CORPORATE
Moinian Group – 40 years later with much more to come…
Commercial Observer | Aug 15, 2023
CORPORATE
Moinian Group – 40 years later with much more to come…
Commercial Observer | Aug 15, 2023
At a time when developers are facing a slew of headwinds, The Moinian Group has been succeeding with its long-held philosophy of ground-up, best-in-class development as opposed to acquisitions. Partner Insights spoke with company Founder and CEO Joseph Moinian and Principals Matthew Moinian and Mitchell Moinian about why the company’s current development slate is prospering.
Commercial Observer: Tell us about the residential side of Moinian’s portfolio.
Joseph Moinian: Every building is designed to convey a unique character. Oskar, for example, was originally built to be a condo and has some of the highest-end finishes in the city for a residential rental, with rarities such as expansive balconies, kitchen windows and radiant floor heating. A recent Brooklyn addition, PLG, has magnificent panoramic views of the entire New York City skyline while also boasting one of the highest resident-to-amenity ratios of any building, with over 50,000 square feet spread across multiple levels.
With 2 Washington, we converted an office building to 345 residential units, and incorporated one of the best rooftop pool decks in Manhattan in addition to bringing different amenities to every floor. Our most recent development, Bezel, allowed us to bring our New York standards to Miami, making it amongst the most successful buildings in the area.