Matthew Adam Properties has been chosen by BFC Partners to manage Jupiter 21, a 65-unit condop in the East Village.The 12-story building opened in the spring.
According to Ira Meister, president and CEO of Matthew Adam Properties, the company organized the pre-opening operations and recruited personnel, created job descriptions and established staff assignments. It also drafted the house rules and operating procedures, and worked with a designer on decorating the lobby and public areas and organizing move-ins.
“Jupiter 21 is an innovative concept and like most new developments it is essential that proper staffing, procedures and rules were in place from the opening,” Meister said. “We are now managing the property and facilitating move-ins.”
Jupiter 21, at 21 East First Street, corner of Second Avenue, has 13 condos, nine of which will be sold for $10 to occupants of the buildings that were previously on the site. The four remaining co-ops will be sold in a lottery with preference given to Lower East Side residents. The remaining 52 units will be market-rate rentals.
The property will also have two condominium retail spaces. TD Bank has committed to one of these.
“We have developed an excellent working relationship with Matthew Adam Properties and their experience and expertise are vital to providing the excellent quality of life we envision for our residents,” said Don Capoccia, CEO of BFC Partners.