. “Second of all, it’s going to continue to beautify our city.” The tower is officially called 50 Rector Park and has a gym, amenities room, and rooftop cabanas and grills for residents of its 168 units.

“It’s been a long journey and it’s one of those things that if you really aren’t committed you never would have done what we did,” Boraie told NJ Advance Media. “You gotta believe in your product, in your city, and in your public partners and the private partners that are there with you. Development is not a sole practitioner sport, it’s absolutely a team sport.”

There is also a plan to build a new $150 million, 350-unit apartment complex with Boraie. The 35-story building on 777 McCarter Highway will be known as the “House that Shaq Built,” O’Neal said.

The units can be leased with prices ranging from $1,800 for a studio to $1,950 for a one-bedroom and $2,700 for a two-bedroom. Parking is also available in the building’s 120-car garage for an additional $150 a month.

Following his career in the league, O’Neal established a strong business track record as an investor, restaurateur, and franchise owner. He currently owns a Krispy Kreme Doughnuts franchise in Atlanta and previously owned 27 Five Guys Burgers and Fries franchises. In addition, he is the founder and owner of Big Chicken, a fast-casual fried chicken restaurant in Las Vegas and Shaquille’s, a fine dining restaurant, also in Los Angeles. Shaq is also a minority owner of the Sacramento Kings NBA franchise.

Advertisements

O’Neal, the four-time NBA champion, joined the Papa John’s board of directors earlier this year after founder John Schnatter resigned last year following reports that he used a racial slur during a company conference call and criticized NFL players kneeling in protest during an earnings call. O’Neal secured $8.5 million in cash and stock options in the deal. The NBA legend also invested in nine Papa John’s franchise restaurants in Atlanta.


Credit: Source link

Previous Post

An African American cultural trail is coming to Greenville this summer

Next Post

Boardroom briefing: glamour back to travel, the trouble with MBAs, Port Moresby Nature Park

Next Post
Boardroom briefing: glamour back to travel, the trouble with MBAs, Port Moresby Nature Park

Boardroom briefing: glamour back to travel, the trouble with MBAs, Port Moresby Nature Park

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

HOT Updates

No Content Available

BlackSonRise.com is an online news portal which aims to provide Caribbean News, African News, Business and much more stuff like that. Feel free to get in touch with us!

Follow us on social media:

Recent News

  • Eyewitness: Christmas Eve… | INews Guyana
  • UK stocks edge higher in muted holiday trading – SABC News
  • History repeats for NYCFC against Costa Rican debutant

Subscribe NOW

Loading
  • Contact
  • Privacy Policy

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

No Result
View All Result
  • Consultation EST
  • Herbal Internal Wash
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

USD $
  • USD USD $
  • EUR EUR €
  • GBP GBP £