CURRENT DEVELOPMENTS

 

urban development partners new york llc distressed real estate consultingManhattan Mixed-Use
Location: New York, NY
Developer: Urban Development Partners
Size: 175,000 sf
Project Cost: $90M
Urban Development Partners is developing this ground up 150 unit multi-family rental building in the heart of Midtown. This 34 story project will offer expansive 360 degree views of Manhattan and provide a full suite of amenities. The development will also contain 16,000sf of retail at the base of the building. Estimated completion for the project is early 2013.

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
This west side mixed-use 80/20 project located in Inwood consists of two multi-family residential rental buildings and one for-sale residential building. The project will contain 35,000 sf of retail and 2 levels of below grade parking. Construction for this development will occur 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 this 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. Urban Development Partners was approached to aid with the repositioning of 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. Mr. Davis acquired the property and directed the design and construction of 111 Central Park North, a 19 story, 47 unit condominium complex. The building also features 9,000 sf of ground floor retail, a fitness center and a wrap around landscaped terrace with an adjacent party room.

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. Mr. Browne acquired the property and directed the overall development of 389 Washington Street with a total cost in excess of $110 million. The project includes a 34 story tower with 250 condominium units, 10,500 square feet of retail and a 238 space parking garage.

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. Mr. Davis directed the design and redevelopment of the project to have an exterior courtyard in the middle of the building to create a 12 story residential building with 33 luxury residential units comprising 86,000 sf and 12,000 sf of restaurant retail space.

urban development partners new york llc distressed real estate consulting111 Worth Street
Location: New York, NY
Developer: Forest City Ratner(Kenneth P Browne at FCR)
Size: 370,000 sf
Project Cost: $200M
Status: Completed 2003
Kenneth P Browne oversaw construction of this luxury high rise consisting of 330 rental units and 2 levels of parking. Located in the Tribeca neighborhood, it is within walking distance of Soho, Chinatown and City Hall.

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 this 15 story mixed-use 80/20 luxury residential building. The limestone and brick structure includes 263 rental units with underground parking, a marble lobby, health club and retail space at ground level.

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. The building, originally a 50,000 sq. ft. office building was combined with an adjacent townhouse and redesigned as a residential condominium at 65th Street and Fifth Avenue, New York City's premier Fifth Avenue residential address.

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. The brick and limestone clad structure houses 94 apartments ranging in size from 1,100 to 3,827 sf. Each unit also has individually controlled heating and air conditioning units.

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 adjacent to John F. Kennedy International Airport from the New York City Economic Development Corporation for the construction of a new administrative office building for the Federal Aviation Administration. The facility contained 240,000 rentable square feet on five levels with parking for 815 vehicles.

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. Amenities include health club with swimming pool, private garden and below grade parking, as well as 1,200 sf. of retail space.

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 led the development of the 1,000 room Hudson Hotel in Manhattan. The original 1928 YWCA was transformed into a young, hip hotel featuring exquisitively designed cherry paneled rooms resembling Victorian ship cabins.

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. The structure's upper 13 floors are cantilevered over a neighboring 6-story building. The 246 apartments range in size from junior one-bedrooms to two-bedrooms. The structure features a 2,700 sf. health club, a 3,000 sf. rooftop terrace with a glass-enclosed solarium, and 40,000 sf of retail space.

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. The building was completed in two phases. The first phase consisted of the core and shell construction of the 6-story retail component for such tenants as United Artist Theaters, Circuit City and Virgin Records. The second phase involved the construction of the 240-unit residential tower on top of the occupied retail space.

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. This structure, a combination of architectural precast concrete and aluminum curtain wall, was the second academic research facility built as part of the Audubon Biomedical Science and Technology Park. This building's construction for the laboratory spaces utilized use state of the art materials.

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, as 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 into a multi-tenant office building at 57th and Madison Avenue. Mr. Davis orchestrated the redesign of all of the ground floor public and retail spaces together with the building's mechanical and security systems to accommodate the new occupancy.

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. This twenty-five story, 414,000 rentable square foot office building was a "built-to-suit" and 100% leased to Local 32B&J, the service and employees union, and its related funds with a twenty year lease. The building included the union's health and training facilities. Located in Tribeca, the building's design was inspired by this brick warehouse district.

urban development partners new york llc distressed real estate consulting40 Broad Street
Location: New York, NY
Developer: Dixon (Kenneth P Browne at HRH)
Size: 317,000 sf
Project Cost: $120M
Status: Completed 1994
Completed in 1994, Kenneth P Browne as President of HRH oversaw the construction of this 317,000 sf office development.

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 this 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, as Senior Vice President of Development at Edward J Minskoff Equities, oversaw the design and construction of 1325 Avenue of the Americas. This thirty-five story, 750,000 rentable square foot office building was built adjacent to the existing Hilton Hotel and provided 50,000 square feet of double height convention and exhibition space.

urban development partners new york llc distressed real estate consultingOne World Plaza
Location: New York, NY
Developer: William Zeckendorf Jr. (Kenneth P Browne at HRH)
Size: 1,500,000 sf
Project Cost: $500M
Status: Completed 1989
Kenneth P Browne as Executive Vice President of HRH oversaw the construction of One World Plaza, one of the most distinguished office towers in midtown. This building was a key to the redevelopment of Eighth Avenue.

urban development partners new york llc distressed real estate consultingTrump Tower
Location: New York, NY
Developer: Trump and Equitable Life Insurance (Kenneth P Browne at HRH)
Size: 97,000 sf
Project Cost: $60M
Status: Completed 1983
Kenneth P Browne as Senior VP at HRH oversaw the construction of Trump Tower, a 68-story, glass curtain wall building located on Fifth Avenue between East 56th Street and East 57th Street. Completed in 1983, the tower was originally the tallest residential building in Manhattan.