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Shaq’s real estate venture

Two years ago, when he was still playing for the Heat, Shaquille O’Neal formed a real estate venture aimed at developing “lifestyle” redevelopment projects in cities nationwide. The O’Neal Group launched with its first project being a partnership with the developer of Metropolitan Miami, a downtown Miami complex of condos, a hotel, office and entertainment space.

This week, O’Neal, now center for the Phoenix Suns, announced a new project, this one in in downtown Newark, N.J., near where O’Neal grew up. According to a story in the Newark Star-Ledger, Boraie O’Neal Urban Development is planning a $90 million, 25-story condo tower. Read the story here.


POSTED IN: NBA (42)

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About the Author

SARAH TALALAY
After a decade as a news reporter in New Jersey, Southern California, Chicago and South Broward, Talalay decided to trade in covering meetings about city government and schools for meetings about sports deals and stadium finance...
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