Jason Halpern is the Principal of real estate development firm JMH Development. He primarily focuses on developing luxury properties in the New York and Florida markets. In addition to residential construction, he also develops commercial properties. JMH Development is his family’s business and he took over management of the firm in 2010. One of the hallmarks of JMH Development is that they focus on the preservation of historic structures that have been restored through the means of adaptive reuse of existing materials and structure.
Among the $500 million in investments made in New York, during a recent project, Jason Halpern and JMH Development converted an existing warehouse into a luxury apartment complex with 340 units. The apartments, located on the North Brooklyn Waterfront, are called the Austin Nichols House. Each unit, from studios to three bedrooms, feature so exquisite touches as tobacco smoked oak flooring, high beamed loft ceilings, and amazing views of the city. The building also provides an around the clock doorman, concierges, a zen garden, a full catering kitchen, and a business center in addition to many other amenities. The building is listed on the National Historic Register. Halpern successfully sold the apartments to another group for $275 million.
Another project that Halpern developed was the Aloft South Beach. During this project Halpern and his team restored the historic Motel Ankara and added a new eight-story tower to it. The new hotel features larger rooms than local competitors and is the first one opened in the area since 2009. The Aloft South Beach, just a block from the beach, also offers quick access to several art galleries and museums as well as the Miami Beach Convention Center. In addition to featuring luxury touches throughout the rooms, the hotel also features a space for live bands to play or for local artists to feature their work.
The Townhouses of Cobble Hill residential development that Jason Halpern worked on has turned into a coveted place to live in the Brooklyn area. He created a structure that comprises nine high-end townhouses along one of the most desired streets in Brooklyn, Congress Street. Four of the townhouses were completely renovated and the other five are brand new.
Jason Halpern continues to develop properties in both New York and Florida, He visits the Miami area every few weeks in order to manage his existing projects or to spot new opportunities in the area. He enjoys building in Miami as he believes the area is virtually recession proof due to the fantastic setting that draws in new residents, tourism, coupled with a strong business environment.