Shaquille O'Neal to open luxury high-rise in New Jersey

NEWARK, N.J. -- Former NBA star Shaquille O'Neal is opening a high-rise apartment complex in New Jersey's largest city.

O'Neal was joined by city and state officials on Tuesday in Newark for a news conference to discuss the project.

The Newark native partnered with New Brunswick-based Boraie Development and Goldman Sachs to build the $79 million complex.

The 22-story tower will house 168 units. It sits near the New Jersey Performing Arts Center.

O'Neal says he wants to invest in things that make a difference in the city.

O'Neal and Boraie Development also have a $150 million apartment complex in Newark in the works.

The high-rise is scheduled to open by the end of the year.

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