Charney Companies Explained

Charney Companies is an American fully-integrated real estate development, brokerage and management firm with headquarters in Long Island City, New York. Founded in 2013 by Sam Charney,[1] the company has developed and operates over two million square feet of mixed-use, mixed income residential, and retail properties throughout the New York metropolitan area.[2]

History

After working as a project executive at Two Trees Management for eight years, Sam Charney founded the firm in 2013.[3]

In 2015, Charney Co. developed its first project, The Jackson Condominium, on 47th Avenue in Long Island City.[4] [5] The 11-story development is located around the corner of MoMA PS1 and features a lobby mosaic designed by Tom Fruin.[6] [7]

In March 2016, Charney Companies purchased the site of the Dime Savings Bank of Williamsburg, Brooklyn for $80 million.[8] The firm later announced that it planned to fully restore the 112-year-old neoclassical landmark bank and also construct a 23-story tall residential, office and retail tower behind the bank.[9] The project was completed, and leasing began in 2020.[10] Charney collaborated with Tom Fruin and Swoon to commission lobby art work and exterior murals for the Dime Savings Bank project.[11] The Dime is also home to the largest publicly accessible EV charging hub in New York, run by Revel.[12]

The firm purchased 585 Union Street in January 2020.[13] Charney Co. then purchased 251 Douglass St. in April 2020 for $22.5 million, with the firm later receiving financing from Barings LLC to expand the site.[14] Construction broke ground for the 15-story Douglass St. building in November 2023.[15]

The Green House, a 12-story residential building located in Long Island City, Queens, completed construction in January 2023. Designed by Studio V Architecture and financed by Santander Bank, Green House features three art murals by FAILE as well as an interactive light installation by Jen Lewin.[16] [17]

In May 2023, Charney Co. broke ground on 310 and 340 Nevins Street, a two-building residential project in Gowanus, Brooklyn. Plans for the 600,000 square-foot complex include: 654 rental units, ground-floor retail space, and a public waterfront esplanade designed by James Corner field opps.[18]

585 Union Street, a nine-story mixed-use building designed by Fogarty Finger Architects, topped out in November 2023. Managed by Charney Co., the development is part of the larger Gowanus Wharf campus, which also includes the Douglass and Nevins properties.[19]

In March 2024, the firm acquired 99 Claremont in Morningside Heights, with plans to convert the property into off-campus student housing for Columbia University.[20]

Notes and References

  1. Web site: Charney Companies Celebrates Ten-Year Anniversary. City Biz. July 31, 2023. June 25, 2024.
  2. Web site: Charney Companies Announces The Green House, A One-Of-A-Kind Residential Destination, Is 90% Leased. City Biz. March 28, 2023. June 25, 2024.
  3. Web site: Interview With The Developer: Sam Charney. IMBY. April 4, 2014. Nikolai Fedak. June 25, 2024.
  4. Web site: Excavation Ready To Begin At 11-51 47th Avenue In Long Island City. YIMBY. December 11, 2015. VITALI OGORODNIKOV. July 11, 2024.
  5. Web site: The Jackson At 11-51 47th Avenue Rises Ten Floors, With One More To Go. YIMBY. October 4, 2016. VITALI OGORODNIKOV. July 11, 2024.
  6. Web site: Pricing and Renderings Released for the Jackson, Industrial-Inspired Condo in Long Island City. 6sqft. February 22, 2016. Ondel Hylton. July 11, 2024.
  7. Web site: Long Island City's art-inspired condo The Jackson debuts a model apartment. Curbed. April 28, 2017. Tanay Warerkar. July 11, 2024.
  8. Web site: Charney Plans A 22-Story Mixed-Use Tower At 263 South 5th Street, Williamsburg. New York IMBY. July 27, 2016. Rebecca Baird-Remba. June 6, 2024.
  9. Web site: LPC Approves Dime Savings Bank Of Williamsburgh’s Rebirth As Foundation Work Begins For 209 Havemeyer Street, Williamsburg. New York IMBY. March 7, 2018. Andrew Nelson. June 6, 2024.
  10. Web site: Leasing launches at Williamsburg’s historic Dime Savings Bank, rentals from $3,000/month. 6sqft. May 19, 2020. Devin Gannon. June 23, 2024.
  11. Web site: Mural by famed street artist unveiled near landmarked Williamsburg bank. Brooklyn Paper. May 28, 2020. Rose Adams. June 23, 2024.
  12. Web site: Revel Opens New York’s Largest Ultra-Fast Electric Vehicle Charging Hub At ‘The Dime’ In Williamsburg, Brooklyn. IMBY. May 5, 2023. SEBASTIAN MORRIS. June 23, 2024.
  13. Web site: Sam Charney Revamps Development Firm, Launches In-House Brokerage. Commercial Observer. January 16, 2020. REBECCA BAIRD-REMBA . July 1, 2024.
  14. Web site: Gowanus developers land $120M in construction financing for 261-unit project. Crain's. Jul 31, 2023. Eddie Small. July 1, 2024.
  15. Web site: 251 Douglass Street Breaks Ground In Gowanus, Brooklyn. YIMBY. November 16, 2023. MAX GILLESPIE. July 1, 2024.
  16. Web site: Three Large Murals Going up on New 12-Story Apartment Building in LIC. LIC Post. June 28, 2022. Michael Dorgan. July 8, 2024.
  17. Web site: Developer doesn’t scrub, but instead celebrates, graffiti in Queens. Crain's. July 19, 2022. C.J. Hughes. July 8, 2024.
  18. Web site: Excavation Imminent For Four-Building Complex At 300 Nevins Street In Gowanus, Brooklyn. IMBY. May 29, 2023. Michael Young. Matt Pruznuck. June 23, 2024.
  19. Web site: 585 Union Street Tops Out In Gowanus, Brooklyn. IMBY. November 26, 2023. Max Gillespie. June 25, 2024.
  20. Web site: Madison Realty Capital Lends $55M on Morningside Heights Student Housing Project. Commercial Observer. March 28, 2024. Andrew Coen. June 23, 2024.

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