Rose Associates Promotes Chris Gibaldi to Director of Development
Posted On December 9, 2014
Rose Associates, the New York-based full-service real estate firm, announced today that Chris Gibaldi has been named director of development. Gibaldi joined Rose as a development associate in 2011.
“Chris has successfully guided numerous and varied development projects here at Rose and throughout his career,” said James L. Hedden, chief development officer of Rose. “I am pleased to have him as a director and I look forward to his contributions as Rose embarks on numerous new developments.”
Gibaldi, 33, will lead each component of an individual development process—from pre-development, acquisitions and planning, through construction and successful property lease-up. Recent projects of Gibaldi’s include The Larstrand on Manhattan’s Upper West Side and The Maximilian in Long Island City. Gibaldi’s leadership helped Rose deliver The Larstrand months ahead of schedule. His management also aided the rapid lease-up of The Maximilian.
Prior to joining Rose, Gibaldi worked with a real estate investment firm that focused on rent-stabilized assets in New York City. A graduate of Fordham University with an MBA in Finance and Management, he holds a MS in Real Estate Development from NYU. Gibaldi has also studied civil engineering and construction management.
Rose currently manages 26,000 apartments throughout New York City. The portfolio is comprised of approximately 125 cooperative, condominium and rental properties. The split between owner-occupied and rental units is nearly even, with slightly more than half of all Rose-managed apartments being rentals.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.