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Interview: Eran Polack of HAP Investments on ‘Healthy Competition’ & Emerging Markets for New Developments

Eran Polack is the CEO and Co-founder of HAP Investments, a residential and commercial real estate development firm that is building all over New York City (and the world). With projects in Harlem, Jersey City, Tribeca, and Chelsea, Polack explains the benefits of...
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Gold Coast Executives Make Their Plea To Keep Tax Incentives

Facing job growth numbers that lagged behind the national average, former Gov. Chris Christie revamped New Jersey’s tax incentive programs for development and job creation in 2013. The Grow NJ program, which gives incentives to companies either moving into or...
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HAP files plans for 41-unit condo development in Tribeca

Eran Polack’s HAP Investments filed plans Thursday for a 41-unit, 19-story condo project in Tribeca. The building will span slightly more than 77,000 square feet, split between about 74,000 square feet of residential space and 3,000 square feet of commercial space,...
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Tribeca will get a new 19-story condo

Six months after developer HAP Investments put down $46 million on a corner site in Tribeca, plans have emerged for a 19-story condo building to be designed by CetraRuddy. YIMBY first reported on the development plans, which will see the creation of 41 condos at the...
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Permits Pre-Filed, Rendering Out For CetraRuddy-Designed 65 Franklin Street, Tribeca

Permits have been pre-filed for a 19-story high-rise at 65 Franklin Street in Tribeca, Manhattan. The site is right on the corner of Franklin and Broadway, less than five blocks from the 1, 2, 6, N, Q, R, W, J, and Z trains, and seven blocks from the City Hall Park....
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Unlocking Potential in New York’s Emerging Submarkets

Eran Polack, co-founder & CEO of HAP Investments, analyzes investment opportunities in the metro. He also touches on the reasons behind Northern Manhattan’s transformation into a fast-moving real estate market.   Greater New York continues to be a...
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The top 10 biggest real estate projects coming to NYC

A mixed-use affordable housing development in the Bronx was the largest project filed with the city in May. Jorge Madruga’s Maddd Equities is planning a roughly 274,000-square-foot development at 1164 River Avenue. The 17-story building will contain 250 affordable...
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The most affordable neighborhoods in New York City: A 2018 buyer’s guide

It’s always a battle for affordability in New York City. As the luxury real estate market cools, buying into some of the city’s less expensive neighborhoods continues to get more and more competitive by the minute. Case in point: Neighborhoods in Queens, long...
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“Follow the Artists” to New Development Opportunities

Daren Hornig’s father gave him development advice which the younger Hornig (pictured) wishes he’d followed from the get-go. He passed along his father’s wisdom in the “Boroughs on Fire: The Development Boom Outside Manhattan” panel at the recent Connect New York...
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Apartment Builders Gearing Up To Benefit From Construction Slowdown

Residential construction in New York City has slowed significantly since 2016’s cracking pace, and multifamily developers say it is a welcome development that will help soak up supply. “I expect construction prices to fall off a cliff in 2019 and 2020. It’s a good...
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How to Make Money in New York City: Part 1

  Everyone wants to invest in NYC commercial real estate (the Mets won’t spend on a shortstop unless he’s also an office tower). There’s no sweeter time in history than now for Bisnow to host its NYC Capital Markets Summit, happening April 9... read more

$400 million, 42-story tower set for Journal Square

A New York developer is promising yet another tower for Journal Square in Jersey City, an estimated $400 million project that could contain a hotel, offices or housing units and ground-floor retail. Dubbed HAP Tower, this is the fourth major project proposed for the... read more

Bascom Buys 222 Units in Las Vegas

The Bascom Group picks up a Vegas apartment asset for $22.5 million; Greystone closes $59.3 million for a multifamily portfolio in Texas; and HAP Investments is in contract to buy a downtown site in Jersey City, N.J. Las Vegas—The Bascom Group has picked up Chapel... read more

New Developer in Town

Eran Polack has access to Israeli, Italian, and French wallets and plans to build 500 to 800 ground-up multifamily units a year. We snapped HAP Investments CEO Eran Polack (his partners areAmir Hasid and Nir Amsel) at his firm’s office across from the Empire... read more