Sunday, July 26, 2015

CompassRock (Stuy Town) will manage two all-affordable Atlantic Yards/Pacific Park buildings

According to CompassRock, a real estate management firm that manages Stuyvesant Town/Peter Cooper Village in Manhattan, CompassRock Real Estate LLC Chosen to Manage Two Affordable Buildings at Pacific Park Brooklyn:
New York, NY (July 13, 2015) – Manhattan based property management company CompassRock Real Estate LLC announced today that it has been awarded management of two of the new rental residential developments within Pacific Park Brooklyn (formally known as Atlantic Yards) in Brooklyn, NY. The first of the new developments, 535 Carlton Avenue, is expected to open in the fall 2016, the second; 38 Sixth Avenue is expected to open in early 2017. Both buildings will be 100% affordable and will contain retail and commercial space.
“We are extremely excited to be working alongside such a well-respected partner as Greenland Forest City Partners. The entire CompassRock management team is looking forward to delivering the highest quality service for the owner of the buildings and future residents,” said David Sorise, CompassRock’s Chief Operating Officer.
CompassRock, apparently, will not be managing the luxury condo building coming at 550 Vanderbilt Avenue. Nor has a manager been announced for the 50% affordable/50% market modular building at 461 Dean Street.

From the CompassRock web site:
What We Do
CompassRock Real Estate provides multifamily property management services for approximately 30,000 units in major markets across the United States. We are primarily contracted by institutional owners, lenders and special servicers and manage all levels of apartment communities.
CRRE and the senior management team have developed a strong client list and relationships with many institutional owners, asset managers and financial institutions.
According to the company's web site, CompassRock does not currently manage any buildings in New York City outside Manhattan.

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