Louis Birdman and Shahab Karmely /
Photo Credit: Eugene Gologutsky

The first panel of the day, Titans of Development, or, the “East Coast Kings,” was moderated by Fox Business Network‘s Cheryl Casone and included six of the most successful real estate developers in the New York/Florida areas: Mitchell Moinian, Don Peebles, Dan Kodsi, Louis Birdman, Shahab Karmely and Michael Stern. The group covered a variety of topics, including political changes in the market, international buyers making New York and Florida real estate investments, the development of Miami as a globally-recognized destination and the differences between the real estate markets in Miami and New York.

“It’s been a very exciting time in Miami, especially in the last 10 years,” began Louis Birman, CEO of Birman Real Estate Development and co-developer of One Thousand Museum by Zaha Hadid Architects in Miami. “A lot of our sales have been driven out of Latin America and although that continues to be true, we’re also starting to see more interest out of other countries like in Europe and the Far East.”

Dan Kodsi, developer of Paramount Miami Worldcenter, CEO of Royal Palm Companies and the visionary behind Paramount Branded Developments, echoed that sentiment. “In the past 10 years, we’ve seen the world recognize Miami as a major gate way city. Now you meet people from Europe and China. You never used to see that…When you get named with cities like London, Paris and New York, that’s a big deal for Miami.” He also called out Miami’s downtown area as the one to watch out for: “From Brickell to Miami Design District, it’ll feel like a miniature Manhattan once it develops out.”

Mitchell Moinian, principal for The Moinian Group, also has an upcoming residential project in New York with the late and great Zaha Hadid, at 220 Eleventh Avenue; however, it is his 3 Hudson Boulevard development, that is garnering a lot of attention, given that the Hudson Yards area is set to be one of the next hotspots in Manhattan.

Haute Living CEO Kamal Hotchandani, Aaron Kirman, Jeff Miller /
Photo Credit: Eugene Gologutsky

The second group, The Power Brokers, included top brokers and agents from key US markets. The panelists were Adam Modlin, Jeff Miller, Aaron Kirman, Olivia Hsu Decker, Richard Sternberg and Lisa Lippman. The group, moderated by Wall Street Journal‘s Peter Grant, discussed the changing climate of the luxury real estate market, as well as the impact of social media on the buying and selling process.

The Power Brokers – Jeff Miller, Moderator Peter Grant, Richard Sternberg, Adam Modlin, Aaron Kirman and Olivia Hsu Decker / Photo Credit: Eugene Gologutsky

Olivia Hsu Decker, co-owner of Decker Bullock Sotheby’s International Realty with 11 offices in the San Francisco Bay Area, felt strongly that though social media allows brokers more visibility, nothing could and would replace the human connection. “Buying a home is like finding a husband or a wife,” she began. “You have to go to see it and make sure you can actually live there for the rest of your life. Nothing can replace that.”

Robert Canberg, James Giugliano, Marcy Braun, Matthew Breitenbach, Douglas Sabo, Michael Putnam, John Brady
Photo Credit: Eugene Gologutsky

In the last panel, The Hamptons, moderator Maneet Ahuja of CNBC led the group, which consisted of Matthew Breitenbach, Raphael Avigdor, Michael Putnam, Robert Canberg, John Brady, Marcy Braun, Doug Sabo and James Giugliano. The Hamptons is a very significant area for luxury New York real estate. When asked about the hottest Hamptons neighborhoods, the panel gave out a spattering of different opinions, including Water Mill, East Hampton and Sag Harbor, all of which are booming.

Also sponsored by Ultralux Interiors, the day was incredibly informative for attendees who came from all around the globe, who also had the opportunity to ask questions and receive expert opinions from the highly-esteemed panelists.

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In addition to learning what the masterminds and iconic developers in the industry that total over $17 billion in sales and development have to say, the audience will hear from expert moderators from premier national media outlets, expanding the reach of the summit.

Moderators include Cheryl Casone, of Fox Business Network; Peter Grant of the Wall Street Journal and Maneet Ahuja from CNBC. The moderators will offer riveting questions that will steer clear from the ordinary and bring forth a fresh perspective to the audience that will allow them to learn from the best.

Distinguished panelists of the Titans if Business discussion include Mitchell Moinian, principal of The Moinian Group and developer of Zaha Hadid’s final masterpiece; Michael Stern, managing partner of JDS Development Group—touting a billion-dollar portfolio spanning NYC and Miami; Don Peebles, founder and CEO of Peebles Corporation—one of the country’s few national privately held real estate investment and development companies with a multi-billion-dollar portfolio of projects in New York, Washington D.C., Philadelphia, Boston, Miami Beach, Los Angeles, and Charlotte; Dan Kodsi, developer of the signature Paramount Miami Worldcenter—revolutionary developer of a city within a city in Miami; Shahab Karmely, pioneering the Miami River District to luxury as he develops the ultra-luxurious One River Point; and Louis Birdman, developer of the iconic One Thousand Museum by Zaha Hadid Architects, the most expensive development in Miami, and a soon to be collector’s piece.

Next, the room will hear from the power brokers of the country that will focus on the country’s hottest locales in real estate and their evolution over time. The discussion will include input from Aaron Kirman, Adam Modlin,Jeff Miller, Richard Steinberg,Olivia Hsu Decker and Lisa Lippman.

Finally, the Hamptons panel will conclude the discussion, focusing on the niche but extraordinarily lucrative market of the luxurious Long Island communities. Panelists featured include Matthew Breitenbach, Raphael Avigdor, Michael Putnam, Robert Canberg, John Brady, Marcy Braun, Douglas Sabo, and James Giugliano, who will all share their local expertise.

Ahead of the big day, Paramount Miami Worldcenter will host an intimate and exclusive cocktail reception and joint celebration in honor of its Haute Residence magazine cover debut, as well as build excitement for the Summit the following day. Miami’s premier interior designer Ultralux Interiors will also make its national debut as they co-host the private dinner and partner in the Summit. In order to gain access to the exclusive pre-party, guests must purchase VIP tickets for $400, which also grant entry to the Real Estate Summit on April 12th.

Secure your seat at the most anticipated real estate gathering of the year by registering here.

The post Haute Residence’s 5th Annual Real Estate Summit Connects Buyers To Brokers With Exclusive Event appeared first on Haute Residence by Haute Living.

Haute Residence chatted with Mitchell Moinian, principal for The Moinian Group, about the company's achievements, insights and current projects.

What are some projects The Moinian Group is currently working on?

Expanding upon our portfolio, we are furthering our development along the west side of Manhattan, stretching from Hell’s Kitchen and Midtown West through West Chelsea, and down to the Financial District. These premier residential rentals will provide New Yorkers with amenities, including rooftop pools and common areas filled with world-renowned artwork. We are passionate about elevating every moment for our tenants, from the moment they walk through our doors and throughout the time they spend in their homes. We’ve also recently tapped into the Brooklyn residential market, with more details to come.

In what state would you consider the New York real estate market today?

Stronger than ever, the rental market in New York has reinforced our belief that people want their homes to be reflections of their personality and they’re willing to explore new areas for it. With our low vacancy rates, we’ve proven that the market demands uniquely crafted homes with world class amenities. Most importantly, we have found that New Yorkers are willing to explore burgeoning neighborhoods, like Hudson Yards and West Chelsea, to find such a product.

Oskar / Rendering credit: The Moinian Group

As one of the leading developers in NYC, what are some things in the market in your position at The Moinian Group that you’ve noticed, such as trends in architecture, and technology?

Recent action in New York has confirmed that New Yorkers are changing their behavior in how they live and work. People want a lifestyle that allows them to live how they work and vice versa. Creating diverse communities that encompass both residential and commercial developments, such as Hudson Yards and West Chelsea, is a prime example of this. Moinian has recently backed co-living startup, Ollie, a pioneer in this trend. Lastly, these areas and their developments are aspirations for how the future will want to live, which is why we’ve teamed up with exceptional design firms like Zaha Hadid and Rockwell Group to make each of our buildings standout.

The Moinian Group is a pioneer of Far West Side development. Why was this area appealing to the company?

We’ve always seen tremendous potential for this neighborhood as the future of Manhattan. It was one of the last untapped areas, waiting to become the new, New York. Development always follows transportation, and after the completion of the 7 train extension, access to the area is easier than ever. 3 Hudson Boulevard, our newest commercial project in development, sits directly on the Hudson Yards 7 train station, putting it at the center of Hudson Yards. Other than transportation, unobstructed views of the Hudson River and New York City skyline are unparalleled.

Moinian in front of Sky / Images courtesy of Sky, Scott McDermott

Sky, which became 100% leased this past summer, is the largest rental building in the country with 1,175 units. What factors do you contributed to its success?

The success of Sky is attributed to a culmination of factors, starting with a world class team that involved premier design firm Rockwell Group, architecture firm Hill West and our on-going team of experts that focus on creating new and exciting experiences for our residents. The Sky brand is now well-known throughout the city, anchored by the #LiveatSky campaign. #LiveatSky was so successful because we took an omni-channel approach to reaching the market. In addition to conventional marketing and advertising tactics both digital and print, we also worked closely with influencers of all types including NBA players, television stars and models to provide authentic content that inspired the community to desire Sky. The success has been so promising that the market might be seeing the second Sky building very soon.

The Moinian Group recently announced Oskar. How does this project differ from nearby Sky?

Different from Sky and other projects in area, we wanted to give our community an opportunity to live in a more intimate setting while still providing them with the same finishes and services of a building like Sky. Oskar has tremendous attention to the small details that optimize rental living, from windowed corridors filled with artwork by renowned Phillip Michaels to remote keyless entry into their homes, finished with condo-like fixtures that include Bosch and Grohe.

Oskar Lounge / Rendering credit: The Moinian Group

Are there any particular buildings or projects that inspired you early in your career?

Having been born and raised in NYC and with a passion for travel, I’ve always been immersed in the latest and greatest architecture with a deep passion for exploring it. Whether it’s a new building down the block or across the world, I am always aspiring to learn how I can make the next project better than the last.

A report about the future of the city recently was released with some lofty suggestions for what New York might look like 30 years from now. What do you think the city will look like at that time and how will The Moinian Group be adapting to that new city?

First, by looking back on the past 30 years, Moinian has had a lot to do with the rebirth of New York as a premier destination for both living and working. Looking to the future and to what I’ve said previously, we are constantly learning and adapting to the changing behaviors of how people interact with the built environment. We predict that future Generation Z will have a large influence on these behaviors with their preferences for more experiential atmospheres, smarter living and working, and desire to explore the unknown. These behavioral changes in society also mandate sustainable changes to the built environment. At Moinian, we’ve put a heavy focus on building more consciously to the environment while simultaneously increasing their efficiency. Our portfolio has laid the groundwork with several LEED and WiredScore certified buildings, and we plan only to expand those numbers as well as explore new methods for promoting wellness to our consumers.

Oskar Lobby / Rendering credit: The Moinian Group

What are some hardships or adversarial moments you’ve experienced in your position at The Moinian Group?

Similar to what I mentioned earlier, societal behaviors are in a big state of flux right now, with more of a demand and focus on blurring the divide between work and home. While we have tapped into this trend, we are constantly strategizing our developments and programming to a new way of life that the future generation is cultivating. We study to stay ahead of the curve and make decisions based on our informed assumptions for the future. The challenge here is that at the end of the day, the way people evolve is up to themselves. It’s widely accepted that social media is a leading channel for reaching the market, but we are constantly learning and exploring new ways to reach prospective customers in an authentic way that appeals to what people want to engage with. Technology particularly becomes a challenge in the planning and launch phases of a building. By the time we start leasing, we often need to adapt to current technology that has since evolved.

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