Newark, New Jersey is coming alive, and it’s all because of Boraie Development and Shaquille O’Neal. What do these two have in common? They are both contributing their absolute best to the city of Newark, putting up an amazing high-rise that is forever changing the face of the city. NBA legend Shaquille O’Neal saw the beauty of the city upon a visit with his mother many years ago. With a gentle nudge, his mother reminded him of where they come from and how they can play an important role in bringing positive change to the city. It was that gentle nudge that brought the first high-rise to Newark in decades with the help of Boraie Development.
Shaquille O’Neal was the catalyst in getting the building on the map, but the development firm, Boraie has been dedicated to building some of the finest buildings in New Jersey overall. It has been more than 50 years since a high-rise has been erected in the city of Newark. Earlier this month, a ceremony was held to commemorate the topping off of this new building when the “top floor” was added and finalized for this project. This high-rise means much more to the city than just another tall building. Visit njbiz.com for more details.
Boraie Development has specialized in building projects that not only serve the city but the residents as well. This particular project consists of 169 units for rental for residents and commuters, along with retail space on the first floor to complete this well-rounded project. The high-rise boasts 1 million square feet of space, and was a total financial investment of $79 million dollars.
The project was slated as a major partnership amongst the state of New Jersey, city of Newark, Shaquille O’Neal, and Boarie Development. O’Neal has announced his plans to invest more than $150 million into more projects. The next major project is to be a combination development with the intent to boost the real estate market in various aspects. The future developments are no doubt ideal for boosting the economy of Newark, but they are also encouraging for Boraie as the chosen developer for these projects with Shaq. You can checkout statetheatrenj.org for more details.