Lloyd Jones starts new development division

UPDATED, Aug. 31, 7:55 a.m.: Miami-based Lloyd Jones announced a new division focused on the ground-up development of multifamily properties.

The private real estate investment and asset management firm, led by veteran developer Christopher Finlay, appointed Jamie Telchin to head the group as executive vice president of development and construction management. Telchin previously led the renovation of the Boca Beach Club and the ground-up development of One Thousand Ocean, according to a press release.

Telchin has spearheaded the development of more than 1.5 million square feet of vertical construction in 12 projects totaling $800 million in total development costs, according to the release. That includes the 11 years he spent as president of the development group for Luxury Resorts & Hotels, an affiliate of the Blackstone Group.

At Lloyd Jones, Telchin directs all departments involved in the development and construction of ground-up projects.

Lloyd Jones is a real estate investment firm that specializes in the multifamily and senior housing sectors. Its project value is more than $750 million. — Keith Larsen

An earlier version of this story incorrectly stated that Telchin led the ground-up development of One Thousand Museum.