10B — November 22 - December 12, 2019 — Construction Management & Design Build — Owners, Developers & Managers — M id A tlantic
Real Estate Journal www.marej.com
Construction Management & Design Build
EW YORK, NY — Time Square De- velopment Group At 1215 Fulton Street in Bedford Stuyvesant, Brooklyn Time Square Development Group&Time Square Construction Collaborate on Co-Living Project N property, as well as 10 Halsey St. and 16 Halsey St., earlier in 2019.
ing together, our Time Square Development and Time Square Construction teams will bring the right balance of expertise to manage all phases of this project as efficiently as pos- sible,” said KevinO’Sullivan , CEO & president of Tower Holdings Group. The new co-living residen- tial and hotel development, which will consist of two 10-story buildings and one 4-6 story building, will include 400-bedroom units, comprised of 2-bedroom units, co-living studios, 3-bedroom units and hotel rooms. The 219,185 gross square foot development will share a common cellar and ground floor plan connecting all three towers as well as the- aters throughout, gym, yoga studio, restaurant and bar, as well as large roof amenity spaces that will offer great views of New York City. Whalen named president and CEO of Cord Meyer Development Company QUEENS, NY — Mat- thew Whalen , who most recently served as senior vice president of development at AvalonBay Communities Inc., has been named president and chief executive officer of Cord Meyer Development Company , one of the oldest and largest developers in the New York metropolitan area. Whalen succeeds Sal Panico, who retired in April of 2019 after 18 years of service to the company and currently serves on the Cord Meyer board of directors. Whalen assumes his leadership position effective October 15, 2019. “Matt brings to Cord Mey- er unprecedented develop- ment expertise and extensive knowledge of the region’s real estate markets,” observed Cord Meyer chief operating officer Anthony Colletti. “He is a highly respected innova- tor who helped transform the residential rental landscape during his impressive two- decade tenure at AvalonBay. With our own history of land- mark development in Queens and Long Island, we look forward to an exciting future with Matt. Our board and ev- eryone at Cord Meyer join me in welcoming him as president and CEO.”
1215 Fulton Street will be one of the first-of-its-kind buildings in New York City and will add co-living to both companies already extensive portfolios, which includes hotel and residential devel- opment. Both Time Square Development Group and Time Square Construction have longstanding reputations for developing and delivering projects, both large and small, on schedule and on budget. “I’m confident that by work-
and Time Square Construc- tion Inc. , each an indepen- dent business integrated into Tower Holdings Group , will partner on the develop- ment and construction of 1215 Fulton Street, a new co-living residential and hotel develop- ment in Bedford-Stuyvesant, Brooklyn. Time Square Development Group and London-based The Collective , one of the leaders in co-living communities, pur- chased the 1215 Fulton Street
1215 Fulton Street rendering
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