50 Rector Park is an apartment building in Newark, New Jersey, the first market rate residential high-rise to be newly built in the city since 1962.
[citation needed] The complex was originally planned to incorporate an historic six-story building that was once part of Ballantine Brewery.
[11] 50 Rector Park is a collaboration by Newark native Shaquille O'Neal and New Brunswick-based Boraie Development.
[14][15] Goldman Sachs has provided financing, while Newark-based Prudential Financial bought re-development area bonds issued by the city.
[2][3][4] O'Neal has stated that he plans to move into the top floor when the tower is completed and that he would then like his "mother to come back here and just smile".