COMPLETED NOV. 2017 | MULTIFAMILY | ARCHITECT + DEVELOPER

Ground-up, 7-unit, $22M, 24K SF, 14-story, mixed-use tower | New York, NY | Owner: Empirical Development LLC

Sourced, designed, built, and sold iconic residential building in partnership with an offshore CRE investment fund.

Built pre-development pro-forma, performed site selection, contract negotiations and due diligence. Acquired distressed lot in 2010 for $230 psf. Negotiated land cost down $175K. Owner was offered 2.5X purchase price within 18 months of closing.

Negotiated with three (3) neighboring lots to secure access licenses, two with active construction. Coordinated site-safety plan and managed contentious relationships with adjacent Owners. Saved $250K in legal fees & fines through pro-active management of neighboring sites. 

Coordinated submission of documents to comply with NYC Zoning Resolution, NYC Building Codes, NYS Multiple Dwelling Law, NYC Utility Connections, NYC DOF tax lot approvals and NYS Attorney General Condominium filing laws. Directed efforts of all team members to secure all necessary permits and approvals. Cut 2 months from the Project Schedule through direct AOR advocacy at DOB.

Managed budgeting and scheduling, construction document production and coordination, bid analysis and negotiation, trade buyouts, and change order processing worth $14M

Delivered a deep pile, bathtub foundation in high-organic landfill soil within FEMA-designated Flood Zone.  Drove 19 caissons with tie-down anchors to bedrock in depths over 200 feet. 

Implemented design, engineering, procurement, and install of a dual-level, 4,200 sf, 14-story, stick-built, structurally insulated glass curtain wall, fabricated in Poland with Schuco components.

Installed a split air-cooled heat pump system with nine 8-ton, air-cooled, roof-top heat pump/condensing units by Daikin serving 6 residential units, paired with dedicated, spilt air-cooled units for Amenities.      

Vetted / selected Sales-Marketing teams. Liaised with Ownership to set pricing targets, set release sequence, and negotiate all contracts of sale. Sold six of seven units over $1875 PSF in the 2016 luxury bear market. Rented Sponsor-held units, one for $18K per month.

Directing stabilization, staff hiring and rental lease-up of Sponsor Units.  Coordinating allocation and collection of common charges and real estate taxes. Acting as Board President during Sponsor Control Period.

Media & Publication: ‘Jet setting Shoe Gurus Kick Back in New Chelsea Penthouse,’ New York Post, August 2016 | ‘Million Dollar Listing NY’ with Ryan Serhant, Bravo Television, Season 6, Episode 7, July 2017