Developers of crane collapse site are old family firms

TRD NEW YORK /
May.May 30, 2008 05:26 PM

The DeMatteis Organization and the Mattone Group, the developers of 333 East 91st Street, where a collapsing crane accident killed at least two people today, are both old family-run firms with roots in the outer boroughs.

The DeMatteis Organization is owned and operated by Richard and Scott DeMatteis and based in Elmont, Long Island. The owners’ grandfather, Leon DeMatteis, started the business in Brooklyn in 1918.

DeMatteis owns Linden Plaza, a 1,527-apatment Mitchell-Lama affordable housing complex in East New York, Brooklyn. Last month, The Real Deal reported that DeMatteis would spend $130 million to upgrade the aging structure.

Last year, DeMatteis told the residents of its Knickerbocker House at 91st Street and Second Avenue in Manhattan that it was withdrawing the building from the Mitchell-Lama program.

DeMatteis has previously worked with the developer of the Turtle Bay tower at 303 East 51st Street, where a March 15 crane collapse killed seven people. DeMatteis and Kennelly Development Company teamed up on the Sycamore condominium, at 30th Street and Second Avenue.

The Queens-based Mattone Group started out as a law firm in 1956. Joseph Mattone, who dealt with real estate financing and development, launched the firm and still runs it with his sons, Carl and Michael.

The Mattone Group operates the Jamaica Center in Queens, a large retail complex that opened in 2002.

Mattone also operates the Pathmark Plaza in Springfield Gardens, Queens, and the Embassy Tower apartment complex and retail center on 68th Street and Broadway in Manhattan.

The developers broke ground at 333 East 91st Street last September. The Azure Condominium was planned as a 33-story, 127-unit building. SLCE Architects designed the building and Brown Harris Stevens is the sales and marketing agent.

The Real Deal reported in January’s issue that the developers were planning to build a school next door to the condominium.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Hovnanian Enterprises CEO Ara Hovnanian and 292-294 West 4th Street

Big names, big properties, big price: $26M for Village homes

Daniel Kulle (Credit: Getty Images)

Forever 21’s new CEO is former H&M exec

Amazon CEO Jeff Bezos and Rentar Plaza at 66-26 Metropolitan Avenue in Queens (inset) (Credit: Getty Images and Rentar Development)

Amazon signs 300K-sf lease in Middle Village

CBRE CEO Robert Sulentic (Credit: Getty Images, iStock)

CBRE plans cuts to NYC tech team

Joe Moinian and 90 Washington Street (Credit: Google Maps, iStock)

Moinian sued for charging market-rate rents despite tax break

arrow_forward_ios
Loading...