World Wide Group Selects Rose Associates to Manage Trio of NYC Multifamily Properties
Posted On November 18, 2022
Rose Associates, Inc., the New York-based multifamily real estate developer and manager, announced that World Wide Group has selected Rose Property Management Group to manage three multifamily properties in New York City.
Two of the properties, Luna LIC and QLIC, are located in Long Island City, and 110 Green Street is located in Brooklyn’s Greenpoint neighborhood.
Rose previously partnered with World Wide Group on the redevelopment of 252 East 57th Street, a mixed-use project that received ULI’s Excellence in Mixed Use Development award in 2018.
“We are thrilled to be working with World Wide Group again. Their multifamily portfolio consists of truly first-rate properties and we’re excited to expand our relationship with the developer through the addition of these three buildings,” said Scott Marino, Executive Director of Multifamily for Rose.
QLIC is located at 41-42 24th Street in Long Island City. The 21-story property features 421 units in studio, one-, two- and three-bedroom layouts. QLIC offers numerous amenities including an outdoor rooftop pool. Located at 42-15 Crescent Street in Long Island City, Luna is a boutique, luxury building with 124 apartments in studio, one-and two-bedroom configurations. Luna residents enjoy sweeping views of Manhattan from the building’s apartments and also its landscaped rooftop. Rose has also been assigned as manager of 110 Green Street in Brooklyn, a six-story property with 130 homes in one-, two- and three-bedroom layouts. 110 Green is located in the heart of Greenpoint with amenities that include a gaming lounge, a heated indoor pool, and a co-working space.
Jodi Gerstman, CFO of World Wide Group, said: “Each of these properties offers an exceptionally high quality of living. They are amenity rich with fantastic proximity to transit. We’re pleased to have Rose on board as they are experts in residential management and fully committed to resident satisfaction.”
In the past year, the number of units Rose manages has increased to more than 22,000 across New Jersey, Long Island, Westchester and New York City. Rose is also very active in new development, with multiple projects – Hamilton Crossing in White Plains, Alexander Crossing in Yonkers and 8 Court Square in Long Island City – entering the market early next year. In addition, Rose is assisting Global Holdings with the development of One West 60th Street, finalizing plans for a 775-unit mixed-use development in Port Chester, NY, and redeveloping 301 East 94th Street with Marmara Group.SOURCE: World Wide Group Selects Rose Associates to Manage Trio of NYC Multifamily Properties
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.