Jason Halpern: Real Estate Mogul and Visionary

Posted in Real Estate on Jan 05, 2017

If you happen to be in the market for a luxury apartment in New York City or South Florida, you’ve probably heard of JMH Development Co. which has been dominating the real estate industry for over 50 years.

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The family-owned company is lead by Jason Halpern, a third generation real estate mogul who’s been in the business for nearly his entire life. After Halpern’s father, Joel A. Halpern, was killed in a boating accident in 1981 he’s worked hard to carry on his father’s ambitions and even carve out his legacy.

Jason Halpern, Milana

Jason Halpern, Milana

As a multimillionaire, father and husband, at 45 years young, Halpern has no plans for slowing down. In fact, His favorite R&R activity is zipping down a runway in an expensive car. “Speed relaxes me,” he told TheRealDeal.

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He manages various projects in areas of Brooklyn and South Florida, where he has offices. Jason has invested $500 million in projects across New York state; one of which includes a warehouse on 184 Kent Ave. in Brooklyn, where he transformed the shoddy, vacant, hollow home, into a lively complex encompassing 384 luxury apartments. Halpern also contributed to the growth of townhomes in New York state with his “Cobble Hill” project, where JMH added, in total, nine new luxury townhomes to the larger Brooklyn area. Fun fact: those townhomes were originally built in the 1850s.

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JMH also teamed up with Madison Estates in 2014 to purchase the oldest movie theater in Brooklyn for $7.5 million. The two renovated Brooklyn Heights Cinema, which was originally built in 1895, into a five-story rental property.

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Jason focuses on building within historic districts, first gaining rapport from the communities he’s working in while remaining sensitive to the significance that his other properties have from a historical standpoint. “Respecting the community in which you develop,” is Jason’s go-to motto.

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In 2015, JMH finished work on the Aloft South Beach hotel in Miami, Florida with the help of Madden Real Estate Ventures. The project renovated the old Motel Ankara in Miami Beach and turned it into a whole new structure.

Daniel de la Vega, Aviv Siso, Laura Garcia, Louis Buckworth, Jason Halpern, & Thomas Juul-Hansen

Daniel de la Vega, Aviv Siso, Laura Garcia, Louis Buckworth, Jason Halpern, & Thomas Juul-Hansen

The Aloft South Beach Hotel was later sold to the Boston real estate company, Rockpoint Group, for $105 million, who changed its name to The Gates Hotel South Beach. Halpern confirmed the deal on Sept. 22 of last year.

It’s been an adventurous 15 years for Halpern, as the head of his family’s company. His job might feel more like a circus act to outsiders – seeing him juggle the number of different projects he has on his plate.

Jason, despite being so busy, has followed the New York Giants game-to-game with his teenage son, Max. They were there for the Giants 2012 Super bowl win in Indianapolis. And recently, he went bungee jumping off a bridge in Zimbabwe, with his wife Veronika, during a trip to celebrate their friend’s 40th birthday.

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