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.
Spandrel Development Partners currently has a portfolio of active, institutional grade, mid-rise projects throughout the Southeast.
Ian Levine, Co-Founder of SDP, specializes in property and asset management, operational and financial oversight, as well as construction and funding monitoring of mid and large-scale projects having completed and consulted on projects valued in excess of $2 billion.
At SDP, Mr. Levine is responsible for overseeing project budgets, design feasibility, marketing and branding efforts, corporate and project insurance review and procurement, lender relations, construction process, procurement, and oversight as well as preparing requisitions and financing contingencies for investors and financial institutions. Prior to co-founding SDP, Mr. Levine 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 RAL Companies And Affiliates, LLC a developer of luxury apartment, condominium and resort communities nationwide, Mr. Levine provided asset management, operational and financial oversight of multiple mid and large-scale projects which 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.
Mr. Levine has been a 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. Mr. Levine received a Bachelor of Science Degree in Business Administration from Babson College.
Emanuel D. Neuman, Co-Founder of Spandrel Development Partners, LLC oversees the firm’s investment strategy, deal origination, transaction underwriting and community engagement. Prior to co-founding Spandrel in 2013, Emanuel spent over a decade of experience in investment banking, investment management and business operations.
Throughout his career, he has advised and invested in transactions valued at more than $1 billion. At Spandrel Development, Emanuel 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.
Peter Cocchia brings more than 25 years of Chief Financial Officer leadership and financial management experience in both public and private construction and development companies. Peter was most recently the regional Chief Financial Officer of Tutor Perini Building Corp, a wholly-owned subsidiary of Tutor Perini Corporation (NYCE: TPC), one of the nations largest civil, building and specialty construction companies. Prior to Tutor Perini, Peter was Chief Financial Officer of Keating Companies, a large, diversified construction management and real estate development firm.
Peter is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and Pennsylvania Institute of Certified Public Accountants. He is also a Certified Construction Industry Financial Professional (CCIFP) and a member of the Construction Financial Management Association (CFMA). Peter earned a Bachelor of Science of Accounting from Villanova University.
Jay Stasi serves as Vice President of Construction for Spandrel Development Partners. Jay brings extensive construction experience and a results-oriented approach to his role and works directly with the Principals to manage all aspects of the development and Construction process.
Prior to joining Spandrel Development, Jay worked with RXR Realty, Mill Creek Residential Trust, Madison Realty Capital, and as an owner’s representative for RedSky Capital. In Jays 15 plus years of construction experience he oversaw a wide variety of product types including high-rise condominiums, wood framed apartments and value add conversions. Jay was responsible for several million square feet of pre-development and pre-construction, as well as on-site management of several residential and commercial build-outs, including 1 Whale Square and 241 Bedford Avenue both in Brooklyn, NY. His expertise involves overseeing outside GCs/CMs and subcontractor buyouts, scheduling, contract negotiations and on-site performance to ensure construction was completed in the fastest and most cost-effective manner.
Jay holds a B.A. in History and a M.S. in Construction Management from Stevens Institute of Technology, along with various other certifications.
Ben Scharf rejoined Spandrel Development Partners, LLC as an Associate focused on Acquisitions and Development in 2019 after previously working as an Analyst at Spandrel in 2017 while completing his Master’s degree.
At Spandrel Development Partners, Ben is responsible for underwriting investment opportunities and performing market due diligence for new development opportunities in both existing and new markets. He works directly with the firms’ Principals in sourcing and structuring financing throughout the capital stack as well as staying an active member throughout the development process.
Prior to joining Spandrel Development Partners, Ben worked as an Analyst at Tishman Speyer. At Tishman Speyer, Ben was primarily focused on asset management of the 7+ million square foot Rockefeller Center. In this role, Ben was responsible for performing asset valuations for partners, underwriting the financial feasibility of hundreds of millions of dollars of capital improvement projects, and underwriting large-scale lease transactions in excess of 100,000 square feet. Prior to Tishman Speyer, Ben worked at Ackman Ziff in their debt and equity advisory business underwriting office, retail, and multifamily transactions across the US. Ben started his career as an Investment Banking Analyst at PJ Solomon where he was focused on M&A and restructuring transactions.
Ben received his Master’s of Science in Real Estate Finance with distinction from New York University’s Schack Institute of Real Estate. Ben graduated cum laude and with high honors from Duke University with a Bachelor of Arts Degree.