One Riverview (formerly 40 Rector Street)
One Riverview is a collaboration by Newark native, Shaquille O'Neal and New Brunswick-based Boraie Development. The project has received a New Jersey Department of Economic Development Urban Transit Hub Tax Credit and the Municipal Council of Newark adopted a resolution for $5 million tax credit in February 2013. Goldman Sachs has provided financing, while Newark-based Prudential Financial bought re-development area bonds issued by the city. The One Riverview project initiated work in September 2013. The project is the previous location of a school and will be the first residential high-rise tower in Newark since 1962. O'Neal has stated that he plans to move into the top floor when the tower is completed and that he would like his "mother to come back here and just smile" after the project is completed.
Address
40 Rector Street, Newark, 07102, United States
Category
Residential, Commercial (Retail)
Status
Pre-Construction
Storeys
23
Number of Units
169
Developer
Boraie Development
Forum
Buildings Discussion | |
Views: 5.7K | Replies: 22 | Last Post: Aug 02, 2017 |
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