Charney Companies

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Charney Companies is an American fully-integrated real estate development, brokerage and management firm with headquarters in Long Island City, New York. Founded in 2013 by Sam Charney, [1] the company has developed and operates over two million square feet of mixed-use, mixed income residential, and retail properties throughout the New York metropolitan area. [2]

History

After working as a project executive at Two Trees Management for eight years, Sam Charney founded the firm in 2013. [3]

In March 2016, Charney Companies purchased the site of the Dime Savings Bank of Williamsburg, Brooklyn for $80 million. [4] The firm later announced that it planned to fully restore the 112-year-old neoclassical landmark bank and also construct a 23-story tall residential, office and retail tower behind the bank. [5] The project was completed, and leasing began in 2020. [6] Charney collaborated with Tom Fruin and Swoon to commission lobby art work and exterior murals for the Dime Savings Bank project. [7] The Dime is also home to the largest publicly accessible EV charging hub in New York, run by Revel. [8]

The firm purchased 585 Union Street in January 2020. [9] Charney Co. then purchased 251 Douglass St. in April 2020 for $22.5 million, with the firm later receiving financing from Barings LLC to expand the site. [10] Construction broke ground for the 15-story Douglass St. building in November 2023. [11]

The Green House, a 12-story residential building located in Long Island City, Queens, completed construction in January 2023. Designed by Studio V Architecture and financed by Santander Bank, Green House features three art murals by FAILE as well as an interactive light installation by Jen Lewin. [12] [13]

In May 2023, Charney Co. broke ground on 310 and 340 Nevins Street, a two-building residential project in Gowanus, Brooklyn. Plans for the 600,000 square-foot complex include: 654 rental units, ground-floor retail space, and a public waterfront esplanade designed by James Corner field opps. [14]

585 Union Street, a nine-story mixed-use building designed by Fogarty Finger Architects, topped out in November 2023. Managed by Charney Co., the development is part of the larger Gowanus Wharf campus, which also includes the Douglass and Nevins properties. [15]

In March 2024, the firm acquired 99 Claremont in Morningside Heights, with plans to convert the property into off-campus student housing for Columbia University. [16]

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References

  1. ↑ "Charney Companies Celebrates Ten-Year Anniversary". City Biz. July 31, 2023. Retrieved June 25, 2024.
  2. ↑ "Charney Companies Announces The Green House, A One-Of-A-Kind Residential Destination, Is 90% Leased". City Biz. March 28, 2023. Retrieved June 25, 2024.
  3. ↑ Nikolai Fedak (April 4, 2014). "Interview With The Developer: Sam Charney". IMBY. Retrieved June 25, 2024.
  4. ↑ Rebecca Baird-Remba (July 27, 2016). "Charney Plans A 22-Story Mixed-Use Tower At 263 South 5th Street, Williamsburg". New York IMBY. Retrieved June 6, 2024.
  5. ↑ Andrew Nelson (March 7, 2018). "LPC Approves Dime Savings Bank Of Williamsburgh's Rebirth As Foundation Work Begins For 209 Havemeyer Street, Williamsburg". New York IMBY. Retrieved June 6, 2024.
  6. ↑ Devin Gannon (May 19, 2020). "Leasing launches at Williamsburg's historic Dime Savings Bank, rentals from $3,000/month". 6sqft. Retrieved June 23, 2024.
  7. ↑ Rose Adams (May 28, 2020). "Mural by famed street artist unveiled near landmarked Williamsburg bank". Brooklyn Paper. Retrieved June 23, 2024.
  8. ↑ SEBASTIAN MORRIS (May 5, 2023). "Revel Opens New York's Largest Ultra-Fast Electric Vehicle Charging Hub At 'The Dime' In Williamsburg, Brooklyn". IMBY. Retrieved June 23, 2024.
  9. ↑ REBECCA BAIRD-REMBA (January 16, 2020). "Sam Charney Revamps Development Firm, Launches In-House Brokerage". Commercial Observer. Retrieved July 1, 2024.
  10. ↑ Eddie Small (Jul 31, 2023). "Gowanus developers land $120M in construction financing for 261-unit project". Crain's. Retrieved July 1, 2024.
  11. ↑ MAX GILLESPIE (November 16, 2023). "251 Douglass Street Breaks Ground In Gowanus, Brooklyn". YIMBY. Retrieved July 1, 2024.
  12. ↑ Michael Dorgan (June 28, 2022). "Three Large Murals Going up on New 12-Story Apartment Building in LIC". LIC Post. Retrieved July 8, 2024.
  13. ↑ C.J. Hughes (July 19, 2022). "Developer doesn't scrub, but instead celebrates, graffiti in Queens". Crain's. Retrieved July 8, 2024.
  14. ↑ Michael Young; Matt Pruznuck (May 29, 2023). "Excavation Imminent For Four-Building Complex At 300 Nevins Street In Gowanus, Brooklyn". IMBY. Retrieved June 23, 2024.
  15. ↑ Max Gillespie (November 26, 2023). "585 Union Street Tops Out In Gowanus, Brooklyn". IMBY. Retrieved June 25, 2024.
  16. ↑ Andrew Coen (March 28, 2024). "Madison Realty Capital Lends $55M on Morningside Heights Student Housing Project". Commercial Observer. Retrieved June 23, 2024.
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