To become a successful real estate developer means that a company must have a range of assets to invest in projects. Jason Halpern, principal of JMH Development certainly understands this. His family founded the company and he took the helm in 2010. Increasing the number of building projects isn’t a problem when your company has $500 million in investment funds available. As a prime player in the New York real estate market, developer Halpern has the unique ability for taking a space out of the traditional and reinventing it.
One of JMH Development most noteworthy project builds was completion of 184 Kent in Brooklyn. It’s worth mentioning because 184 Kent has 340 luxury apartments, not bad for a building that was originally a warehouse. It seems something about the completion of that project sparked an interest for Halpern. After the 184 Kent, he made a deal to convert another warehouse property. This time a former bourbon warehouse was made into 338 luxury condos.
Real estate developers must have the presence of mind to always look for interesting properties. JMH Development market base includes Miami Beach, Brooklyn and Manhattan. It certainly makes sense that in major markets, real estate development is about the greater usefulness of the space. It takes a complete skill set to offer well designed buildings. Jason Halpern has mastered all phases of project completion, this would include strategic planning, construction and design and the business initiatives of marketing and brand recognition.
Jason Halpern and JMH Development don’t just convert buildings into something new. There’s a lot that goes into maintaining and preserving the historical integrity of the architecture. Such was the case with Miami Beach’s Aloft hotel. For the project Halpern partnered with Madden Real Estate Ventures. The Aloft South Beach was what’s referred in the industry as a “top off project.” For a top off project the end goal is to keep the bones of the structure, but create a better, aesthetically pleasing new building. The results was a 235 room luxury hotel, complete with scenic waterfront views of the Collins Canal and the Lake Pancoast.