PRESS | HAP

Construction Tops Out On Maverick At 215 West 28th Street In Chelsea

3rd February 2020 | New York Yimby, Press Articles

Construction has topped out on Maverick, a two-building, 210-foot-tall residential project at 215 West 28th Street in Chelsea. Located between Seventh Avenue and Eighth Avenue, the 20-story development is designed by DXA Architects and being developed by HAP...

HAP Investments Tops Out Manhattan Project

3rd February 2020 | Multi-Housing News, Press Articles

Maverick Chelsea will bring 200 apartment and condo units to the former Fur District south of Penn Station.HAP Investments has topped out on a 20-story residential property that will add roughly 200 condo and apartment units to Manhattan’s high-end Chelsea...

Construction Reaches Halfway Mark on 215 West 28th Street in Chelsea

25th November 2019 | New York Yimby, Press Articles

Construction has reached the first setback on HAP Eight at 215 West 28th Street in Chelsea. The 20-story, 210-foot-tall residential project is being designed by DXA Architects and developed by HAP Investments, and consists of two separate buildings spanning over...

Maverick Chelsea: Hybrid rental-condo towers by HAP/DXA Studio goes vertical

7th October 2019 | CityRealty, Press Articles

Construction has moved above grade on HAP’s sizeable new Chelsea condo-rental offering at 215-229 West 28th Street. Now officially minted Maverick Chelsea (formerly known as HAP Eight) by the young investment firm, the nearly 300,000-square-foot project aims to...

HAP’s Growth: An Interview with Andrea Lawrence, General Counsel and Deputy CEO, HAP Investments

1st July 2019 | LEADERS Magazine

Prior to joining HAP Investments, Andrea Lawrence was a partner at several prestigious New York law firms, where she focused her practice on commercial real estate litigation and transactions. Lawrence is a contributing author to two preeminent legal treatises on real...

HAP Investments pitching East Harlem rental portfolio as $130M upside play

28th June 2019 | The Real Deal

With the new rent regulations having taking effect, Eran Polack sees an opportunity to sell a mostly market-rate portfolio at a premium.His company, HAP Investments, is looking to sell four multifamily rental buildings in East Harlem for a combined price of just over...

HAP Investments lands $55M loan for East Harlem building with rent-stabilized units

24th June 2019 | The Real Deal

UPDATE Monday, June 24, 2019, 7:25 p.m.: Eran Polack’s HAP Investments closed on a $55 million refinancing of a rental building in East Harlem less than a week after sweeping rent regulation reform was passed by the state legislature.Asia Capital Real Estate, a...

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...

New CFO for HAP Investments

Jul 10, 2017 | Connect Media Real Estate

Yehuda Kestenbaum has joined HAP Investments as Chief Financial Officer “Yehuda’s comprehensive knowledge and dedication will ensure that deadlines are met and budgets managed effectively to ensure strategic results,” said Eran Polack, CEO of HAP. Kestenbaum joins HAP...

329 Pleasant Ribbon Cutting

Jun 29, 2017 | Videos

The ribbon cutting ceremony for 329 Pleasant Avenue in East Harlem New York.

HAP fundraising in Israel for Jersey City apartment tower

Jun 20, 2017 | Real Estate Weekly

HAP Investments has raised $6.8 million for its planned Jersey City project, HAP Tower Journal Square. The money was raised through a private placement in Israel of 544 participation units, each valued at $12,500. These units cannot be traded and are not listed for...

HAP taps Israeli market to help finance Jersey City tower

Jun 14, 2017 | Real Estate Finance & Investment

HAP Investment Group has raised $6.8m from a private placement in Israel to help finance the development of an 800-unit tower in Jersey City, New Jersey. The New York-based investment and development company expects to complete another, similar deal as it puts...

Karim Rashid’s colorful East Harlem rentals debut from $2,500/month

Feb 14, 2017 | Curbed New York

Three years after Karim Rashid’s wacky East Harlem rental broke ground, the development is nearly ready to welcome residents. Listings for eight of its 20 units appeared on StreetEasy yesterday, ranging from a $2,500/month studio to a $4,500/month one-bedroom. (The...

Here’s what the $10M-$20M NYC investment sales market looked like last week

Feb 13, 2017 | The Real Deal

In the world of mid-market New York City investment sales last week, HAP Investments completed their West 28th Street assemblage with the purchase of a six-story tenement and Sugar Hill Capital Partners sold off four Brooklyn walk-ups. 1.) Eran Polack’s HAP...

HAP Investments refinances mixed-use Broadway project

Jan 24, 2017 | Real Estate Weekly

Gamma Real Estate has closed on senior debt financing for HAP Investments LLC on an Upper Manhattan parcel where HAP will construct a residential and retail property. The $11.5 million loan is for a 24,117 s/f development site at 4452 Broadway in the Hudson Heights...

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...

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