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Gid development group
Gid development group











gid development group
  1. #Gid development group upgrade
  2. #Gid development group professional

Hughes holds an MBA from the University of Michigan, an MS in Real Estate from NYU, and a BA in Economics from Wesleyan University. Our divisions specialize in development, acquisitions, real estate funds, international real estate investing, hedge funds, portfolio and asset management. Hughes gained experience across the real estate industry-he worked in commercial mortgage brokerage at Ackman-Ziff, in real estate investment banking at JP Morgan, in distressed debt investment at Lane Capital and in affordable housing / LIHTC syndication at Centerline Capital Group. In addition to evaluating and closing new investment opportunities at AIG, he also was involved in monitoring the construction, marketing, lease-up and sales of several developments across the East Coast, including One North Fourth Place, a 509-unit, $280 million development project on the waterfront in Williamsburg, Brooklyn and One Brooklyn Bridge Park, a 438-unit condominium development with 70,000 SF of retail space and a 500-space parking garage.

  • 301 East 50th St: A 57-unit, $139 million condominium development in Manhattan.
  • 1711 First Ave: An 81-unit, $230 million condominium development in Manhattan.
  • The Edge Phase 2: A 554-unit, $425 million multifamily development in Brooklyn.
  • Hughes worked as an Acquisitions Associate with the Global Real Estate Group at AIG, where he invested in the ground-up development of over $1 billion worth of real estate, including the following notable New York City development projects: As a part of the Waterline Square team, he was involved in various aspects of the development process, including financing, design and construction, marketing, sales and leasing. Average rents are expected to rise about 1.9 percent this year, according to Yardi Matrix data.Padraig Hughes is a Vice President with GID Development Group. Still, the increased construction led to an occupancy drop of 90 basis points on stabilized properties resulting in an occupancy rate of 92.7 percent as of July. All the activity helped the multifamily market with more than $5.1 billion in assets trading hands last year, setting a new record.įollowing two years of intense development, the rate of deliveries has moderated.

    #Gid development group upgrade

    Other big projects include a $1.2 billion upgrade to the area’s airport and a 37-acre expansion of the Texas Medical Center. Hit hard by Hurricane Harvey in 2017, about half of the 239 projects planned under Harris County’s $2.5 billion flood bond package are underway, according to Yardi Matrix’s summer 2019 multifamily market report.

    #Gid development group professional

    Additions to the professional and business services have helped the slowly recovering office market. Houston gained 82,900 jobs in the 12 months ending in June. Steady employment has improved Houston’s economy and boosted the multifamily market. The 21-story luxury residential building has 290 units. The site is situated across from the Hudson River and Riverside Park South between West 59th Street, West 61st Street, and Freedom Place South. The Sovereign at Regent Square, the first phase and eastern anchor, was completed in 2014. Construction on Waterline Square, a three-tower residential complex from GID Development Group on the waterfront of Manhattan’s Upper West Side, is finally finished. The urban-infill project is the next phase of GID’s multi-phased master plan for Regent Square, which will ultimately span 24 acres along West Dallas Street between College Memorial Park and Waugh Drive. Situated at West Dallas and Dunlavy Streets, the property is steps from Buffalo Bayou Park and the eastern gateway to River Oaks and part of the in-demand Allen Parkway corridor. The property will also have two activated green spaces, a signature water feature, pedestrian promenade and three free-standing restaurants with roof decks. The retail space is expected to be ready for tenants in the first quarter of 2021 and the residential leasing and project completion is scheduled for the third quarter of 2021. Arch-Con is the general contractor and JLL is overseeing retail leasing. The development is designed by CBT, a Boston-based architectural placemaking firm, in conjunction with OJB Landscape Architecture of Houston. The residential building will also have 60,000 square feet of exterior and 16,000 square feet of interior amenity space. The new apartments will have floorplans ranging from studios with separate sleeping alcoves to three-bedroom units.

    gid development group

    The development, slated for completion in 2021, will include 50,000 square feet of retail and public areas including a pedestrian promenade. GID Development Group has broken ground on the eight-acre second phase of its mixed-use Regent Square project in Houston that will feature 600 units of luxury multifamily housing.













    Gid development group