New York—Asset manager Andrew Schwartz has joined Taconic Investment Partners, an owner, operator and developer of commercial and residential real estate based in Manhattan. As a senior associate, Schwartz is responsible for residential asset management and is involved in Taconic’s development and redevelopment projects. In this capacity, he handles everything from project management and design development to contract negotiations, portfolio strategy and marketing, as well as leasing and sales.
Schwartz is also working on Taconic’s 525 West 52nd Street project, which involves the rezoning of a 30,000-square-foot-parcel of land to allow for the development of a 400-unit luxury residential rental building under New York State’s 80/20 market-rate/affordable housing program. “With his extensive and specialized background in residential leasing, budget analysis and operations, Andrew Schwartz will be a tremendous asset to our team,” said Peter Febo, chief operating officer at Taconic Investment Partners.
Prior to joining Taconic, Schwartz was a senior financial analyst at Rose Associates, Inc. where he was responsible for capital budgeting and asset management. Additionally, Schwartz held previous positions at Rockrose Development Corp. and Milstein Properties.
Co-founded in 1997 by Charles Bendit and Paul Pariser, Taconic Investment Partners has developed, redeveloped and repositioned over 12 million square feet of office, mixed-use and retail space and more than 3,000 units of for-sale and multi-family housing in New York City, with select projects in Chicago, Washington, D.C. and Atlanta.
Taconic is currently developing 837 Washington Street, a 55,000-square-foot office and retail building located in the Meatpacking District, and The Sterling Mason, a boutique luxury condominium in Tribeca, and is rezoning 525 West 52nd Street for residential development. In September 2013, Taconic announced a joint venture with L +M Development Partners and BFC Partners to develop Essex Crossing, a 1.8 million-square-foot mixed-use project that will transform a six-acre swath of mostly vacant land on the Lower East Side.