NEW YORK CITY—Townhouse Management Co. chairman Richard H.M. Maidman—a second generation leader of one of the city's real estate dynasties—has died.

The late 83-year-old leader had been at the helm of the firm since the 1960s, when it was passed onto Maidman by his father,William Maidman, who started the company in 1933. Over the years Mitchel Maidman, Richard's son, has run the company as its president alongside his father.

As the chairman of Townhouse Management, Richard Maidman oversaw the construction and design of several residential and commercial buildings in Manhattan, including the Aurora, a 32-story tower on Third Avenue near 37th Street, with seven floors of condominiums above a long-term Marriott apartment hotel; and the Chelsea, an 18-story luxury apartment building on West 24th Street, which also was leased to Marriott/ExecuStay and sold to the London-based Berkshire Capital Group for $93 million.

Maidman also developed the East 63rd, 60-foot wide triple townhouse which now houses an private school—The Garden House—and luxury apartments that rent for $10,000 to $55,000 a month.

Over the last fifty years, Maidman, an attorney, helped steer Townhouse Management Co. to acquire, develop and manage thousands of units in hundreds of residential, commercial, retail and mixed-use properties throughout the metropolitan area.

Maidman grew the company to provide general contractor services on development projects and real estate related legal services through Maidman and Mittelman, a law firm based here with practice concentrations in the areas of real estate acquisitions, dispositions, financing, joint ventures, leasing, construction and development as well as general litigation matters.

Before going into the family real estate business, Maidman was an associate counsel with the law firm of Saxe, Bacon & O'Shea, where he assisted legendary area attorney Roy Cohn. Maidman also was partner in the law firm of Weiner, Maidman & Goldman and of counsel to the law firm of Shwal, Thompson & Bloch.

He developed properties in the District of Columbia as a principal of Realinvest and the Farr Cos., and was formerly the managing general partner of Barcelona Hotel in Miami Beach, FL. He served as a director of The Central Foundry Col, a NYSE listed company, and as a director of Microbiological Sciences, a NASDAQ listed company.

Although the Maidman family is no as famous other area real estate dynasties such, as the Rudins and the Dursts,  it has been involved in several significant local real estate transactions.

Back in 2001, the Maidmans sold the 22-story tower at 113 W. 42nd St. to the Durst family for $13.5 million, ending a decades long battle between the two families.

Richard Maidman wanted to convert the building into a hotel, while the Dursts wanted it as part of a site for an office tower anchored by the Bank of America.

“After 9/11, we didn't want to stand in the way of the building they wanted to build for Bank of America,” said Maidman at the time. All that he requested was that a plaque be hung in the bank building honoring his father, William, who bought the original building.

William Maidman started the real estate company back in the 1930's while he ran a successful ladies dress manufacturing business. “He made beautiful dresses for Eleanor Roosevelt,” Richard Maidman was proud to tell people about his father.

NEW YORK CITY—Townhouse Management Co. chairman Richard H.M. Maidman—a second generation leader of one of the city's real estate dynasties—has died.

The late 83-year-old leader had been at the helm of the firm since the 1960s, when it was passed onto Maidman by his father,William Maidman, who started the company in 1933. Over the years Mitchel Maidman, Richard's son, has run the company as its president alongside his father.

As the chairman of Townhouse Management, Richard Maidman oversaw the construction and design of several residential and commercial buildings in Manhattan, including the Aurora, a 32-story tower on Third Avenue near 37th Street, with seven floors of condominiums above a long-term Marriott apartment hotel; and the Chelsea, an 18-story luxury apartment building on West 24th Street, which also was leased to Marriott/ExecuStay and sold to the London-based Berkshire Capital Group for $93 million.

Maidman also developed the East 63rd, 60-foot wide triple townhouse which now houses an private school—The Garden House—and luxury apartments that rent for $10,000 to $55,000 a month.

Over the last fifty years, Maidman, an attorney, helped steer Townhouse Management Co. to acquire, develop and manage thousands of units in hundreds of residential, commercial, retail and mixed-use properties throughout the metropolitan area.

Maidman grew the company to provide general contractor services on development projects and real estate related legal services through Maidman and Mittelman, a law firm based here with practice concentrations in the areas of real estate acquisitions, dispositions, financing, joint ventures, leasing, construction and development as well as general litigation matters.

Before going into the family real estate business, Maidman was an associate counsel with the law firm of Saxe, Bacon & O'Shea, where he assisted legendary area attorney Roy Cohn. Maidman also was partner in the law firm of Weiner, Maidman & Goldman and of counsel to the law firm of Shwal, Thompson & Bloch.

He developed properties in the District of Columbia as a principal of Realinvest and the Farr Cos., and was formerly the managing general partner of Barcelona Hotel in Miami Beach, FL. He served as a director of The Central Foundry Col, a NYSE listed company, and as a director of Microbiological Sciences, a NASDAQ listed company.

Although the Maidman family is no as famous other area real estate dynasties such, as the Rudins and the Dursts,  it has been involved in several significant local real estate transactions.

Back in 2001, the Maidmans sold the 22-story tower at 113 W. 42nd St. to the Durst family for $13.5 million, ending a decades long battle between the two families.

Richard Maidman wanted to convert the building into a hotel, while the Dursts wanted it as part of a site for an office tower anchored by the Bank of America.

“After 9/11, we didn't want to stand in the way of the building they wanted to build for Bank of America,” said Maidman at the time. All that he requested was that a plaque be hung in the bank building honoring his father, William, who bought the original building.

William Maidman started the real estate company back in the 1930's while he ran a successful ladies dress manufacturing business. “He made beautiful dresses for Eleanor Roosevelt,” Richard Maidman was proud to tell people about his father.