Taconic Investment Partners Names Peter Febo Chief Operating Officer
- Feb 27, 2014
New York—Taconic Investment Partners has appointed Peter Febo Chief Operating Officer. In this position, Febo plays an integral role in the implementation of Taconic’s business plan, directing the company’s 85-person in-house team and communicating with all asset, development and construction managers to ensure due diligence and strategies are in place.
Febo oversees residential, commercial and retail property development; construction projects and commercial and residential asset management, including Taconic Management Company, Taconic’s wholly owned property management and leasing subsidiary. He reports directly to co-CEOs Charles Bendit and Paul Pariser.
The introduction of the COO position represents Taconic’s continued and strategic growth across its various business lines. Most recently, the company began working on Essex Crossing, a mixed-used, urban renewal project on the Lower East Side that was awarded to a partnership among Taconic, L&M Development Partners, BFC Partners and The Prusik Group by the City of New York in September 2013.
Current projects also include The Sterling Mason at 71 Laight Street, a highly amenitized new boutique condominium involving the renovation of a landmarked warehouse and integration of cutting-edge, ground-up construction; 619 W 54th Street, a historic Art Deco property, which the firm has re-positioned and re-tenanted on the ground floor with Maserati; and 837 Washington Street, a six-story, 55,000-square-foot office and retail building located in the evolving Meatpacking District.
Taconic is also in the process of rezoning 525 West 52nd Street to allow for residential development, with plans to develop a 400-unit luxury rental building under New York State’s 80/20 market-rate/affordable housing program.
Prior to joining Taconic, Febo was the regional vice president for the New York-New Jersey metro region at Home Properties, overseeing the development and management of a 44-property, 8,500-unit portfolio valued at more than $1 billion. Before that, he was the Director of Investments for Midwest and East Coast assets at AvalonBay Communities and Senior Property Manager at Tishman Speyer Properties, where he was responsible for the redevelopment of 666 Fifth Avenue.