Owners Magazine 2016
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
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
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
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?
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
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Executive Moves – Lee Karlin
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
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...
HAP Investments Pays $26.5M for Jersey City Parking Lot
HAP Investments is moving into the New Jersey market having paid $26.5 million for land in Jersey City on which the developer will erect a $400 million-plus, 42-story mixed-use tower, Commercial Observer has learned. The deal, which involved no brokers, closed on June...
Will East Harlem Remain the Caboose on Manhattan’s Real Estate Train?
Excepting a brief post-2008 pause, Manhattan’s housing market has thus far in the new millennium marched so steadily toward unforeseen heights that it can feel like something of a shock to encounter a neighborhood not moving along in lockstep. The natural impulse upon...