SSJ Development Launches Construction Company

BROOKLYN, NY-Locally based SSJ Development LLC, led by Stephen Jemal, has created SSJ Construction LLC. The new company is expected to accelerate construction of all of the firm’s projects, maintain quality controls and hopes to minimize costs and adhere to project deadlines and guidelines.

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

He tells GlobeSt.com that the idea of launching the new company was always there, it was just a matter of the right timing, “and timing is now perfect.” He further explains that with the increase in cost of construction materials, this is a great area to tighten things up. “What I’m spending in material, I can save in construction. I can keep control by keeping things centralized” rather than by being outsourced as if was previously, he explains.

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.”