In 2018, Boraie Development LLC announced that it had teamed up with Shaquille O’Neal, a renowned basketball star, and Goldman Sachs to construct a high-rise apartment at Newark, the largest city in New Jersey.
Known as Shaq Tower, the $ 79 million joint projects will have 22 stories with over 168 units that will be used for different retail and residential purposes. Shaq Tower will be one of the tallest skylines in Newark.
“I was born and raised in Newark. It is the reason why I want to make it more beautiful,” said O’Neal. O’Neal was in the company of Gov. Phil Murphy, and Mayor Ras Baraka while making the announcement.
The project will be supervised by real estate experts from Boraie Development LLC, a reputable firm that specializes in urban real estate. The firm focuses on property management, property development, and marketing.
Boraie Development LLC has been managing The Aspire, a luxury apartment located in New Brunswick, New Jersey. The apartment has 238 residential units that house hundreds of people, and a modern fitness center.
Moreover, The Aspire Luxury Apartment has a rooftop sundeck, a parking area, and a bike store. It is adjacent to Robert Wood Johnson Hospital, New Brunswick Train Station, and favorite entertainment joints, and shopping centers.