Alicia Glen to launch development firm, MSquared

Firm will focused on mixed-income housing in smaller cities

New York /
Jun.June 05, 2020 02:15 PM
Alicia Glen

Alicia Glen

Former Deputy Mayor and Goldman Sachs alum Alicia Glen is about to launch her own development firm to build middle-income housing in smaller U.S. cities.

MSquared — which seemingly refers to the firm’s focus on mixed-use, mixed-income development — will launch next week, Bloomberg reports. The company aims to build housing for the ‘“missing middle,’ an increasingly cost-burdened group that includes essential workers, such as teachers, nurses, police officers, service and retail workers,”’ the firm announced Friday.

During her tenure with the de Blasio administration, Glen often emphasized the need to create housing for the middle class, not just the very low-income residents — housing advocates have criticized the administration for not focusing enough on those New Yorkers. Glen left her post in early 2019.

The company, using Glen’s own capital, will first focus on projects in Charlotte, Dallas and Boston. She hopes to raise $300 million later this year for projects in Denver, Colorado, and Austin, Texas.

Carolee Fink

Carolee Fink

Glen’s former chief of staff Carolee Fink and deputy chief of staff Caitlin Lewis are respectively joining the firm as principal and director of business development. John Cohen, her former senior advisor, will serve as director of real estate. [Bloomberg] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
From left: Google's Sundar Pichai, Facebook's Mark Holliday, and Factory_OS's Rick Holliday and Larry Pace (Getty; Factory_OS; iStock)

Facebook, Google back modular housing startup

Facebook, Google back modular housing startup
A rendering of 153-10 88th Avenue in Jamaica (Photo via Zara Realty)

Zara Realty plans 218K-sf Jamaica development

Zara Realty plans 218K-sf Jamaica development
Housing prices in the Rockies see a bump as tech workers move in from the coasts (iStock)

Housing prices soar in mountain towns thanks to tech transplants

Housing prices soar in mountain towns thanks to tech transplants
New York Attorney General Letitia James and 63-36 99th Street in Rego Park (Getty; StreetEasy)

“Not on my watch”: AG Tish James fines developers who violated 421a

“Not on my watch”: AG Tish James fines developers who violated 421a
902 Drew Street and 400 East 58th Street (Google Maps)

New York’s multifamily sales improve in Q3

New York’s multifamily sales improve in Q3
San Francisco Mayor London Breed (Getty)

San Francisco mayor blasts “lefty movement” for blocking housing

San Francisco mayor blasts “lefty movement” for blocking housing
arrow_forward_ios

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

Loading...