Design firms increasingly develop their own projects

TRD New York /
Dec.December 01, 2013 05:00 PM

 The distinction between architect and developer is starting to look gray now that more design firms are also acting as project developers.

Company’s like Alloy, a firm that designs, develops, constructs and markets its own buildings, are leading the way. The company recently unveiled rows of sleek, 3,000-square-foot Dumbo townhouses that start at $4 million, according to Crain’s.

“As an architect, you sit around and wait for clients, while on the development side, you go ahead and buy property,” Jared Della Valle, Alloy’s founder, told Crain’s. “It’s not easy, but you don’t have to wait for the phone to ring.”

And Alloy is far from the only firm using what is being called design-focused integrated practices. A growing number of New York City firms are keeping projects in house start to finish, in order to better control the destiny of a property. [Crain’s]Christopher Cameron


Related Articles

arrow_forward_ios
Alloy Development and Davis Companies move ahead with Dumbo condo conversion

Alloy Development and Davis Companies move ahead with Dumbo condo conversion

Alloy Development and Davis Companies move ahead with Dumbo condo conversion
Brooklyn councilman wants to cut Alloy’s 80 Flatbush down to size

Brooklyn councilman wants to cut Alloy’s 80 Flatbush down to size

Brooklyn councilman wants to cut Alloy’s 80 Flatbush down to size
Controversial project at 80 Flatbush gets approval from City Planning Commission

Controversial project at 80 Flatbush gets approval from City Planning Commission

Controversial project at 80 Flatbush gets approval from City Planning Commission
Alloy Development buying pair of Dumbo properties for more than $50M

Alloy Development buying pair of Dumbo properties for more than $50M

Alloy Development buying pair of Dumbo properties for more than $50M
Open New York seeks to counter NIMBYism with YIMBYism

Open New York seeks to counter NIMBYism with YIMBYism

Open New York seeks to counter NIMBYism with YIMBYism
Alloy has a new development partner at 80 Flatbush megaproject

Alloy has a new development partner at 80 Flatbush megaproject

Alloy has a new development partner at 80 Flatbush megaproject
Alloy plans mixed-use megaproject in Downtown Brooklyn

Alloy plans mixed-use megaproject in Downtown Brooklyn

Alloy plans mixed-use megaproject in Downtown Brooklyn
These were the top home sales in BK, Queens in November

These were the top home sales in BK, Queens in November

These were the top home sales in BK, Queens in November
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...