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About Spandrel Development

Spandrel Development Partners (SDP) is a New York City-based real estate development and investment company that specializes in multi-family condominiums and rental properties. As part of its core business model, SDP pursues opportunities for conversion, capital improvements and ground-up development, focusing on targeted U.S. markets with strong and growing economic and demographic characteristics. SDP will actively source opportunities in select metropolitan markets within North Carolina, South Carolina, Louisiana and Tennessee.

SDP is committed to building aesthetically pleasing, affordable luxury properties that feature environmentally conscious elements and offer exceptional customer services. The firm is actively engaged in developing a portfolio of mid-size properties in the range of $20 million to $40 million.

SDP principals bring a combined 25 years and over $2 billion of real estate and finance experience to the firm.

Spandrel Development Mission

SDP and its principles aim is to harness the growth of the markets in which we develop while building long-standing relationships with the local community. We value these relationships as much as our projects, striving for consistent and open communication with our partners. Accountability and profitability are the core tenets onto which we operate and grow our business.

Team Bios

  • ian_levin

    Ian Levine CO-FOUNDER

    Ian Levine is co-founder of Spandrel Development Partners (SDP), a New York City-based real estate development and investment company that specializes in multi-family condominium and rental properties situated in strategic markets nationwide. In addition to overseeing SDP, Levine is also the founder and president of the Spandrel Group, an affiliated property and asset management company founded in 2000. The Spandrel Group manages over three million square feet of corporate and third-party-owned assets.

    Apart from his duties at SDP and the Spandrel Group, Ian is chief operating officer and chief financial officer at the family-owned R.A.L. Companies & Affiliates ( , a developer of luxury apartment, condominium and resort communities nationwide. In this capacity, Ian provides operational and financial oversight of multiple mid- and large-scale projects valued in excess of $800 million 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 mangement. He also served as assistant to the director of field operations at Maintenance 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.


    With over a decade of experience in investment banking, fund management and business operations, Emanuel D. Neuman is a co-founder of Spandrel Development Partners (SDP). Throughout his career, he has advised and invested in transactions valued at more than $1 billion. At SDP, Neuman leverages his financial expertise and long-standing relationships to filter, analyze and finance the company’s projects.

    Prior to the launch of Spandrel Development Partners, 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 $20 million in private equity investments.

    Emanuel received his Bachelor of Science degree in Accounting from Babson College.


    • 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
    • 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



NEW YORK, NY 10013





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