One Rector Street is a massive residential highrise in Newark, New Jersey, and it is a place that was built up by Boraie Development and their primary investor Shaquille O’Neal. People were terming this building Shaq Towers at the opening, and it is a fair assessment because Shaq was a big part of making this building come to life. This article explains how the towers will change not only the face of Newark but the people who live there. Check out Rutgers for more.
#1: Why A Residentail Highrise?
Newark has long been in rebuilding mode, and Boraie Development has been a part of that plan for some time. The company was started by Omar Boraie to help develop as much of New Jersey as possible, and his company came in with the ability to make this highrise the perfect representation of a new city.
Shaquille O’Neal has been their big investor on this project because he wants to see urban areas improve, and he knows that the things he does may change how people in the center of Newark live.
#2: Growing Commerce
The purpose of building something such as One Rector Street is to bring people to this part of the city. Young professionals and old residents may live in this highrise, and their money will support businesses that are settled around the highrise. The highrise is beautiful to look at, and more companies will move in around it over the next few months.
A new community may happen right where this place was built, and it is the sort of community that is often seen in large cities. The people of that community come to identify with the Shaq Towers, and they recognize that the towers have given them a new lease on life. Newark starts to look different because of these buildings, and the people who live in them have brand new lives because of the neighborhood that springs up around them. For more details visit Bloomberg.
#3: The Boraie Development Commitment
Boraie Development has always been committed to making the state of New Jersey a better place to live. They are noted for their work in places such as Newark, Atlantic City, and New Brunswick. Omar Boraie has given countless funds to great causes in the state, and he works with city leaders to find land that is worth developing. His company manages each new project, and they make these projects great places to live/work.