Jason Halpern grew up in a family that has been involved in the real estate development industry for decades. He founded his own real estate, JMH Development, in 2010 that he uses to invest in luxury property developments in New York City and Miami, Florida. One of the core philosophies that Jason Halpern has is history preservation. JMH Development uses adaptive reuse technologies and building practices that keep the character of the historic building they repurpose while updating the buildings for the modern world.
At JMH Development, Mr. Halpern has put in place industry experts that are involved in all stages of the redevelopment process. The team researches buildings and creates strategies on everything from site to building design. The company is also involved in construction, branding, and marketing of the finished building. The types of properties that Jason Halpern works on are residential, hospitality, and mixed-use properties.
One of Mr. Halpern’s recent property redevelopments was the Aloft South Beach hotel in Miami, Florida. This hotel, redeveloped in partnership with Madden Real Estate Ventures, re-used the Motel Ankara which is considered a historical building. The redevelopment completely upgraded the existing building while also adding a new 8-story tower to the property. When talking about the property, Jason Halpern said he was excited about the project as it marked a breakthrough in adaptive reuse construction techniques. In September 2016, Jason successfully sold the Aloft South Beach to Rockpoint group for $105 million. As the hotel has 235 rooms, that works out to about $447,000 a room.
Another recent project of Jason Halpern and his team at JMH Development is a building that had been a warehouse on the Brooklyn waterfront. The building used to house The Austin Nichols Company which was the largest grocer in the nation. Mr. Halpern has redeveloped the building into 340 unit luxury apartment building. Due to the use of adaptive reuse, the character of this building has remained which was a requirement as it is listed on the National Register of Historic Places. Among the many luxury touches throughout the building is a 20,000 square foot landscaped courtyard. It also has a state-of-the-art gym and a 10,000 square foot space for gatherings. Additionally, the property now includes 17,000 square feet of retail space along the ground-based level.
Another featured luxury development of JMH Development is The Townhouses of Cobble Hill in Brooklyn, New York. The project included the construction of nine luxury townhouses and is located in one of Brooklyn’s most prestigious neighborhoods. Four of the townhomes were historical and they have been completely modernized while the other five townhomes are brand new. The homes come completely furnished, including designer furniture and high-end appliances.