Posted Aug 7, 2018, 11:39 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 46,694
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Plans for Newark’s Second ‘Shaq Tower’ Could Soon Be Approved
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It has been nearly a decade since the plans for Newark’s first “Shaq Tower” were revealed. In the time since, not only were there several false starts, but the historic Science High School building that was supposed to be adaptively reused and serve as the base of the high-rise development was unexpectedly torn down. Now, just as the largely residential project by Shaquille O’Neal and New Brunswick-based Boraie Development is finally nearing completion, plans for an even larger Shaq Tower on a nearby property could soon gain approval.
At an event in April to celebrate the topping-off of the project at the corner of McCarter Highway/Route 21 and Rector Street, a proposal was revealed for a second high-rise development a few blocks south at 769-781 McCarter Highway/Route 21, which stretches between Market Street and Edison Place. During the celebration, O’Neal referred to the proposed $150 million structure as “the house that Shaq built” and told the crowd that he would reside on the building’s top floor.
A legal notice shows that the Newark Plaza Urban Renewal Company, LLC, which is registered out of Boraie Development’s office, is planning for the building to be 33 stories tall and contain 370 residential units. In addition, a “parking structure” and 14,495 square feet of first-floor retail space would be included on the premises, though the plan calls for “fewer parking spaces than are required.” The Newark Central Planning Board is scheduled to hear the proposal for the first time during its meeting on Monday, August 6, at 6:30 p.m.
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Jersey Digs
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