And although middle- and low-income housing projects doesn’t sound the most lucrative, the 70-employee BRP is on a tear with about $1.12 billion worth of projects under development in New York City and Baltimore and already owns about 1.1 million square feet; another $900 million more are in planning stages.
In Brooklyn, BRP is in predevelopment stages for its Caton Flats mixed-use project that will replace the local flea-style Flatbush Caton Market at 794-814 Flatbush Avenue near Prospect Park.
And in a second phase of the Livonia Commons project in East New York, BRP is constructing 242 new affordable homes for low-income families, thanks to $43.1 million in tax credits from the New York City Department of Housing Preservation and Development.
Jumping to Jamaica, Queens, BRP broke ground this April on a 669-unit affordable housing project at 93-01 Sutphin Boulevard called The Crossings at Jamaica Station.
But following graduation, both found banking jobs in New York City—Marshall at Wasserstein Perella Co. and Flournoy at Salomon Brothers—and became roommates in 1992 in Fort Greene, Marshall’s old high school stomping ground.