Jemal tells GlobeSt.com that now is the right time to launch the new company "because of the critical mass that SSJ Development has amassed over the course of the last 11 to 12 years." He adds that it is "the ideal time not just from the point of view of time to build but also for quality control. It will speed up how long it takes to build and we will be able to build with better materials and spend less money--stay on budget, and pass the value onto the buyer. It will also help ensure retail price is very reasonable--our buyer will be getting the highest quality unit at the best price and we are not spending years tied up… ."
 Jemal |
The new company will be based in the same office as SSJ Development. Because of the creation of SSJ Construction, the Riviera vision is brought closer to fruition, Jemal says. The Riviera developments, as GlobeSt.com previously reported, is a planned $30 million mix of single- and two-family townhomes on a three-acre site in Gerritsen Beach here, however Jemal tells GlobeSt.com that in 2006 when that number was $330 million, it was only construction cost for a couple of projects. "Now we're looking at spending closer to $30 billion," he says, pointing out that now the Riviera vision has expanded nationally, "and eventually internationally."
The Riviera developments will feature waterfront promenades along the newly stabilized waters edge, refurbished docks and boat slips extending from the repaired bulkheads. Communal pools will overlook water newly cleared of sunken boats, broken pilings and other unsightly debris. SSJ Construction will be responsible for all building aspects will ensure quality craftsmanship, speed and efficacy. Jemal says that construction is currently in progress at Sheepshead Bay I and Mill Basin I; Cape May will break ground later this summer followed by Gerritsen Beach, he says.
Jemal previously has said that the firm has other redevelopment efforts along the Brooklyn waterfront in communities including Bensonhurst, Bergen Beach, Mill Basin and Sheepshead Bay. "Having every facet of the Riviera developments centralized also enables us to achieve economies of scale," Jemal says.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
