GFI Development Company is a New York-based real estate developer that focuses on opportunistic projects in major metropolitan areas. Led by a senior management team with over 60 years of combined experience, GFI Development Company has earned the reputation for expertise, innovation, collaboration and outperformance. Since 2007, GFI Development Company has successfully developed over $1 billion of residential, office, retail and hospitality real estate. Currently, GFI Development Company is developing approximately $750 million of residential, hospitality and commercial projects.
The company's success is directly tied to its ability to identify unique project opportunities, envision a new future for the property, and execute the development from start to finish. The company unlocks a project's potential by understanding the market, considering community input, and creating artful developments that fit the neighborhood's style. GFI Development Company believes that assembling the right project team is vital to the success of all of its development projects. By taking a diligent approach in assembling a synergistic project team, consisting of the best and brightest in their respective fields, GFI’s projects have flourished. Through strategic planning, design, and innovation, GFI Development Company seeks to enhance communities by building and developing projects that benefits society while also amplifying our partners’ businesses and maximizing risk adjusted returns.
Notable projects include Ace Hotel New York and Ace Hotel and Swim Club Palm Springs, California. Both hotels set benchmarks in their markets for innovative design, food and beverage and retail that revitalized their communities. The recently opened NoMad Hotel at 1170 Broadway has received significant acclaim for its hotel design and restaurant scene, as well as being the first LEED certified hotel renovation in New York. 144 North 8th Street, in Williamsburg, Brooklyn, is a 41-unit condominium development that offers residents unmatched Manhattan and Brooklyn views and a green roof featuring a wildflower meadow and vegetable garden in the middle of one of the most densely populated neighborhoods in New York. The development includes 20,000 square feet of retail space that was carefully curated to enhance the value of the residential building and serve the needs of the neighborhood. GFI Development Company also developed the highly popular Century Vintage in Greenpoint, which melds vintage design with industrial architecture.
Current GFI Development Company projects include a 660,000 square foot commercial office building at 470 Vanderbilt Avenue in Fort Greene, Brooklyn, a 347,000 residential development in Fort Greene, Brooklyn and the conversion of 5 Beekman Street in downtown Manhattan into a 270 room hotel and 100-plus unit residential tower.
GFI Development Company is an affiliate of GFI Capital Resources, a diversified real estate company that includes property management, commercial investment/sales and financing, mortgage and insurance arms. A long-term approach to developing, owning and managing real estate assets has made GFI Development Company an active member of every community in which it develops.