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 $25 MILLION TO $50 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 – 120+ 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.

Press

    • Latest Development at Levine’s Spandrel Group May. 22. 2013 Read More
    • Spandrel Launches Development Division May. 14. 2013 Read More
    • Spandrel Group Launches Investment and Development Affiliate, Spandrel Development Partners May. 13. 2013 Read More
    • Spandrel Property Services Contracted To Manage The Monarch Condominium Master Homeowner Association Sep. 12. 2012 Read More
    • Spandrel Property Services Tapped to Manage 835 Avenue of the Americas Aug. 14. 2012 Read More
    • The Spandrel Group, LLC opens new office in Larchmont, New York May. 14. 2012 Read More
    • Growing Up In Real Estate-Mann Report Residential May. 01. 2011 Read More
    • Park life gets a boost as two new retailers arrive Apr. 27. 2011 Read More
    • Brooklyn Bridge Park Gets First Retail: Doggy Spa and Wine Store Apr. 25. 2011 Read More
    • One Brooklyn Bridge Park Adds Second Eco-Friendly Amenity-Brooklyn Condos Apr. 19. 2011 Read More
    • Spandrel Property Services Contracted to Manage Remaining Sponsor Units at Carriage City Dec. 06. 2010 Read More
    • Spandrel Property Services Welcomes New Executive Property Manager Vincent Adovasio Oct. 29. 2010 Read More
    • SPANDREL PROPERTY SERVICES PARTNERS WITH PAYLEASE Oct. 05. 2010 Read More
    • New York Real Estate Journal Executive of the Month September 2010 Sep. 02. 2010 Read More
    • New YorkReal Estate Executive Ian Levine Forms The Spandrel Group; Launches Two New Real Estate Ventures Aug. 08. 2010 Read More
    • Firm to Manage Retail Portfolio Aug. 10. 2009 Read More
    • Spandrel Property Services Contracted to Manage Office Property on Long Island Jul. 01. 2009 Read More
    • New York Real Estate Executive Ian Levine forms strategic Alliance with Stribling & Associates Jun. 01. 2009 Read More
    • Spandrel Property Services Contracted to Manage Office Condominium Property Mar. 01. 2009 Read More
    • Real Estate New York 2009 40 under 40 Mar. 01. 2009 Read More
    • RE Executive Levine launches The Spandrel Group Sep. 03. 2008 Read More
    • Opportunities abound for startups in current market Aug. 02. 2008 Read More
    • The Mann Report Commercial Corner May 2008 May. 01. 2008 Read More

Contact

Spandrel Development Partners, LLC

205 EAST 42nd STREET

NEW YORK, NY 10017


646.747.2200


INFO@SPANDRELDEVELOPMENT.COM

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28 Woolfe Street One Brooklyn Bridge Park Tower 270 Canyon Ranch Miami Beach Brookchester Court Loft 25 The Franklin Tower
  • 28 Woolfe Street

    28 WOOLFE STREET IS A TO-BE-DEVELOPED, MIXED-USE PROPERTY THAT WILL CONSIST OF 2 LEVELS OF STRUCTURED PARKING, 8 STORIES OF RESIDENTIAL UNITS AND GROUND FLOOR RETAIL IN THE BOOMING UPPER KING STREET DISTRICT OF CHARLESTON, SC. THE DEVELOPMENT IS BEING DESIGNED AS A HIGH-RISE APARTMENT COMPLEX, COMPLETE WITH PREMIUM FINISHES AND AMENITIES.

    SDP ACQUIRED THE PROPERTY AND HAS SUBSEQUENTLY COMPLETED A REZONING FROM LIGHT INDUSTRIAL TO MIXED USE WITH UNLIMITED DENSITY ALONG WITH A HEIGHT ALLOWANCE OF 100’. THE RESIDENTIAL MIX WILL FEATURE STUDIO, 1 BEDROOM, 2 BEDROOM AND PENTHOUSE UNITS. THE UNITS THEMSELVES WILL BOAST CUSTOM FINISHES COUPLED WITH FULL AMENITIES AND PREMIER SKY DECK WITH FANTASTIC VIEWS OF CHARLESTON’S SKYLINE.

    THE NEW BUILDINGS WILL BE AT THE EPICENTER OF THE VIBRANT UPPER KING DISTRICT OF DOWNTOWN CHARLESTON AND ADJACENT TO THE PLANNED PEDESTRIAN GREENWAY. THE BUILDINGS WILL FEATURE A CLASSIC, ELEGANT RED-BRICK MASONRY AND NEW AGE PANELING THAT IS SPECIFICALLY TAILORED TO COMPLEMENT THE HISTORIC NATURE OF OUR SURROUNDINGS AND NOD TO THE FUTURE.

  • One Brooklyn Bridge Park

    AT OVER ONE MILLION SQUARE FEET AND COSTING $450 MILLION, ONE BROOKLYN BRIDGE PARK IS THE LARGEST RESIDENTIAL CONVERSION IN BROOKLYN’S HISTORY. THE BUILDING INCORPORATES 438 RESIDENTIAL CONDOMINIUM UNITS, 75,000 SQUARE FEET OF RETAIL SPACE AS WELL AS A 500 CAR PUBLIC MANAGED PARKING FACILITY AND 132 FOR SALE CONDOMINIUM SPACES. DETAILED FINISHES INCLUDE CUSTOM ITALIAN KITCHENS, TERRAZZO-TILED BATHS AND HIGH END APPLIANCES TO A FULL RANGE OF AMENITIES INCLUDING A 2,500 SQUARE FOOT TECHNOGYM OUTFITTED FITNESS CENTER THE MUSIC ROOM, CHILDREN’S PLAY ROOM, YOGA STUDIO, GAME/BILLIARD ROOM, GOLF SIMULATOR AND OUTDOOR PUTTING GREEN.

  • Tower 270

    270 BROADWAY WAS THE CONVERSION AND RESTORATION OF THE ARTHUR LEVITT STATE OFFICE BUILDING AT BROADWAY AND CHAMBERS STREET IN LOWER MANHATTAN INTO A COMBINATION OF RESIDENTIAL, OFFICE, AND NEW STREET LEVEL RETAIL SPACE. TOWER 270 ENCOMPASSES CLASS A RETAIL SPACE ALONG BROADWAY AND CHAMBERS STREET, AN OFFICE IDENTITY ON FLOORS TWO THRU SEVEN AND RESIDENTIAL FLOORS FROM EIGHT THE TWENTY SEVEN. THE RESIDENTIAL BUILD OUT WAS PHASED IN CONJUNCTION WITH MARKET DEMANDS WITH FLOORS 8-15 BEING RENTAL APARTMENTS AND SUBSEQUENTLY SOLD AND FLOORS 9-27 ORIGINALLY DESIGNED AS RESIDENTIAL CONDOMINIUM.

  • Canyon Ranch Miami Beach

    HIRED BY LAMCO (LEHMAN ASSET MANAGEMENT CORPORATION), SPANDREL PROPERTY SERVICES WAS RETAINED TO RESOLVE A MULTITUDE OF OPERATIONAL DEFICIENCIES AND STREAMLINE COSTS WITH CANYON RANCH AND THE MULTIPLE HOMEOWNER ASSOCIATIONS.

    SPANDREL PROPERTY IMPROVED OPERATING EFFICIENCIES AT THE THREE BUILDINGS, PREVIOUSLY MANAGED BY SEPARATE HOMEOWNERS ASSOCIATIONS, CONSOLIDATED OVERSIGHT AND MANAGEMENT AND THEN IMPROVED COST ALLOCATIONS, OPERATING EFFICIENCIES AND SERVICES.

    HOMEOWNERS ALSO RECEIVED DETAILED QUOTES AND RECOMMENDATIONS FOR ENHANCED SERVICES SUCH AS GROCERY DELIVERY, BABYSITTING AND DRY CLEANING. SPANDREL PROPERTY INTRODUCED AND TRAINED A NEW PROPERTY MANAGER AND NEGOTIATED REASONABLE SALARIES AND AGREEMENTS FOR ON-SITE STAFF AND SERVICERS, LOWERING COSTS ON EXISTING CONTRACTS IN THE PROCESS.

  • Brookchester Court

    AN AFFORDABLE LUXURY COMMUNITY OF 39 UNITS IN PORT CHESTER, N.Y. BROOKCHESTER COURT OFFERED MODERN ONE, TWO AND THREE BEDROOM APARTMENTS, IN A TRANSIT ORIENTED DEVELOPMENT. DESIGNED WITH THE IDEAL OF GARDEN APARTMENTS IN MIND, THIS PROJECT ALSO INCORPORATES CONVENIENCES NORMALLY ASSOCIATED ONLY WITH LARGER RESIDENTIAL COMPLEXES, SUCH AS UNDERGROUND PARKING GARAGES, HANDICAPPED ACCESSIBILITY TO ALL FLOORS, AND BEAUTIFULLY LANDSCAPED COMMON RECREATION AREAS FOR ITS RESIDENTS.

  • Loft 25

    LOFT 25 WAS A UNIQUE ADAPTIVE REUSE OF A 1918 INDUSTRIAL LOFT BUILDING IN CONJUNCTION WITH A NEWLY CONSTRUCTED SEVEN STORY ADDITION ALL GLASS FACADE SLIVER BUILDING. SITUATED IN THE HEART OF CHELSEA’S GALLERY DISTRICT LOFT 25 WAS DESIGNED WITH OPEN FLOOR PLANS AND HIGH CEILINGS CREATING A TRUE VOLUME EXPERIENCE. EACH RESIDENCE FEATURES OVERSIZED WINDOWS, SOARING CEILINGS AND SPACIOUS LAYOUTS. AMENITIES INCLUDE A GYM, SCREENING ROOM, LANDSCAPED ROOF TERRACE, AND A DRAMATIC LOBBY THAT OPENS ONTO A ZEN GARDEN AND REFLECTING POOL.

  • The Franklin Tower

    COMPLETED IN 1999 THE FRANKLIN TOWER IMMEDIATELY BECAME ONE OF THE MOST SUCCESSFUL DEVELOPMENTS IN TRIBECA. COMPRISED OF 130,000 SQUARE FEET AND 25 FULL AND HALF FLOOR UNITS IT SET A NEW LUXURY STANDARD FOR TRIBECA CONVERSION PROJECTS. DESIGN FEATURES INCLUDED CUSTOM ITALIAN IMPORTED KITCHENS AND CLOSETS IMPORTED HARDWOOD FLOORS, AND SPACIOUS LAYOUTS.