The endeavors of innovative real estate developer Jason Halpern and JMH Development made Miami waves recently in a news article heralding the successfully completed conversion and sale of hotel Aloft South Beach to The Gates Hotel South Beach. JMH development, a New York-based rental and commercial property group, has a long and storied tradition- widely recognized among industry peers for family values, career innovation, and teamwork. As founder of JMH, Halpern also serves as director of Parametric Dining LLC, a consumer electronics company specializing in mobile software.
Real estate development, also known as property development, revolves around processes such as lease processing, raw land purchasing, renovation, or even “re-leasing”. The real estate developer is the term for the individual, personnel, or companies involved, that organize and facilitate the completion of tasks associated with such. It is important to note that traditionally, the realm of real estate development excludes construction processes. Distinctively different from traditional real estate development companies, JMH Development will fulfill certain aspects and procedures of the construction process.
In a recent Miami Herald article, “Aloft South Beach hotel sold for $105 million- and now it’s The Gates”, the exploits of Halpern are detailed with headline-making energy. Known for expertise specific to historic building renovation, Halpern’s work with the Aloft was considered ground-breaking and “adaptive reuse” of Motel Ankara, an old South Beach staple. The Aloft was then sold successfully by JMH after a major overhaul and distinctive renovation.
Halpern maintains strong community ties and plays an active role in all stages of real estate development, from blueprint editing and concrete pouring to site design and image branding. The staff of JMH all follow core principles founded by Halpern which include a vast knowledge of marketing and construction related to both the residential and hospitality real estate sectors combined with mixed-use property development.
The Miami Herald also revealed hidden insight into how Halpern operates and what motivations led to the implementation and utilization of profitable real estate strategies. Halpern attributes success to “respecting the community in which you develop.”
Halpern maintains an active social media presence while volunteering time to causes that are in dire need. The Joel A. Halpern Trauma Center at Westchester Medical Center is one location where Halpern can be found contributing. Also involved with the Relief Society of Tigray, Halpern demonstrates the importance of donating time to causes worth fighting for, such as the battle for clean water. Seemingly simple, clean water is a blessing many take for granted. Targeting impoverished regions at various locations throughout Africa, the Relief Society of Tigray seeks to ease living conditions in remote dilapidated areas by creating stable and consistent clean water access and storage.