Black Business Logo News, Resources & More For
and About Black-Owned Businesses
Home News/ Blog Events Publications Organizations Grants/ Funding

Thursday, November 21, 2019

Shaquille O'Neal Opens $80 Million Luxury Apartment Building in Newark

Shaq Tower apartment building in Newark

4-time NBA champion Shaquille O'Neal has just opened a luxury apartment building in Newark, New Jersey worth $80 million. In partnership with Boraie Development, the 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 high rise building is officially called 50 Rector Park, but many locals refer to it as "Shaq Tower" - named after Shaq himself who was born and raised in Newark.

"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.

Even O’Neal himself has a unit on one of the penthouse floors.

For more details about the development, visit https://www.50rectorpark.com/