Shaq Attacks Mixed-Use
Oct 1, 2006 12:00 PM
Fresh from winning his fourth NBA title, Shaquille O'Neal is making an aggressive play into commercial real estate. He has formed the O'Neal Group, which will take on mixed-use development projects in addition to managing the $50-million portfolio O'Neal has amassed through the years. The first project for the venture is to be part of Miami-based MDM Development's Metropolitan Miami effort. The $1-billion project will include 1,110 residential units, an office tower, a luxury hotel and a the area's first Whole Foods store. It will also develop a 24-Hour Fitness/Shaq Ultra Sport gym.
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