Real Estate - New York, New York, United States
Bhatia Development is a privately-held development and management firm of premier Real Estate in the New York City area with four decades of experience.Since its inception in 1980, Bhatia Development has completed or is developing projects in Manhattan in excess of $1 billion dollars consisting of over 2,000 luxury condominiums, co-ops and rental units, and currently holds approximately $300M in Assets Under Management across various asset types in its portfolio. The early focus of Bhatia Development mainly focused on the ground up development of high-rise luxury condominium projects, such as The Dunhill, The Whitney, The Stanford, and the national award-winning project of The Strand.As the Real Estate business dramatically changed worldwide in the early and mid-90s, Bhatia Development diversified by offering development and management expertise to institutions and investors through a newly formed organization called AIB Management Corp. In ten years, this venture has grown into developing, marketing, selling and leasing several successful projects with a combined value of $175 million.Starting in 2001, the organization diversified its portfolio and expanded its focus to include dormitories, creating over 1,900 leading-edge living spaces in Manhattan with beautiful finishes and exceptional amenities like fully equipped state of the art gyms, lounges, and study areas.Bhatia Development has maintained its strong tradition in luxury development by creating challenging projects in Manhattan's Historic Districts that conform to the Landmark Preservation Commission's guidelines. Examples include the ground-breaking success of 139 Wooster Street in SoHo, and the most recent project (in development) 10 West 17th Street. This newest super-luxury project will feature 15 spacious condominium units with views of the World Trade Center and Empire State Building.
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