“Shaquille O’Neal opened an $80 million “Shaq Tower” and kept the penthouse for himself!”: When the Lakers legend debuted as a real estate mogul in Newark

Shaquille O’Neal loves giving back to his community and even providing for the rich ones! So Shaq opened a luxury tower in his home, Newark. 

The Big Diesel is the iconic face of hundreds of commercials and he is the face of what it means to make it big in the NBA and business. Everyone in the league looks up to Shaq.

He owns a myriad of businesses and is a stakeholder in several companies including Google. Throughout his career has managed to make one right investment after the other.

Let’s just say Shaq is very good when it comes to putting the money in the right place. So when the Lakers legend decides to open up a luxury apartment building, you can bet it is going to be good!

Also read: “The Ultra-VIP Shaq Million Dollar Experience at Shaq’s Fun House is LEGENDARY!”: How Shaquille O’Neal’s Fun House Super Bowl parties offer the ultimate luxury experience money can buy

 

Shaq is a YIMBY. His 22-story ‘Shaq Tower’ just opened in Newark, and he kept a penthouse for himself. https://t.co/51ac5UhgUo

— Central NJ Yimby 🇺🇸🚲🏙 (@YIMBY_Princeton) November 14, 2019

Shaq opens up his luxury tower, 50 Rector Park, and instantly gets nicknamed “The Shaq Tower”!

If Shaq is opening up a luxury building, you know it will be filled to the brim. The 22-story apartment house has a gym, rooftop cabanas, amenities room, and grills for all its residents.

Additionally, there is a Whole Foods inside the building and a restaurant by Red Rooster Harlem’s Marcus Samuelsson. There are only 168 units, highlighting the fact that this complex will be exclusive.

Built through a partnership with Boraie Development, 50 Rector park or “Shaq Tower” is the first among many other projects in the pipeline.

Shaquille O’Neal plans to become a bonafide real-estate mogul. Next up is a 35-story apartment complex, which will cost approximately $150 million. It will be known as the “House that Shaq built”. Looks like Big Diesel’s name is working wonders for developers!

Also read: ‘Shaquille O’Neal’s ex-wife has moved on and remarried once again’: Shareef O’Neal walks mother Shaunie O’Neal down the aisle after a failed marriage with Lakers legend

Coming to you live from @SHAQ tower in #Newark New Jersey. So awesome to see the legendary Big Diesel change the landscape of Newark in a most positive way! A huge inspiration on and off the court. #Shaq #NewJersey #ShaqTower #ShaqChallenge pic.twitter.com/YJTm071hII

— Ryan Carter (@RyaCart91) May 12, 2018