GFI Development Company, LLC has successfully developed more than $1 billion of residential, office, retail and hospitality real estate since its inception in 2007. Led by a senior management team, GFI Development Company focuses on opportunistic investments in major metropolitan areas.
The company’s success is directly tied to its ability to identify unique opportunities, envision a new future for the property, and unlock the project’s potential by seamlessly executing development at every stage. GFI Development Company prides itself on delivering projects that benefit the communities in which they are located, while amplifying business partners’ investments by maximizing risk-adjusted returns.
Notable projects include Ace Hotel New York and Ace Hotel and Swim Club Palm Springs, California. Both hotels set benchmarks in their markets for innovative design, food and beverage and retail that revitalized their communities. The recently opened NoMad Hotel at 1170 Broadway has received significant acclaim for its hotel design and restaurant scene, as well as being the first LEED certified hotel renovation in New York. 144 North 8th Street, in Williamsburg, Brooklyn, is a 41-unit condominium development that offers residents unmatched Manhattan and Brooklyn views and a green roof featuring a wildflower meadow and vegetable garden in the middle of one of the most densely populated neighborhoods in New York. The development includes 20,000 square feet of retail space that was carefully curated to enhance the value of the residential building and serve the needs of the neighborhood. GFI Development Company also developed the highly popular Century Vintage in Greenpoint, which melds vintage design with industrial architecture.
Recently, GFI Development achieved a record breaking sale price for 470 Vanderbilt Avenue in Fort Greene, Brooklyn capping off the successful redevelopment and repositioning of the 650,000 square foot commercial office building.
Current GFI Development Company projects include a 347,000 residential development in Fort Greene, Brooklyn, a 120,000 square foot hotel in Downtown Brooklyn and the conversion of 5 Beekman Street in downtown Manhattan into a 287 room hotel and 68 unit residential tower, the latter two of which are co-developed with our hotel affiliate, GB Lodging, LLC.