An organization is only as good as its leaders. This is the thought that appears on the mind of anyway who reads about JMH Development. With Jason Halpern as its owner and principal, JMH has risen to become a leading full service real estate development company in the United States with great experience as developer or owner of major properties. It has developed an innovative approach to making both residential and commercial properties high quality, unique and well positioned. This has enabled the company to make great impacts in large markets such as Williamsburg, Miami and Brooklyn.
One of the recent projects of the company is the topping off of the Aloft South Beach by reusing the historic Motel Ankara. This project resulted in the first newly constructed hotel in South Beach to have rooms averaging over 360 square feet. The project was completed in 2015. JMH sold this project to Rockpoint Group, a real estate company based in Boston, for $105 million which is nearly $447, 000 per room on 22 September, 2016. It was renamed the Gates Hotel South Beach. This project began as a partnership between JMH and Light Stone Group, a developer in hotel specialty based in New York.
Another project undertaken by the company was the development on 184 Kent which entailed converting a warehouse into 340 luxury apartments. It also added 9 luxury townhouses in the Brooklyn area under the Townhouses of Cobble Hill project. JMH is also developing condominium projects in Miami Beach at 300 Collins Ave., 8995 Collins Ave. and 2901 Indian Greek Dr. Most of its projects are focused on historic preservation and entail adaptive reuse and historic restoration of properties.
The success of JMH development group comes from the great expertise and experience of its professional team. All the members are well-versed with every aspect of the development and construction process. This includes due diligence and strategy, site and building design, construction, branding and even marketing of the properties. The team has a great marketplace knowledge, deep development skills and comprehensive on-site expertise. This great team is led by Jason Halpern.
He was born on 1 January, 1975 and has a great record of restoring historic structures. He took control of JMH, his family business, in 2010. Since then the company has been making great improvements. It has $500 million invested in the New York State projects. It has also received numerous awards for its projects. For example, in 2011, 184 Kent was given the Building Brooklyn Award in the adaptive reuse category. Additionally, the Americas Lodging Investment Summit awarded the Aloft Beach project as the Hotel Development of the year in 2016. Jason Halpern also serves as a director at the Parametric Dinning LLC which is based in Philadelphia, Pennsylvania.