Jacob Frydman – Reviews NYC’s Zoning for Mixed-Use Real Estate

Jacob Frydman notes the special interest and close attention paid by the New York zoning officials to the bullish mixed-use real estate climate. Melissa Mark-Viverito, Speaker of the NYC Council, has recently addressed the growing demand. “We are seeing remarkable interest from a range of companies to build new buildings and retrofit existing buildings in neighborhoods across the City… We need to create the conditions to support this kind of investment,” she urged. In a November, 2014 report, “Engines of Opportunity: Reinvigorating New York City’s Manufacturing Zones for the 21st Century”, Mark-Viverito recommended that zoning officials establish new vertical MX zoning designations. And this past April, the New York City Council approved a modified version of a major planning initiative proposed by Mayor de Blasio that includes mixed residential and commercial use development in East New York and Ocean Hill neighborhoods. The real estate data research firm, AxioMetrics, reports that the Kings County submarket in Brooklyn, NY alone has 23 mixed-use developments in the pipeline for 2013-2021.

Jacob Frydman is a New York-based property expert and consultant who sources and identifies value added investment opportunities. For over 30 years, he has executed and participated in highly complex real estate transactions valued at over $2 billion and spanning over 5 million square feet. A frequent guest on Fox News, Bloomberg TV, CNBC, and other television news outlets, Frydman has also lectured on real estate finance at Columbia University and in the Master’s Lecturer series sponsored by New York Law School. An avid philanthropist, Jacob Frydman devotes much of his time and capital to various charitable organizations, including the National Committee for Furtherance of Jewish Education (NCFJE), Chabad of Dutchess County, and the Brem Foundation of Washington, DC.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – On the Evolution of New High Performance Office Space

Due to the mercurial rise of co-working companies like WeWork and large corporations increasingly turning to freelance work, office developers have recently been forced to adapt in new and innovative ways. New York real estate investor Jacob Frydman recently addressed these unprecedented changes in commercial real estate, including the deviation from traditional workspaces to the development of high performance office spaces that feature flexible leases and impressive amenities.

 

Jacob Frydman has over 30 years of experience in structuring, financing and executing highly complex real estate transactions. Notable achievements of his career include Two Dag Hammarskjöld Plaza, an office condominium tower in midtown Manhattan used by foreign governments for their missions to the United Nations, and redeveloping the Aetna Building in lower Manhattan’s financial district.  An avid philanthropist, he has been a firm supporter of Chabad of Dutchess County, the Brem Foundation to Defeat Breast Cancer, and other organizations.  He generously dedicates much of his time and capital to programs aimed at helping people in struggling communities, and is proud to have recently joined the National Committee for Furtherance of Jewish Education (NCFJE) in support of its Released Time program of Greater New York.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman