Category Archives: Real Estate Market

Jason Halpern, the Driving Force Behind JMH Development

Home | Real Estate Market | Jason Halpern, the Driving Force Behind JMH Development

Jason Halpern is the founder of JMH Development, a full-service real estate development company which builds distinctive properties that fall into the luxury category. They handle all phases of the building from the planning stage, the design of the building, developing the site and the construction. Then it’s on to the marketing of the project. The companies professional team are experts in the development process which cover residential, mixed use property and hospitality segments.

jason-halpern-milana-makeeva-richard-guaty2-1060x705

JMH believes in giving their customers the highest quality along with enduring properties. They also focus on historic preservation by using projects that can be adapted for reuse as well as the restoration of historic properties.

jason-halpern-love

Jason’s dad, founder of Halpern Enterprises in Westchester is where he started his career in real estate and launched JMH in the later 1990s. Jason is well known in Brooklyn for his work on several projects, one of which is a warehouse he converted into a luxury rental apartment complex boasting 340 apartments. He later sold this project to Kushner Co., LIVWRK, and the Rockpoint Group for $275 million. He is finishing the Townhouses of Cobble Hill, again in Brooklyn, a project that has renovated four historic townhomes built in the 1850’s, along with 5 new constructed houses.

jason-halpern-lounge

He flies to Miami every two weeks where he, along with other New York based developers are building residential projects. Here, instead of mega buildings, he is constructing smaller boutique buildings that he feels are a lot more recession-proof than the larger mega projects.

jason-halpern-hat

He opened a sales gallery for Three Hundred Collins above a boutique condominium and has already sold 50% of the units. He is also in partnership there with a charity to provide clean drinking water to the third world countries of Nepal and Ethiopia. He is donating $20K for each contract signed at Three Hundred Collins.

jason-halpern-game

The largest project that his company has completed is at 184 Kent Avenue in New York. It was a rental conversion project and the best thing about it is that both his penthouse apartment and his offices are in the same building. A short walk across a landscaped roof top deck and he is either at work or at home.

JMH completed a redevelopment project of the historic Ankara motel on South Beach in Miami. It houses the 235 room Aloft Hotel on Collins Avenue. The hotel includes a new restaurant, the Continental Miami, with Stephen Starr, a well-known restaurateur. He purchased the land for this in 2006 on which he was going to build a condominium, but this is about the time that the economy started taking a downturn. He decided to stop, board it up and then paid off the debt. He just sat back and waited for the market to turn itself back around. Had it rezoned for a hotel and started to build.