The Spandrel Group Development | Management

SPANDREL DEVELOPMENT PARTNERS, LLC

SPANDREL DEVELOPMENT PARTNERS IS A MULTI-DISCIPLINED EQUITY REAL ESTATE DEVELOPMENT FIRM. THE COMPANY IS FOCUSED ON DEVELOPING MIXED-USE, MULTI-FAMILY, HOSPITALITY AND RETAIL PROJECTS ACROSS THE COUNTRY.


FROM CONCEPT THROUGH CONSTRUCTION, SPANDREL LEVERAGES ITS PRINCIPALS DECADES OF management AND RELATIONSHIPS WHILE BRINGING AN OWNERSHIP PERSPECTIVE TO THE DEVELOPMENT PROCESS THAT IS FOCUSED ON EXCELLENCE AND THE CREATION OF LONG-TERM VALUE.

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About Spandrel Development

SPANDREL DEVELOPMENT PURSUES OPPORTUNITIES FOR CONVERSION, CAPITAL IMPROVEMENT AND GROUND-UP DEVELOPMENT IN TARGETED U.S. MARKETS WITH STRONG AND GROWING ECONOMIC AND DEMOGRAPHIC INDICATORS.

FROM INTRICATE MIXED-USE DEVELOPMENTS TO LUXURY CONDOMINIUMS, OUR TEAM’S LEADERSHIP BRINGS A DEPTH OF EXPERIENCE FROM A VARIETY OF PROJECT TYPES. THE TEAM DRAWS UPON DECADES OF DEVELOPMENT AND TRANSACTION SUCCESS TO OFFER A BOLD APPROACH IN THE MARKET AND PROVIDE QUALITY SPACES THAT ARE TAILORED AND BEFIT THE SURROUNDING COMMUNITY. SDP PRINCIPALS BRING A COMBINED 25 YEARS AND OVER $2 BILLION OF REAL ESTATE AND FINANCE EXPERIENCE TO THE FIRM.

THE FIRM IS ACTIVELY ENGAGED IN DEVELOPING A PORTFOLIO OF MID-SIZE PROPERTIES EACH IN THE RANGE OF $30 MILLION TO $60 MILLION.

Principal Experience


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Development Strategy

  • METHODOLOGICAL GEOGRAPHIC SCREENING CRITERIA TO FILTER AND RANK THE 281 METROPOLITAN STATISTICAL AREA’S (MSA) OF THE UNITES STATES FOCUSED ON KEY INDICATORS
  • STRATEGICALLY SIZING OPPORTUNITIES BELOW LARGE INSTITUTIONS AND ABOVE LOCAL ONE-OFF DEVELOPERS:

    • MULTI-FAMILY/CONDO: 60 – 200+ UNITS; TYPICAL INSTITUTIONAL SCALE 250+ UNIT OPPORTUNITIES

    • IMPLEMENTATION OF URBAN DESIGN PRINCIPLES

    • LOWER UNIT COUNT, REDUCED LOT SIZE REQUIREMENT; LESS COMPETITIVE LAND ACQUISITION PROPOSITION
  • HOSPITALITY: 50-150 KEYS; 3.5 TO 5 STAR FINISHING AND FIXTURES
  • RETAIL: URBAN CORE INFILL AS A KEY ELEMENT TO LARGER MIXED USE
  • CREATE BLUE CHIP TEAM OF REGIONAL AND LOCAL CONSULTANTS TO BE AUGMENTED WITH IN-HOUSE EXPERTS AND OUR GO-TO SPECIALISTS
  • DESIGN AND DEVELOP QUALITY PRODUCT PRESERVING LOCAL FLAVOR WHILE ALSO IMPLEMENTING NEW DESIGN STRATEGIES

strategy

Team Bios

  • Ian Levine

    Ian Levine Founding Principal

    IAN LEVINE IS CO-FOUNDER OF SPANDREL DEVELOPMENT PARTNERS, LLC. PRIOR TO FORMING SDP IAN SPENT 16 YEARS WITH RAL COMPANIES AND AFFILIATES, LLC AS CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER AS WELL AS CEO AND PRESIDENT OF SPANDREL PROPERTY SERVICES, INC. RAL’S AFFILIATED PROPERTY MANAGEMENT AND BROKERAGE FIRM.

    AT R.A.L. COMPANIES & AFFILIATES, LLC , A DEVELOPER OF LUXURY APARTMENT, CONDOMINIUM AND RESORT COMMUNITIES NATIONWIDE, IAN PROVIDED ASSET MANAGEMENT, OPERATIONAL AND FINANCIAL OVERSIGHT OF MULTIPLE MID- AND LARGE-SCALE PROJECTS VALUED IN EXCESS OF $1 BILLION WHICH HAVE INCLUDED SUCH PROJECTS AS TOWER 270 CONDOMINIUM IN TRIBECA, NEW YORK, THE FRANKLIN TOWER IN TRIBECA, NEW YORK, LOFT 25 CONDOMINIUM IN CHELSEA, NEW YORK, ONE BROOKLYN BRIDGE PARK CONDOMINIUM IN BROOKLYN, NEW YORK, THE NEW YORKER CONDOMINIUM, NEW YORK, NEW YORK AS WELL AS THE INN AT LOST CREEK IN TELLURIDE COLORADO.

    PRIOR TO R.A.L., IAN WAS A REAL ESTATE REPRESENTATIVE FOR JEEPERS! INC., A MASSACHUSETTS-BASED NATIONAL OWNER AND OPERATOR OF INDOOR ANIMATED THEME PARKS AND RESTAURANTS, WHERE HE FOCUSED ON NEW SITE ACQUISITIONS, ZONING, LEASE ADMINISTRATION AND OTHER RELATED MATTERS. AT JEEPERS!, INC. IAN ALSO INSTITUTED A SPECIALIZED SYSTEM INCORPORATING TARGET MAPPING, TRADE AREA ANALYSIS, CUSTOMER PROFILING AND DEMOGRAPHIC VARIABLES ON SALES ANALYSIS TO ASSIST IN THE SITE SELECTION PROCESS. PREVIOUSLY, IAN WAS PROJECT COORDINATOR AT A LARGE NORTHEASTERN FABRICATOR AND INSTALLER OF COMMERCIAL CUSTOM INTERIOR DÉCOR AND DESIGN AND IN CHARGE OF ALL BIDDING AND SITE MANAGEMENT.

    A LICENSED REAL ESTATE BROKER IN NEW YORK, CONNECTICUT, MASSACHUSETTS, PENNSYLVANIA, AND COLORADO, IAN IS AN ACTIVE MEMBER OF THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS, THE NEW YORK ASSOCIATION OF REALTY MANAGERS, THE REAL ESTATE BOARD OF NEW YORK AND THE INSTITUTE OF REAL ESTATE MANAGEMENT. IAN RECEIVED A BACHELOR OF SCIENCE DEGREE IN BUSINESS ADMINISTRATION FROM BABSON COLLEGE.

  • Emanuel D. Neuman Founding Principal

    WITH OVER A DECADE OF EXPERIENCE IN INVESTMENT BANKING, INVESTMENT MANAGEMENT AND BUSINESS OPERATIONS, EMANUEL D. NEUMAN IS CO-FOUNDER OF SPANDREL DEVELOPMENT PARTNERS, LLC.

    THROUGHOUT HIS CAREER, HE HAS ADVISED AND INVESTED IN TRANSACTIONS VALUED AT MORE THAN $1 BILLION. AT SPANDREL DEVELOPMENT, NEUMAN LEVERAGES HIS FINANCIAL EXPERTISE AND LONG-STANDING RELATIONSHIPS TO FILTER, ANALYZE AND FINANCE THE COMPANY’S PROJECTS. PRIOR TO THE LAUNCH OF SDP, EMANUEL WAS CO-PORTFOLIO MANAGER AT UNTERBERG CAPITAL LLC, A LONG-ONLY INVESTMENT FUND NAMED AS ONE OF 2010’S “TOP PERFORMERS” BY BLOOMBERG. IN THIS ROLE, HE MANAGED THE FUND’S LAUNCH, ORIGINATED AND EVALUATED PORTFOLIO POSITIONS, CONDUCTED EXTENSIVE INDUSTRY RESEARCH AND DUE DILIGENCE, CREATED AND MAINTAINED STRONG RELATIONSHIPS WITH COMPANY MANAGEMENT TEAMS, AND MANAGED OUTREACH TO BUY-SIDE AND SELL-SIDE ANALYSTS.

    PREVIOUSLY, EMANUEL WAS VICE PRESIDENT IN THE INVESTMENT BANKING DIVISION AT COLLINS STEWART, LLC (FORMERLY C.E. UNTERBERG, TOWBIN LLC), WHERE HE LED THE ORIGINATION, EXECUTION AND MARKETING OF A WIDE RANGE OF PUBLIC AND PRIVATE EQUITY OFFERINGS AND M&A TRANSACTIONS. EARLIER IN HIS CAREER, EMANUEL WAS VP OF GLOBAL OPERATIONS AT FN HOLDINGS IN MOSCOW, RUSSIA. HIS RESPONSIBILITIES THERE INCLUDED GLOBAL OPERATION OF THE FOUR DIVISIONS WITHIN THE HOLDING COMPANY, MANAGEMENT OF THE 1,000-PERSON WORKFORCE AND DAY-TO-DAY OPERATIONS, AND STRUCTURING OF PRIVATE EQUITY INVESTMENTS.

    EMANUEL RECEIVED HIS BACHELOR OF SCIENCE DEGREE IN ACCOUNTING FROM BABSON COLLEGE.

Contact

Spandrel Development Partners, LLC

205 EAST 42nd STREET

NEW YORK, NY 10017


Charleston Office:
174 Meeting St. Suite 200
Charleston, SC 29401


646.747.2200


INFO@SPANDRELDEVELOPMENT.COM

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