The name SHAQUILLE O’NEAL is usually associated with the legendary former NBA basketball star. However, Mr. O’Neal is also a very successful Entrepreneur and Businessman. He is the founder, owner and investor of a chain of well known fast food chains across the United States. SHAQUILLE O’NEAL has now ventured into the Real Estate Market. Mr. O’Neal in conjunction with Boraie development have unveiled the completion of a massive building project called 50 Rector Park. 50 Rector Park is not just another multi-million dollar building project. The builders, Boraie Development, took extra care to construct a complex that anyone would be proud to call home. This 79 million dollar Newark, NJ luxury high rise building offers 168 units in a 28 story building. It’s located in a prime location surrounded by exclusive major stores and restaurants. 50 Rector Park offers a sophisticated mix of amenities. Only a few months after the grand opening the complex was 60% occupied.
The Boraie Family felt a deep attachment and commitment to the town of Newark. Omar Boraie, the driving force behind the 50 Rector Park project, had a keen insight about the town. He recognized that Newark had solid infrastructure and realized it offered a strong foundation in which he could build upon. He wanted to invest in the future of Newark by constructing communities that brings an added sense of pride and belonging to the town. 50 Rector Park has more than lived up to the family’s expectations. The success of this project has inspired the Boraie Development to create and execute the construction of other luxury apartment homes in the town of Newark, NJ. Read More.