Adam Rose leaves real estate for jazz

He stepped into a vice chairman role at his family firm, Rose Associates, in 2017

TRD New York /
Jan.January 02, 2020 05:00 PM
Rose Associates’ Adam Rose (Credit: Getty Images, iStock)

Rose Associates’ Adam Rose (Credit: Getty Images, iStock)

Adam Rose will be singing to a different, jazzy tune in 2020.

Roughly two years after he stepped down as co-president of Rose Associates to serve as vice chairman, Rose will be retiring for good on Feb. 1, the company announced. The former executive, who’s 60 years old, said he will be spending his time “on philanthropy and jazz including my own jazz piano playing.”

Rose Associates is a residential developer and operator founded in the 1920s. The company claims to have over 14,000 units under management in New York City and has developed over $2 billion in projects over the past five years. Rose was at the helm of the apartment and hotel conversion of 70 Pine in the Financial District, and 252 East 57th Street, which was developed with World Wide Group.

Rose joined the family company in 1983 and later led the firm with his cousin, Amy, as co-presidents until late 2017, when he became vice chairman and Amy became the company’s first CEO.

At the time, Rose gave an interview to the New York Post that seemed to indicate timing had an impact on his decision.

Speaking of 70 Pine and 252 East 57th Street, which both took five years to finish, he said, “They’re both coming out great, but I don’t want to take five years any more to do anything.”

He added that in the same period, “Amy cranked out five gorgeous new buildings. It’s time for her to be CEO and president.” She will continue to lead the firm.

“I’ve truly enjoyed the decades Adam and I shared working side-by-side,” Amy Rose wrote in a statement. “I am very pleased that he will now have time to fully pursue his non-real estate endeavors.”

Rose was unavailable to comment on whether he’ll be giving any musical performances in the near future.


Related Articles

arrow_forward_ios
200 Water Street and 31 Prospect Park West (Google Maps)

Brooklyn’s luxury deal totals rise for 3rd straight week

Brooklyn’s luxury deal totals rise for 3rd straight week
Metro areas with less affordable housing drive high-income buyers to eye homes in lower-income neighborhoods at disproportionate rates (iStock)

TRD Insights: Gentrification happening fastest in least affordable cities

TRD Insights: Gentrification happening fastest in least affordable cities
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
442 Union Street and 257 Berry Street (Google Maps)

Brooklyn’s luxury market reaches new pandemic high

Brooklyn’s luxury market reaches new pandemic high
Marwan Kheireddine (inset), Jennifer Lawrence and 400 East 67th Street (Getty, Compass, BDL Accelerate)

Jennifer Lawrence’s Upper East Side PH sold at 37% loss

Jennifer Lawrence’s Upper East Side PH sold at 37% loss
arrow_forward_ios

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

Loading...