Posted Sep 19, 2006, 8:10 PM
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Join Date: Jul 2005
Location: Miami
Posts: 4,042
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The floundering Met project just received financing from a new investor....Shaq?!?!?
http://www.miami.com/mld/miamiherald/15556864.htm
Quote:
Shaq enters Miami real estate market
BY MATTHEW HAGGMAN
mhaggman@MiamiHerald.com
Shaquille O'Neal is taking his game to downtown Miami, but in the real estate market rather than the hard court.
The Miami Heat star announced Tuesday the formation of The O'Neal Group, a real estate company, to organize his current property holdings and invest in new projects. His first venture: investing in a real estate development called Met Miami that encompasses three blocks in the heart of Miami's downtown.
''People sometimes ask me who is my favorite athlete. They expect me to say Chamberlain, Russell, Kareem,'' said O''Neal, ticking off the names of former basketball greats. ``But I say Dave Bing, because he did great things after basketball.'' Bing, a prolific scoring guard now enshrined in basketball's Hall of Fame, runs a multimillion-dollar steel business in Detroit.
O`Neal said he wants to make a similar mark in Miami, and intends to keep a home here after his basketball career ends. However, the big man destined for the Hall of Fame said his primary residence will remain in Orlando, a central Florida city he has called home since launching his professional basketball career with the Orlando Magic.
Neither O`Neal Group Vice President Christopher Handy nor Met Miami developer Luis Pulenta would provide specifics about the financial arrangement between O'Neal and the developer. But each said it involved a significant financial investment by the Heat center in the project.
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