About
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Our Company
Bowery Development Co. was established to develop well-located multifamily housing through a disciplined, execution-focused approach to acquisition, design, and construction.
Experience includes overseeing developments totaling more than $250 million in construction costs and over 390 apartments.
Services
Property Acquisition
Site selection is critical to the success of a project. Bowery Development Co. evaluates potential development sites based on constructibility, demographics, market conditions, and the local regulatory environment.
Once a site is identified, Bowery Development Co. conducts thorough due diligence, scrutinizing aspects like title concerns, zoning regulations, and soil suitability to identify and mitigate potential risks.
Design
From the onset of the design phase, Bowery Development Co. establishes design criteria and provides continual feedback on drawing sets. Leveraging its substantial expertise in managing multifamily properties, Bowery Development Co. is able to deliver essential insights on design elements such as features, finishes, and assemblies providing value through enhanced rents and reduced expenses.
Approvals
Development projects must undergo an extensive governmental review and approval process. Bowery Development Co. guides projects through the approval process by coordinating the design team, working with regulatory agencies, and securing approvals that align with underwritten expectations.
Development & Construction
Once underway, a project requires close supervision. Bowery Development Co. coordinates closely with construction and design teams and regularly inspects the site to ensure quality of construction and conformance to the plans
Bowery Development Co. will prepare the project for launch by developing a marketing program, on-boarding leasing and property management teams, and coordinating construction sign-offs.
Property Acquisition
Site selection is critical to the success of a project. Bowery Development Co. examines hundreds of potential development sites, considering factors such as constructibility, demographics, market conditions, and the regulatory environment before making a decision.
Once a site is identified, Bowery Development Co. conducts thorough due diligence, scrutinizing aspects like title concerns, zoning regulations, and soil suitability to identify and mitigate potential risks.
Design
From the onset of the design phase, Bowery Development Co. provides design criteria, assesses drawing sets and annotates plans. Leveraging its substantial expertise in managing multifamily properties, Bowery Development Co. is able to deliver essential insights on design elements such as features, finishes, and assemblies with the aim to drive rent and reduce operational expenses.
Approvals
Development projects must undergo an extensive governmental review and approval process. Bowery Development Co. guides projects through the approval process by collaborating with regulatory agencies, anticipating critiques related to design and functionality, and delivering a final outcome that aligns with investor expectations while also listening to and incorporating feedback from community stakeholders.
Development & Construction
Once underway, a project requires close supervision. Bowery Development Co. hosts regular coordination meetings with construction and design team members and performs site inspection to ensure quality of construction and conformance to the plans.
Bowery Development Co. will prepare the project for launch by developing a marketing program, on-boarding leasing and property management teams, and coordinating construction sign-offs.
Current Work
The Alistair
The Alistair is a 72-unit multifamily development in Lancaster, PA, completed in 2024. Bowery Development Co. served as developer, managing the project from acquisition through construction. Constructed in a historical district, special consideration was paid to complement the community character. The project features amenities such as a fitness center and rooftop lounge while units contain premium finishes including Caesarstone quartz counters and Samsung appliances.
540 Waverly
540 Waverly, completed in 2022, is a full service luxury apartment community located in Brooklyn's trendy Clinton Hill neighborhood. Constructed with a poured-in-place concrete superstructure and a cantilever over sensitive telecom infrastructure, the project presented significant technical challenges. The building features a mix of market rate and affordable units and has achieved its projected rents. This project was developed under The Daten Group prior to the establishment of Bowery Development Co.