About Us
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Our Company
Bowery Development Co. is a full-service commercial real estate firm specializing in the development of multifamily apartments.
Our Services
Property Acquisition
Site selection is critical to the success of a project. Bowery Development Co. evaluates potential development sites using criteria such as constructibility, demographics, market conditions, and the local regulatory environment.
Once a site is identified, Bowery Development Co. conducts thorough due diligence, scrutinizing aspects like title concerns, zoning regulations, and soil suitability to identify and mitigate potential risks.
Design
From the onset of the design phase, Bowery Development Co. establishes design criteria and provides continual feedback on drawing sets. Leveraging its substantial expertise in managing multifamily properties, Bowery Development Co. is able to deliver essential insights on design elements such as features, finishes, and assemblies providing value through enhanced rents and reduced expenses.
Approvals
Development projects must undergo an extensive governmental review and approval process. Bowery Development Co. guides projects through the approval process by coordinating the design team, working with regulatory agencies, and delivering final approvals that align with underwritten expectations.
Development & Construction
Once underway, a project requires close supervision. Bowery Development Co. runs regular coordination meetings with the construction and design teams and inspects the site to ensure quality of construction and conformance to the plans.
Bowery Development Co. will prepare the project for launch by developing a marketing program, on-boarding leasing and property management teams, and coordinating construction sign-offs.
Property Acquisition
Site selection is critical to the success of a project. Bowery Development Co. examines hundreds of potential development sites, considering factors such as constructibility, demographics, market conditions, and the regulatory environment before making a decision.
Once a site is identified, Bowery Development Co. conducts thorough due diligence, scrutinizing aspects like title concerns, zoning regulations, and soil suitability to identify and mitigate potential risks.
Design
From the onset of the design phase, Bowery Development Co. provides design criteria, assesses drawing sets and annotates plans. Leveraging its substantial expertise in managing multifamily properties, Bowery Development Co. is able to deliver essential insights on design elements such as features, finishes, and assemblies with the aim to drive rent and reduce operational expenses.
Approvals
Development projects must undergo an extensive governmental review and approval process. Bowery Development Co. guides projects through the approval process by collaborating with regulatory agencies, anticipating critiques related to design and functionality, and delivering a final outcome that aligns with investor expectations while also listening to and incorporating feedback from community stakeholders.
Development & Construction
Once underway, a project requires close supervision. Bowery Development Co. hosts regular coordination meetings with construction and design team members and performs site inspection to ensure quality of construction and conformance to the plans.
Bowery Development Co. will prepare the project for launch by developing a marketing program, on-boarding leasing and property management teams, and coordinating construction sign-offs.
Our Current Work
The Alistair
The Alistair, set to open in 2024, is designed as the first luxury rental project to open in Lancaster, PA. Constructed in a historical district, special consideration was paid to complement the community character. The project features amenities such as a fitness center and rooftop lounge while units contain name brand finishes including Caesarstone quartz counters and Samsung appliances.