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Posted: December 22, 2014
Stephen Kliegerman, Halstead Property Development Marketing, LLC
What was the best thing that happened to you or your firm in 2014?
Being named the second largest new development firm in the city is very exciting for Halstead Property Development Marketing! I have tremendous respect for our competition and having leaped from sixth to second in three years is an outstanding accomplishment and tribute to my dedicated team.
What was your most notable project, deal, transaction or personal achievement in 2014?
Personally, completing my first Sprint Triathlon back in January was truly inspiring for me and I hope to improve on my time at this year's Triathlon. On a professional level, I would say that working with Xin Development on the Oosten would have to be among my greatest achievements.
Xin is one of China's largest developers. They are the first China-based developer to enter the residential market in New York City and to have them entrust their entry into this market to my team is a tremendous achievement. Also, we're currently more than 80% sold at 540West, an exciting new condominium project in Hell's Kitchen located at 540 West 49th St. We're bringing 110 new homes to the neighborhood, with move in's planned for early next year.
What are you looking forward to accomplishing in 2015?
In 2015, we plan on continuing our strategic growth in the Manhattan, Brooklyn and Queens markets and adding new noteworthy clients to our portfolio. I also look forward to robust sales at all of our upcoming developments and pushing the envelope with our development partners to offer new concepts in architectural design, materiality and amenities.
What are some of your real estate predictions for 2015?
I believe you will see some developers begin to offer a more diverse unit mix adding much needed one and two bedrooms to the Manhattan market. In addition, I see Brooklyn continuing to lead the market in absorption as more and more people take note of the high quality of developments being built and the relative value to Manhattan continuing to be strong.
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