A $79 Million Apartment Tower Is Opening In New Jersey By Shaquille O’Neal
In more than 50 years, the first Newark high-rise was launched by former NBA basketball personality, Shaquille O’Neal in his neighborhood skyline, where he grew up. The apartment complex is 22-storeys high and is called “Shaq Tower”. It will hang over the adjacent metropolitan area downtown. The Lt. Governor Sheila Oliver and Ras Barak, Mayor, accompanied Shaquille in building the apartment tower.
Shaquille O’Neal reminisces about growing up in Newark New Jersey. The city was attractive then and is still attractive now. As he grew older, his desire was to see the city become more appealing. Shaq remarked to New Jersey Advance Media, that he tries to make a positive difference by his investments. You can check out Yahoo for more info.
The developers of the $79 million affluent apartments are Boraeli Development and Shaquille O’Neal. The building is located close to the New Jersey Performing Arts Center and the well-known Hahne & Company building. Chef Marcus Samuelsson’s restaurant and Whole Food store are close to the apartment building.
Officials state that when the apartment complex is finished, it will have 169 rental apartments, space will be one million square feet with a retail section on the ground floor. Omar Boraie stated that at the year’s end, around September, people might be allowed to apply for rental apartments. The venture is a joint, private-public undertaking, between Newark city, Shaq, Boraie Development and others.
Boraie Development, LLC has 50 employees and is located in New Brunswick, New Jersey. The company focuses its services on all scopes of real estate exchange expansion in urban areas, sales and commerce, as well as managing properties. Boraie Development is a metropolitan development company. For more details check out bloomberg.com
Boraie Development offers many services that are concentrated on every section of the metropolitan real estate exchange. They are experts in the metropolitan real estate market. They provide excellent services to their customers that surpasses other companies in the same industry.
The owner and Vice-President of Boraie Development is Omar Borale. The company has the vision to move the organization forward with integrity, to be trustworthy and reliable on all the projects they are hired to build. They are committed to keeping the more than 30 years of development experience and track record that makes Boraie Development the best in the industry. The projects that Boraie Development builds are constructed to draw residents and allow companies to become financial partners who greatly appreciate their constant ownership undertaking.