Jason Halpern, a third generation real estate developer, was born in Passaic, New Jersey is 46 years old and graduated from Rutherford High School in 1989. He began his real estate career at Halpern Enterprises, his late father founded. Halpern’s father, Joel, was not on only a real estate developer but he was a national champion and raced powerboats and unfortunately was killed, in that sport, in 1981,
In 2010, Halpern founded JMH Development LLC and is its Managing Partner. An active developer must find undeveloped land whose real value has not been determined. Land acquisition and assemblage can be risky if the developer does not have development rights, such as zoning. Another technique is to acquire run-down warehouses or an area that is subject to gentrification. Gentrification is replete with local resistance who want to maintain historic buildings, open spaces and to be able to afford to rent properties.
Jason Halpern has managed to assemble land in New York City, Las Vegas, Miami Beach and Southern California. The next step is financing the development and land use approval from local governments.
Jason Halpern’s family operated a successful development company which was in business for over 50 years. The company developed and managed properties such as residential apartments in New York City and high-end commercial space in Westchester, N.Y. Jason Halpern also found success in constructing and managing numerous properties in New York. Halpern’s philosophy is to restore historic properties. For instance, he purchased a landmark building to redevelop and maintain in New York City.
It was not unusual for Halpern to work on projects in New York and Miami at the same time. He has been successful in completing more than $500 million in projects. He co-developed the Aloft South Beach in Miami which was more than 200 rooms. This project was renamed The Gates Hotel South Beach, and it was sold to a Boston real estate company, the Rockpoint Group.
In 2010, he worked with the Kushner Companies to convert the Wild Turkey bourbon warehouse in Williamsburg, Virginia into 338 condos. He bought the Brooklyn Heights Cinema and built nine luxury condos.
In 2015, much to Halpern’s credit, he initiated a relationship with non-profit global charity in Miami’s Three Hundred Collins residential development. He donated $20,000 to water projects in Ethiopia and Nepal. Therefore, JMH Development was successful in helping to bring safe water, to the Relief Society of Tigray and Splash, to Ethiopian and Nepalese citizens.
Jason Halpern followed in his father’s footsteps which also included racing. As a tribute to his father, he contributed to the Joel A. Halpern Trauma hub, at the Westchester Medical Center, which offers heart surgery, orthopedic surgery, and reconstruction of detached limbs.