Sam Boraie returned home to make good on a comment his mother made years ago. While driving through Newark, Shaquille O’Neal’s mother looked from the car and said to her son that it would be nice if someone made this beautiful again. Years later, Shaq is back in his hometown doing what his mother had hoped to see. He recalls how it was a hit to his chest and he had to make good on her vision. The former NBA superstar has made his mark with what’s called the Shaq Tower.
It reaches up to 22 stories as an apartment complex hovering over downtown in the City of Newark. The officials are grateful as they have not seen a skyscraper built in the area for 50 years. O’Neal remembers as a kid how he also wanted to see the city regain its beauty. He adds that he always invests in things that will make a difference. For more details visit Crucnhbase.
Those in attendance at the milestone construction were Governor Phil Murphy, Lt. Gov. Sheila Oliver and Mayor Ras Baraka. The officials were happy to see that their city is on the rise to making a comeback and developers are investing in the community. Murphy added that the city has an undeniable trajectory and as the urban centers go, so does Newark and then the State of New Jersey.
The luxury apartments sport a $79 million value. One of the developers is the long-standing construction company of Boraie Development. O’Neal calls them the Kobe Bryant of construction. Wasseem Boraie has been a leader in creating structures for tenants, residents and local businesses. Sam Boraie Construction has a commitment in their business practices to bring their vision, the capital to build and the project dedication to make it happen. Boraie Development has been in business for 30 years. You can visit boraie.com
Besides the Shaq Tower, O’Neal shared plans to build a $150 million, 350 unit apartment complex with the Boraie construction company. That building will stand 35 stories and placed along the 777 McCarter Highway and is nicknamed as “House that Shaq Built.” O’Neal shares his love for his city citing that he was born and raised there and loves it very much. As for the new development, Goldman Sachs will also invest along with their current financing of 1 Rector Street. As of this date, the business has dropped $600 million in several projects throughout the city.
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