Simon Dushinsky Explained

Simon Dushinsky
Birth Place:Israel
Occupation:Real Estate Developer
Known For:co-founder of the Rabsky Group
Children:seven
Spouse:married

Simon Dushinsky (born 1972) is an American real estate developer who co-owns the New York City-based Rabsky Group with his partner, Isaac Rabinowitz.

Biography

Dushinsky was born and raised in Israel and belongs to the Vizhnitz Hasidic Jewish community in Williamsburg, Brooklyn.[1] Dushinsky co-founded The Rabsky Group with Isaac Rabinowitz in the early 1990s and focused on developing condominiums for the Hasidic community. In 2002, he completed his first major development, a $40 million, six-building Park Plaza condo complex for Hasidic residents. In 2007, The Rabsky Group purchased a 50 percent stake in six industrial buildings owned by the Chetrit Group (founded by Joseph Chetrit) for $4 million. His firm lead the redevelopment of the buildings due to their familiarity with the neighborhood. As of 2015, his firm is working on several large projects in New York City including a 500-unit Bushwick rental building which is part of the Rheingold Brewery redevelopment[2] [3] [4] with 200 affordable housing units.[5] [6] a 777-unit rental building in Bedford-Stuyvesant on the former Pfizer Corporation site;[7] [8] and a 44-story, 400-unit residential rental building in Long Island City, Queens. In 2015 - in his first non-residential venture - he is partnering with Toby Moskovits’ Heritage Equity Partners to build a 400,000-square-foot office building in Williamsburg.

Dushinsky is currently focused on attracting young renters to Bushwick, Brooklyn which he sees as the next development hotspot. Along with fellow Hasidic developers Joseph Brunner, Isaac Hager, Yoel Goldman, and Joel Schreiber he is one of the most prominent developers in Brooklyn[9] [10] [11] credited with helping to gentrify Williamsburg, Bushwick, Greenpoint, Borough Park, and Bedford-Stuyvesant.

Personal life

Dushinsky is known for being very private and modest. He is married with seven children. He has made political donations to the campaigns of Melinda Katz, David Yassky, and former City Council Speaker Gifford Miller.

Notes and References

  1. http://therealdeal.com/issues_articles/the-rabsky-riddle/ The Real Deal: "The Rabsky riddle - Firm head Simon Dushinsky is building more Brooklyn apartments than almost anyone, but public sightings are still rare" by Mark Maurer
  2. http://www.crainsnewyork.com/article/20140815/REAL_ESTATE/140819904/rheingold-beer-site-picks-up-new-investor Crain's New York: "Rheingold Beer site picks up new investor - Armed with profits from the sale of two Brooklyn properties, a big landlord throws the proceeds into a planned 1,000-unit residential project that will replace a property owned by the famous brewery" By Daniel Geiger
  3. http://ny.curbed.com/archives/2015/03/20/oda_designs_jagged_donut_building_for_huge_bushwick_project.php Curbed New York: "ODA Designs Jagged Donut Building For Huge Bushwick Project" by Zoe Rosenberg
  4. http://therealdeal.com/blog/2015/03/19/revealed-simon-dushinskys-rheingold-brewery-project/ The Real Deal: "Revealed: Simon Dushinsky’s Rheingold Brewery project ODA-designed 10 Montieth Street features nearly 400 units, 25K sf green rooftop" By Rich Bockmann
  5. http://www.nydailynews.com/life-style/real-estate/rental-complex-zigzag-green-roof-slated-bushwick-article-1.2156023 New York Daily News: "Developer wants to bring futuristic zigzag green roof to Bushwick brewery site" by Catherine Clark
  6. http://www.villagevoice.com/news/at-former-rheingold-site-in-bushwick-a-battle-brews-over-affordable-housing-and-gentrification-7529766 Village Voice: "At Former Rheingold Site in Bushwick, a Battle Brews Over Affordable Housing and Gentrification" by Neil deMause
  7. http://www.crainsnewyork.com/article/20150322/REAL_ESTATE/150329979/60-story-towers-yes-please Crain's New York: "60-story towers? Yes, please - But the prospect of more affordable housing triggers a spat among neighbors" by Joe Anuta
  8. http://therealdeal.com/blog/2015/03/22/rabsky-group-proposing-housing-and-retail-complex-in-brooklyn/ The Real Deal: "Rabsky Group proposes Williamsburg housing complex - The real estate firm wants to build a series of 10-story towers on a plot where three neighborhoods converge"
  9. Web site: LISTEN: TRD talks Hasidic real estate empire on WNYC: Ultra-Orthodox investors poured $2.5B into prime Brooklyn real estate . The Real Deal. August 26, 2016 .
  10. Web site: Mike . Maurer. Learning and earning: Hasidic Brooklyn's real estate machers: Investors from ultra-Orthodox sect have spent $2.5B+ in 5 areas over past decade: TRD analysis . The Real Deal. August 22, 2016 .
  11. Web site: Shimon . Weinberger . Chassidic Developers Dominate Brooklyn Real Estate Scene . Jewish Voice. August 24, 2016 .

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