Manhattan, NY Fried Frank’s Melanie Meyers was a featured guest panelist on WX NY Women Executives in Real Estate’s most recent deal series, WX Does Deals: Greenpoint Landing.
The discussion highlighted the 22-acre development along the East River in Greenpoint, Brooklyn, which is being master-developed by Park Tower Group and involves joint-venture development partnerships with Brookfield Properties, Rockefeller Group and L&M Development Partners.
This WX NY members-only event offered an opportunity to learn about the history of this site – from lumber yard to sludge tanks to deal closings during COVID, all while coordinating with city, state and federal agencies.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,