Q: Other than that instance, how do you usually find properties to develop? Do you have people that come to you, or do you scout different neighborhoods looking for empty lots?
Yes, most of the time, there are folks that know what were looking for, and what we do, we just sort of sit in the office and pick up our phone and occasionally it rings with something we want to do.
Q: Now as a developer, have you been noticing any sort of building trends within lower Manhattan? For example, larger buys, or more properties being used for luxury housing, more rentals, etc.?
I think were seeing, from neighborhoods, like in downtown, youre seeing the East Village and the Lower East Side, which werent traditionally neighborhoods where you would see new construction of condos and tie-in r entals, and its really exploded. Neighborhoods have really sort of hit a inflection point, where they are absolutely ripe for development, and I think the people who didnt really consider living there five years ago, and certainly not 10 years ago, would be tickled pink to live there.
This is an excerpt from an interview:Jody Kriss, East River Partners - DOWNTOWN Magazine NYC
Q: What about in Brooklyn?
In Brooklyn, our focus is in the brownstone neighborhoods: Park Slope, Fort Greene, Cobble Hill. We keep produ cing relatively small projects, boutique buildings that are on tree-lined, sort of quintessential brownstone blocks. Theres an insatiable appetite for that. You cant fill it, theres no way.
Q: I know you have a lot going on in Brooklyn currently, but do you have any projects ongoing in lower Manhattan?
Absolutely. Weve got a project that were about to complete in the Lower East Side. The East Village. Its at 415 East 6th St. Its really an exciting project. First of all, its landmarked, and were restoring a 100 year old synagogue, and turning it into three residential lots, and the synagogue will remain operational on the ground floor. Were restoring the building and creating a new space for it.
Know more in his interview about Brooklyn property development here or you can check his website About Jody Kriss for more information. Get updates from twitter @Jody Kriss or fromhttps://www.linkedin.com/in/jodykriss
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