CURRENT DEVELOPMENTS

 

urban development partners new york llc distressed real estate consultingWest Side Mixed-Use
Location: New York, NY
Developer: Urban Development Partners / Apollo Real Estate Advisors
Size: 750,000 sf
Project Cost: $450M
The west side mixed-use project located in Inwood consists of two multi-family residential buildings and one for-sale residential building, all of which will be built in three phases.

urban development partners new york llc distressed real estate consultingBrooklyn Multi-Family
Location: Brooklyn, NY
Size: 250,000 sf
Project Cost: $115M
This mixed-use building in Brooklyn consists of 237 apartments and ground floor retail. The project is one of two multi-family buildings that will be built in the Williamsburg area. Construction financing is currently being arranged for the project.

urban development partners new york llc distressed real estate consultingHarlem Office
Location: New York, NY
Developer: Urban Development Partners / Apollo Real Estate Advisors
Size: 135,000 sf
Project Cost: $90M
This new office building was designed under the recently revised zoning for 125th Street in Harlem. Located near the corner of Lennox Avenue, the building has immediate access to the subway and a strong retail presence.

urban development partners new york llc distressed real estate consultingWashington DC Mixed-Use
Location: Washington DC
Developer: Urban Development Partners / Apollo Real Estate Advisors
Size: 2.5M sf
Project Cost: $900M
New Town at Capital City Market is a comprehensively planned mixed use development that will provide significant new housing, preserve a fragile wholesale market, revitalize an appealing international food-anchored retail market, adaptively reuse historically significant structures, provide hotel rooms convenient to the market, NOMA and the surrounding neighborhood, and provide community, and cultural facilities within the context of an urbane district setting.

 

CONSULTING

 

urban development partners new york llc distressed real estate consultingMixed-Use Hotel, Residences and Retail
Location: Los Angeles, CA
Type: Project Consulting
Size: 750,000 sf
Project Cost: $375M
This full block mixed-use project contains 300 hotel rooms, 140 condominium units, a restaurant, a club and ground level retail space. Urban Development Partners is assesing the current construction budget and schedule and providing the client with a detailed analysis and strategy for closing out the project.

urban development partners new york llc distressed real estate consultingHouston Luxury Condominiums
Location: Houston, TX
Type: Asset Evaluation
Size: 300,000 sf
Project Cost: $110M
Urban Development Partners is providing an analysis of the construction, management and sales on the project as well as a complete financial return analysis. This analysis will enable the partnership to make informed decisions as they move forward with the project.

urban development partners new york llc distressed real estate consultingTribeca Luxury Condominiums
Location: New York, NY
Type: Asset Evaluation
Size: 200,000 sf
Project Cost: $120M
The developer acquired two parcels of land in Tribeca in 2006 with the plan to construct a 70-unit ultra luxury condominium building. Urban Development Partners was hired to evaluate opportunities within the deal.

urban development partners new york llc distressed real estate consultingUpper West Side Luxury Condominiums
Location: New York, NY
Type: Asset Evaluation
Size: 150,000 sf
Project Cost: $90M
Three existing underbuilt buildings were acquired by the developer to demolish and construct a new condominium building. The developer had secured acquisition financing but was unable to source construction financing. Urban Development Partners stepped in to advise on the acquisition and development.

urban development partners new york llc distressed real estate consultingHistoric Conversion Condominiums
Location: New York, NY
Type: Asset Evaluation
Size: 200,000 sf
Project Cost: $120M
This existing historic building was purchased by the developer in 2006 and planned for an 8-unit luxury condominium conversion. Conversion of the project stalled during construction as a result of the sponsor’s inability to control cost. The Urban Development Partners team assesed the construction in place.

urban development partners new york llc distressed real estate consultingFlorida Luxury Condominiums
Location: Miami, FL
Type: Asset Evaluation
Size: 1,200,000 sf
Project Cost: $370M
This 67-story Miami development consists of 306 ultra-luxury condominium units, 56 hotel rooms, and 6,000sf of ground floor retail. The project is 95% complete and is scheduled to start closings in the second quarter of 2009. Browne Fino Davis was approached to reposition the property.

 

SELECTED EXPERIENCE

 

urban development partners new york llc distressed real estate consulting111 Central Park North
Location: New York, NY
Developer: The Athena Group (Gary Davis at Athena)
Size: 97,000 sf
Project Cost: $75M
Status: Completed 2007
In January of 2005, Gary Davis, as the Executive Vice President of the Athena Group, sourced this opportunity located on the northeast corner of Lenox Avenue and Central Park North.

urban development partners new york llc distressed real estate consultingA Condo
Location: Jersey City, NJ
Developer: The Athena Group (Ken Browne at Athena)
Size: 250,000 sf
Project Cost: $135M
Status: Completed 2007
In March of 2004, Ken Browne, as Senior Vice President of Acquisitions and Development of the Athena Group, sourced this property located one block from the Jersey City Waterfront.

urban development partners new york llc distressed real estate consultingLiberty Lofts
Location: New York, NY
Developer: The Athena Group (Gary Davis at Athena)
Size: 98,000 sf
Project Cost: $92M
Status: Completed 2006
In May of 2001, Gary Davis, as the Executive Vice President of the Athena Group, led the development of 43 West 64th in New York City.

urban development partners new york llc distressed real estate consultingWestminster
Location: New York, NY
Developer: The Related Companies (Ken Browne at HRH)
Size: 285,000 sf
Project Cost: $5.5M
Status: Completed June 2002
Ken Browne, as a Senior Vice President of HRH Construction Corporation, oversaw the development of a 15 story mixed-use 80/20 luxury residential building.

urban development partners new york llc distressed real estate consulting838 Fifth Avenue
Location: New York, NY
Developer: The Athena Group (Gary Davis at Athena)
Size: 60,000 sf
Project Cost: $100M
Status: Completed 2001
In 1999, Gary Davis, as Executive Vice President of the Athena Group directed the redevelopment of 838 Fifth Avenue, a residential project in New York City.

urban development partners new york llc distressed real estate consultingThe Chatham
Location: New York, NY
Developer: The Related Companies (Ken Browne at HRH)
Size: 365,000 sf
Project Cost: $75M
Status: Completed May 2001
Ken Browne, as a Senior Vice President of HRH Construction Corporation, oversaw the construction of a 34-story luxury condominium tower in Manhattan’s prestigious Upper East Side.

urban development partners new york llc distressed real estate consultingFAA Office Building
Location: Queens, NY
Developer: Edward J Minskoff Equities (Gary Davis at Minskoff)
Size: 240,000 sf
Project Cost: $46M
Status: Completed 2000
In 1997, Gary Davis, the Senior Vice President of Development at Edward J Minskoff Equities, oversaw the acquisition of eight acres of City owned land.

urban development partners new york llc distressed real estate consultingTribeca Park
Location: New York, NY
Developer: The Related Companies (Ken Browne at HRH)
Size: 400,000 sf
Project Cost: $75M
Status: Completed Aug 1999
Ken Browne, as a Vice President for HRH Construction Corporation, oversaw the construction a 27-story residential rental building located in Battery Park City, New York, overlooking the Hudson River.

urban development partners new york llc distressed real estate consultingThe Hudson Hotel
Location: New York, NY
Developer: Ian Schrager Hotels (Gary Davis)
Size: 500,000 sf
Project Cost: $150M
Status: Complete
In 1998, Gary Davis, as the Executive Vice President of Development for Ian Schrager Hotels, and Charles Fino, who was retained by Ian Schrager to direct construction, led the development and construction of the 1,000 room Hudson Hotel in Manhattan.

urban development partners new york llc distressed real estate consultingThe Ventura
Location: New York, NY
Developer: The Related Companies (Ken Browne at HRH)
Size: 200,000 sf
Project Cost: $40M
Status: Completed Nov 1998
Ken Browne, as a Vice President of HRH Construction Corporation, oversaw the development of a 22-story, 200,000 sq. ft. mixed-use luxury residential building.

urban development partners new york llc distressed real estate consultingUnion Square South
Location: New York, NY
Developer: The Related Companies (Ken Browne at HRH)
Size: 500,000 sf
Project Cost: $75M
Status: Completed Sept 1998
Ken Browne, as a Vice President of HRH Construction Corporation, oversaw the construction of a 33 story mixed use building adjacent to Union Square Park.

urban development partners new york llc distressed real estate consultingCenter for Disease Prevention
Location: New York, NY
Developer: Columbia University (Ken Browne at HRH)
Size: 172,000 sf
Project Cost: $51.6M
Status: Completed Feb 1997
Completed in 1997, Ken Browne. as Vice President of HRH Construction, directed the development of Columbia University’s Center for Disease Prevention.

urban development partners new york llc distressed real estate consulting590 Madison Ave
Location: New York, NY
Developer: Edward J Minskoff Equities (Gary Davis at Minskoff)
Size: 1,000,000 sf
Project Cost: $37M
Status: Completed 1995
In 1994, Gary Davis, the Senior Vice President of Development at Edward J Minskoff Equities, oversaw the repositioning of the 1,000,000 rentable square foot, landmark corporate headquarters for the International Business Machines Corporation.

urban development partners new york llc distressed real estate consulting101 Avenue of the Americas
Location: New York, NY
Developer: Edward J Minskoff Equities (Gary Davis at Minskoff)
Size: 414,000 sf
Project Cost: $110M
Status: Completed 1994
In 1992, Gary Davis, the Senior Vice President of Development at Edward J Minskoff Equities, oversaw the design and construction of 101 Avenue of the Americas.

urban development partners new york llc distressed real estate consulting565 Fifth Avenue
Location: New York, NY
Developer: Kipp-Stawski (Ken Browne at HRH)
Size: 500,000 sf
Project Cost: $95M
Status: Completed Jan 1993
Ken Browne, as a Project Manager for HRH Construction Corporation, managed the construction of a 30-story office building on New York’s Fifth Avenue.

urban development partners new york llc distressed real estate consulting1325 Avenue of the Americas
Location: New York, NY
Developer: Edward J Minskoff Equities (Gary Davis at Minskoff)
Size: 750,000 sf
Project Cost: $160M
Status: Completed 1991
In 1989, Gary Davis, the Senior Vice President of Development at Edward J Minskoff Equities, oversaw the design and construction of 1325 Avenue of the Americas.