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Rockrose Development
Rockrose Development is a real estate development and management company in New York. The firm was originally founded by the Elghanayan brothers in 1970, and was focused on brownstone renovation in Greenwich Village. Today the firms activities include new apartment construction, leasing, sales and marketing, large-scale rehabilitation, major office development, and investments and acquisitions. Rockroses investment partners include Credit Suisse, Goldman Sachs, and other high profile funds and institutions.
Over the last 40 years, Rockrose has acquired, built, or repositioned 3.3 million square feet of office space, 1 million square feet of retail space, and approximately 11,000 residential units in New York and Washington, D.C., with a total approximate value of $6 billion.
In 2009, the company experienced a major split, as former heads and brothers H. Henry Elghanayan, K. Thomas Elghanayan and Frederick Elghanayan divided their holdings between Rockrose (which Henry Elghanayan continues to head) and TF Cornerstone, a new firm started by Thomas and Frederick Elghanayan. Major Rockrose-retained properties post-split include 100 Jane Street, 41 River Terrace and 200 Water Street.
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03/12/19
...million square feet, SLCE’s second-largest project was Rockrose Development’s 55-story rental building at 43-22 Queens Street in Long Island City, which the...
...million square feet, SLCE’s second-largest project was Rockrose Development’s 55-story rental building at 43-22 Queens Street in Long Island City, which the...
02/28/19
...are like Teflon,” said Justin Elghanayan, president of Rockrose Development, whose father and uncles founded the firm back in 1970. “They can get away with...
02/01/19
...th Street (Credit: Getty Images and Google Maps)
Rockrose Development has secured the final air rights necessary to build the first tower in its...
12/31/18
...Number of projects: 9
Square feet: 1.8 million
In September, Rockrose Development filed plans for 555 West 38th Street, a 52-story residential tower planned for Hudson Yards...
12/19/18
...feet of commercial space.
7) 551 West 38th Street, Manhattan
Rockrose Development filed plans this September for a 600-unit residential tower, the first phase of its...
11/27/18
...units listed as of last Friday, followed by Rockrose Development...
11/22/18
...are like Teflon,” said Justin Elghanayan, president of Rockrose Development, whose father and uncles founded the firm back in 1970. “They can get away with...
11/09/18
...said Stribling’s Patrick Smith.
For those reasons, Rockrose Development was among the early developers who bet on Long Island City, where projects include...
11/07/18
...said Stribling’s Patrick Smith.
For those reasons, Rockrose Development was among the early developers who bet on Long Island City, where projects include...
10/08/18
...as well at 444 10th Avenue.
Douglaston Development and Rockrose Development both filed plans for massive Hudson Yards projects last month. Douglaston is planning a...
10/05/18
...at 601 West 29th Street was at No. 1, and Rockrose Development’s plans for a 400,000-square-foot project at 555 West 38th Street took the No. 2 spot...
10/03/18
...Lalezarian Properties’ 250-unit 515 West 36th Street. Last month, Rockrose Development filed plans for a 600-unit residential tower at 551 West 38th Street.
And all that...
09/19/18
...the building's existence.
10. Midtown rental loan - $71.4 million
Rockrose Development nabbed a $71.4 million loan for a Midtown rental building from Wells Fargo, replacing $48.3 million...
09/13/18
...Rockrose Development president Justin Elghanayan and a rendering of 551 West 38th Street
Rockrose Development has filed...
08/30/18
...tower in Queens. The No. 2 spot went to Rockrose Development, which received a $348 million loan from the New York State Housing Finance Agency.
Overall...
08/24/18
...Henry and Justin Elghanayan (Credit: Elegran and Rockrose)
Rockrose Development just landed $71.4 million on a rental building in Midtown.
The refinancing replaces $48.3 million in...
07/17/18
...neighbor, 22 River Terrace, underwent condo conversion in 2014, after Rockrose Development sold it to Centurion Development for $265 million. At the time, Centurion was accused of...
07/06/18
...Henry and Justin Elghanayan and 43-25 Hunter St
Rockrose Development landed a $348 million refinancing for Hayden, its Long Island City apartment complex at 43-...
05/14/18
...Knight Frank represented the tenant. Patricia Dunphy of Rockrose Development represented the landlord in-house...
02/22/18
...and let more people know about the neighborhood.
Rockrose Development Corp. put a 51-story building on the market last spring and has so far...
01/18/18
...February. The Hayden, a 51-story tower built by Rockrose Development, spans 786,105 square feet. It houses 974 rental units, of which 195 are affordable. SLCE Architects designed...
01/11/18
...Fred Elghanayan, who spun the company off from Rockrose Development, which is led by their brother Henry Elghanayan. According to TRD’s ranking of...
12/20/17
...tower was converted to rental apartments in 1996. In 2008, Rockrose Development became the tower’s sole owner when it bought out an Illinois pension fund...
09/13/17
...are like Teflon,” said Justin Elghanayan, president of Rockrose Development, whose father and uncles founded the firm back in 1970. “They can get away with...
Rockrose Development, Real Estate Salesperson
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Real Estate Salesperson
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Real Estate Salesperson
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Real Estate Salesperson
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Limited Liability Broker
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Associate Broker
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Associate Broker
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Real Estate Salesperson
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Real Estate Salesperson
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Real Estate Salesperson
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
15 East 26th Street, 7th Floor, New York, NY, (212) 847-3700
...
Rockrose Development, Vice President, Property Management
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
Joseph Flanagan is a vice president of property management at Rockrose Development, real...
Rockrose Development, General Counsel
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
Andrew Fishkoff is a real estate lawyer and general counsel for Rockrose Development,...
Rockrose Development, Vice President, Real Estate Finance
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
Judd Emin is vice president of real estate finance at Rockrose Development, a...
Rockrose Development, Senior Vice President
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
Patricia Dunphy is a senior vice president at Rockrose Development, a real estate...
Rockrose Development, President
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
Justin Elghanayan is the president of Rockrose Development, a real estate development and...
Rockrose Development, CEO
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
15 East 26th Street, 7th Floor, New York, NY, 212.847.3700
H. Henry Elghanayan is an Iranian-America real estate developer and the co-founder and...
- Event Office Leasing
- Address 11 East 26th Street
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 24,166
- Publication Date 02/11/2019
- Event Date 02/05/2019
- Party 1 Rockrose Development
- Party 1 Brokerage Adams & Company
- Party 1 Broker James Buslik, Jeff Buslik
- Party 2 Butterfly Network
- Party 2 Brokerage CBRE
- Party 2 Broker Meghan Allen, Patrice Meagher
notes
The health-device firm signed a lease for the Flatiron building.
- Event Financing
- Address 410 West 53rd Street
- Neighborhood Clinton
- Borough Manhattan
- Square feet 166,518
- Price $ 71,400,000
- Publication Date 08/27/2018
- Event Date 08/24/2018
- Party 1 Rockrose Development
- Party 2 Wells Fargo, Fannie Mae
notes
The lender issued a loan of $71.4 million for the Clinton property.
- Event Financing
- Address 43-25 Hunter Street
- Neighborhood Long Island City
- Borough Queens
- Square feet 681,188
- Price $ 348,000,000
- Publication Date 07/09/2018
- Event Date 07/06/2018
- Party 1 Rockrose Development
- Party 2 New York State Housing Finance Agency
notes
The owner secured a loan of $348 million for the Long Island City property.
- Event Retail Leasing
- Address 152 Christopher Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 12,450
- Publication Date 05/07/2018
- Event Date 04/19/2018
- Party 1 Rockrose Development
- Party 1 Brokerage Rockrose Development
- Party 1 Broker Patricia Dunphy
- Party 2 Peloton
- Party 2 Brokerage Newmark Knight Frank
- Party 2 Broker Ben Birnbaum, Ben Shapiro
notes
The indoor cycling studio inked a lease in the West Village.
- Event Office Leasing
- Address 300 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 13,700
- Publication Date 03/26/2018
- Event Date 03/19/2018
- Party 1 Rockrose Development
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Rob Fink, Andrew Braver
- Party 2 Swavelle Mill Creek Fabrics
- Party 2 Brokerage Newmark Knight Frank
- Party 2 Broker Eric Zemachson, Cory Borg
notes
The furniture upholstery maker inked a 10-year lease in Flatiron for the entire 8th floor.
- Event Financing
- Address 43-22 Queens Street
- Neighborhood Long Island City
- Borough Queens
- Square feet 320,820
- Price $ 255,000,000
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 Rockrose Development
- Party 2 Bank of America
notes
The borrower secured a $255 million loan from Bank of America, for the 54-story conversion of the Eagle Electric building.
- Event Financing
- Address 100 Jane Street
- Neighborhood West Village
- Borough Manhattan
- Price $ 65,000,000
- Publication Date 08/01/2016
- Event Date 06/17/2016
- Party 1 Rockrose Development
- Party 2 Wells Fargo
notes
The company secured a $65 million loan.
- Event Retail Leasing
- Address 26-25 Jackson Avenue
- Neighborhood Long Island City
- Borough Queens
- Square feet 2,000
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 Rockrose Development
- Party 1 Brokerage Rockrose Development
- Party 1 Broker Patricia Dunphy
- Party 2 Shih Li
notes
The Japanese restaurant signed a lease.
- Event Retail Leasing
- Address 26-25 Jackson Avenue
- Neighborhood Long Island City
- Borough Queens
- Square feet 940
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 Rockrose Development
- Party 1 Brokerage Rockrose Development
- Party 1 Broker Patricia Dunphy
- Party 2 Levante
- Party 2 Brokerage Modern Spaces
- Party 2 Broker Troy Allen
notes
The pizzeria signed a lease.
- Event Retail Leasing
- Address 26-25 Jackson Avenue
- Neighborhood Long Island City
- Borough Queens
- Square feet 2,000
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 Rockrose Development
- Party 1 Brokerage Rockrose Development
- Party 1 Broker Patricia Dunphy
- Party 2 Shih Li
notes
The Japanese restaurant signed a lease.
- Event Retail Leasing
- Address 26-25 Jackson Avenue
- Neighborhood Long Island City
- Borough Queens
- Square feet 2,000
- Publication Date 07/01/2016
- Event Date 05/18/2016
- Party 1 Rockrose Development
- Party 1 Brokerage Rockrose Development
- Party 1 Broker Patricia Dunphy
- Party 2 Shih Li
notes
The Japanese restaurant signed a lease.
- Event Retail Leasing
- Address 666 Greenwich Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 14,000
- Publication Date 04/01/2016
- Event Date 02/15/2016
- Party 1 Rockrose Development
- Party 1 Brokerage Rockrose Development
- Party 1 Broker Patricia Dunphy
- Party 2 Brooklyn Fare
- Party 2 Brokerage Rockrose Development
- Party 2 Broker Patricia Dunphy
notes
The grocery store signed a lease.
- Event Office Leasing
- Address 300 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 41,000
- Publication Date 10/01/2015
- Event Date 08/22/2015
- Party 1 Rockrose Development
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Mikal Nahmias
- Party 2 FanDuel
- Party 2 Brokerage Colliers International
- Party 2 Broker Robert Kennedy
notes
The fantasy sports platform signed a lease to relocate from a 9,000-square-foot office.
- Event Office Leasing
- Address 99 John Street
- Neighborhood Seaport
- Borough Manhattan
- Square feet 8,200
- Publication Date 09/01/2015
- Event Date 07/23/2015
- Party 1 Rockrose Development
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Darrell Rubens, Lee Block
- Party 2 Smarter Toddler
- Party 2 Brokerage Heller Organization
- Event Retail leasing
- Address 666 Greenwich Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 12,000
- Publication Date 06/01/2015
- Event Date 04/22/2015
- Party 1 Rockrose Development
- Party 2 Brooklyn Fare
- Event Retail Leasing
- Address 135 John Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 1,100
- Publication Date 08/01/2012
- Event Date 06/22/2012
- Party 1 Rockrose Development
- Party 1 Brokerage In-house
- Party 2 Starbucks
- Party 2 Brokerage SCG Retail
- Party 2 Broker David Firestein
notes
The coffee chain signed a lease for another location.
- Event Office Leasing
- Address 300 Park Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 20,000
- Price per foot $ 51.00
- Publication Date 12/01/2011
- Event Date 10/22/2011
- Party 1 Rockrose Development
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Andrew Peretz, John Peters, Mike Nahmias
- Party 2 William Grant & Sons
- Party 2 Brokerage Newmark Grubb Knight Frank
- Party 2 Broker Eric Cagner
notes
The whiskey maker signed a 10-year lease on the fifth and sixth floors for its new U.S. headquarters, according to the New York Post.
- Event Office Leasing
- Address 300 Park Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 13,000
- Publication Date 07/01/2011
- Event Date 05/22/2011
- Party 1 Rockrose Development
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Mike Nahmias, Andrew Peretz, John Peters
- Party 2 Experian Hitwise
- Party 2 Brokerage JLL
- Party 2 Broker Paul Formichelli
notes
The global information services company signed a five-year lease.
- Event Office Leasing
- Address 300 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 26,974
- Publication Date 04/01/2011
- Event Date 02/20/2011
- Party 1 Rockrose Development
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker John Peters, Mike Nahmias, Andrew Peretz
- Party 2 M Booth & Associates
- Party 2 Brokerage Grubb & Ellis
- Party 2 Broker Richard Rosenthal
notes
The communications agency signed a lease renewal and expansion.
- Event Office Leasing
- Address 300 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 26,974
- Publication Date 03/01/2011
- Event Date 01/20/2011
- Party 1 Rockrose Development
- Party 2 M Booth and Associates
- Party 2 Brokerage Grubb & Ellis
- Party 2 Broker Richard Rosenthal
notes
The communications agency signed a lease renewal and expansion.
- Event Office Leasing
- Address 300 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 27,000
- Publication Date 12/01/2010
- Event Date 10/22/2010
- Party 1 Rockrose Development
- Party 2 Whitney Museum of American Art
- Party 2 Brokerage Newmark Grubb Knight Frank
- Party 2 Broker Jason Greenstein
notes
The museum leased the building's top two floors for administrative office space.
- Event Office Leasing
- Address 300 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 25,300
- Price per foot $ 42.00
- Publication Date 11/01/2010
- Event Date 09/22/2010
- Party 1 Rockrose Development
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker John Peters, Andrew Peretz
- Party 2 Leo Burnett
- Party 2 Brokerage Byrnam Wood
- Party 2 Broker Gordon Ogden
notes
The advertising company signed a six-year lease on the seventh and eighth floors.
- Event Office Leasing
- Address 300 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Publication Date 08/01/2010
- Event Date 06/22/2010
- Party 1 Rockrose Development
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Andrew Peretz, John Peters
- Party 2 Wilhelmina Models
notes
The modeling agency signed a lease renewal.
- Event Office Leasing
- Building Name Carnegie Hall Tower
- Address 152 West 57th Street
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 1,762
- Publication Date 02/01/2010
- Event Date 12/23/2009
- Party 1 Rockrose Development
- Party 1 Brokerage TH Advisors
- Party 1 Broker Sebastien Goobi
- Party 2 Nile Global Advisors
- Party 2 Brokerage Hunter Realty
- Party 2 Broker Michael Okun
notes
The hedge fund subleased space.
- Event Retail Leasing
- Address 7 East 14th Street
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 400
- Publication Date 09/01/2009
- Event Date 07/23/2009
- Party 1 Rockrose Development
- Party 1 Brokerage In-house
- Party 2 Baked by Melissa
- Party 2 Brokerage Northwest Atlantic Real Estate Services
- Party 2 Broker Ryan Abramow
notes
The baked goods shop signed a lease.
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This property is a new development. The developer(s) filed plans in July of...
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ROCKROSE DEVELOPMENT, 2525 44TH DRIVE L.L.C.
ROCKROSE DEVELOPMENT, 2525 44TH DRIVE L.L.C.
4325 Hunter Street is a 786,105 square foot building in the Long Island...
...however, often work with multigenerational owners such as Rockrose Development and Jack Resnick & Sons. Earlier this year, Singer secured an agreement to be...
02/02/16
...the figure seen at market-rate projects such as Rockrose Development’s 666 Greenwich Street, which led the pack with a per-unit NOI of over $57,000.
That...
...Group's 5Pointz project and Justin Elghanayan, president of Rockrose Development
There are more than a dozen bridge, tunnel, subway and ferry routes between Manhattan...
...family that owns residential-focused firms TF Cornerstone and Rockrose Development.
Seller: Cariplo Pension Fund
Address: 10 East 53rd Street
Total profit: $316.7 million
Annual return...
Manhattan, 10282
CENTURION REAL ESTATE PARTNERS, CREP RIVER TERRACE HOLDINGS LLC
CENTURION REAL ESTATE PARTNERS, CREP RIVER TERRACE HOLDINGS LLC
The sponsor(s) filed plans on 01/29/14 to test the market with a project...
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The sponsor(s) filed plans on 02/15/07 for a condo project at 99 John...
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ROCKROSE DEVELOPMENT, 43-22 QUEENS STREET,LLC
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This property is a new development. The developer(s) filed plans in July of...
