PRESS | HAP

HAP Investments secures $94M construction loan for Tribeca condo project

24th May 2019 | The Real Deal

HAP Investments’ first project in Tribeca is moving forward with more than $107 million in financing.The $94 million construction loan for the 41-unit condominium was provided by G4 Capital Partners, the same private lender that provided HAP with a $32 million loan...

Washington Heights vs. Inwood: Which neighborhood is for you?

11th March 2019 | BrickUnderground

According to Duke Ellington’s 1942 signature tune, the A train was “the quickest way to Harlem,” but the jazz legend didn’t mention that the express train was also one of the best ways to get to two other equally historic Upper Manhattan neighborhoods: Washington...

HAP lines up $53M construction loan for Washington Heights project

5th February 2019 | The Real Deal

Eran Polack’s HAP Investments secured a $52.5 million construction loan for a mixed-use development site at 4452 Broadway in Washington Heights.Madison Realty Capital provided the financing package, which will replace existing debt and cover construction costs, the...

Expert Interview: Eran Polack, CEO and Co-Founder of HAP Investments

30th January 2019 | Property Shark, Uncategorised

For our latest Expert Interview, we had the opportunity to speak to Eran Polack, CEO and Co-Founder of HAP Investments. Eran is a well-recognized entrepreneur with a long, successful career in the real estate industry even before moving to the United States in 2011. A...

Foundation Work Continues For “HAP Eight” At 215 West 28th Street, In Midtown

8th January 2019 | New York Yimby

Caisson pilings and ongoing foundation work have been spotted for the site of 215 West 28th Street, on the northern edge of Chelsea. Dubbed, “HAP Eight,” the project is set to stand 20 floors and 210 feet when complete. Comprised of two adjoining buildings, the site...

‘Devil In The Detail’: Brokers, Developers Trying To Figure Out Opportunity Zone Benefits, Pitfalls

14th December 2018 | Bisnow

The brand-new opportunity zones are shaping up to be one of the biggest trends to impact commercial real estate next year. But the program is uncharted territory, and investors and developers are being told to tread carefully if they want to make use of the...

East Harlem Boosted by Rezoning, Tax Breaks

13th December 2018 | Bloomberg

Opportunity zone incentives seen fueling low-return projects Weak Northern Manhattan sales gain against borough’s total At the corner of Lexington Avenue and 125th Street in East Harlem, in front of a closed Pathmark grocery -– “Pat ark” is all that remains of...

East Harlem boosted by rezoning, tax breaks

13th December 2018 | Crain's New York Business

At the corner of Lexington Avenue and 125th Street in East Harlem, in front of a closed Pathmark grocery —“Pat ark” is all that remains of the name — real estate broker John McGuinness paints a vision of the near future. The Pathmark transforms to a Trader...

NYC Real Estate Investment Outlook and Opportunities For 2019 from HAP Investments CEO Eran Polack

10th December 2018 | Press Articles

As 2018 comes to an end, many real estate developers and investors are looking toward the new year and considering what challenges and opportunities are in store for the industry, and the best way to navigate the New York City metropolitan market. Will land pricing...

Thru the Lens: Lawrence of HAP Investments addresses B’nai B’rith Real Estate monthly luncheon meeting

13th November 2018 | New York Real Estate Journal

Manhattan, NY Andrea Lawrence, deputy CEO and general counsel, HAP Investments, addressed the B’nai B’rith Real Estate monthly luncheon meeting, October 10th, at the Cornell Club. Her topic was “Inside HAP Investments.” VIEW ORIGINAL...

421-a: Affordable New York

Jan 24, 2017 | HAP Blog

421a is making a comeback – with a new name. Dubbed “Affordable New York,” Governor Andrew Cuomo has sent the revamped plan to the state legislature for final approval. The real estate community and labor unions have eagerly agreed. The new deal would create 2,500 new...

HAP Ten Topping Off Celebration

Nov 4, 2016 | Videos

A look at the ceremony and celebration of HAP Ten's superstructure topping off on Friday November 4th, 2016.

Owners Magazine 2016

Oct 19, 2016 | Featured Articles, The Commercial Observer

Eran Polack Chief Executive Officer and Co-Founder of HAP Investments What project currently under development will most transform New York City? (And why?) I don’t think there is one project that is transforming the city. Instead I see several projects continuing the...

A FRESH Approach to a Zoning Bonus

Oct 10, 2016 | HAP Blog

By Katie Poppe | Investor Relations associate In 2008, the City’s Economic Development Corporation and The Department of Health joined forces to assist the Department of City Planning in a study researching the need for supermarkets and the availability of fresh food...

HAP files plans for second building in Chelsea resi project

Sep 19, 2016 | The Real Deal

HAP Investments is moving ahead with plans for the second property in its two-building Chelsea residential project at 215-227 West 28th Street. Plans filed with the city’s Department of Buildings on Saturday show the 20-story apartment building, located at 225-227...

HAP scores $42M in funding for Chelsea rental-condo project

Sep 12, 2016 | The Real Deal

Plans for a mixed-use development in Chelsea are one step closer to reality, with HAP Investments securing $42 million in financing for its project at 215-227 West 28th Street. The $42 million in financing came from Daiwa House Texas, a subsidiary of Daiwa House...

Why Affordable Housing?

Aug 25, 2016 | HAP Blog

Many people from Europe, the Middle East and Asia invest in New York City real estate and perhaps think that all New Yorkers live in condos with views of Central Park, a doorman and a couple of guest bedrooms. In fact, that exists in only a slice of the city, the...

Welcome to HAP New York

Aug 3, 2016 | Videos

Join us as we explore and innovate emerging neighborhoods in the New York City Metro area.

Executive Moves – Lee Karlin

Jul 14, 2016 | Crain's New York Business

Lee Karlin NEW HIRE Published on July 14, 2016 Lee Karlin joined HAP Investment Developers as Senior Vice President of Design and Construction. He was formerly Senior Vice President of Technical Services at Tishman Hotel and Realty Corporation. Job Title Senior Vice...

HAP Investments seeks $60M in EB-5 funding for Chelsea rental-condo project

Jun 21, 2016 | The Real Deal

HAP Investments – which has cycled through multiple designs for a planned rental-condominium development in Chelsea – is now seeking $60 million from EB-5 investors for the project. Eran Polack’s development firm is tapping the popular visa program, which awards a...

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