Speaker
Eli Weiss
CEO
at
Joy Construction
Eli is CEO and serves as the Director of Development for Joy Construction Corp since joining in 2008. In that role, he runs the development and finance platform for Joy Construction which has been an active builder in New York City since 1995.
He is primarily involved in executing the development process as well the underwriting and closing of debt and equity financing for acquisitions and construction loan transactions with both public and private sector financial institutions. Additionally, he oversees and coordinates acquisitions and development joint ventures for Joy Construction.
Since joining Joy, Eli executed the acquisition and development of over 1,500 multifamily units including The Mantena (431 West 37th Street) a 112,000 sf/98 unit luxury rental building in Manhattan's Hudson Yards neighborhood where Joy served as the GC and Developer. The development set leasing benchmarks for Hudson Yards and was acquired by Equity Residential for $84,000,000 in September of 2012.
Eli executed the acquisition, development and disposition of The Nathaniel, 138 East 12th Street, an 85 unit luxury rental building in the East Village with 17,000 square feet of retail. The site was acquired in April 2011 and was completed in 2014. In February of 2015, the asset was sold to Wafra Investment Advisory for $98,250,000.
Additionally, Eli led the development team for of St Anns Terrace (www.stannsterrace.com), an affordable mixed income 850,000 square foot/641 apartment mixed use development in the South Bronx with 50,000 sq feet of fully leased grade retail. Commencing in 2009, with a total development cost of $225 million, St. Anns Terrace, was ranked as the 14th largest construction site in all of NYC including municipal projects such as the 2nd Avenue Subway Line and Water Tunnel #3.
Eli is currently managing the development of Webster Commons, a 475 unit mixed income community which received the 2016 NYSAFAH Award for Excellence in Development and Crotona Terrace, a 188 unit mixed use and mixed income project; both located in the Bronx.
Moreover, Eli has overseen the acquisition and joint venture development of, 411 West 35th Street, 445 West 35th Street, 444 Tenth Avenue and 330 East 62nd Street.
Eli graduated from Yeshiva University with a B.S. in Finance and from New York University with an M.S. in Real Estate Development. He also received his J.D. from Seton Hall School of Law where he wrote his thesis for current United States Supreme Court Justice Samuel A. Alito. Eli is admitted to practice law in the State of New York and served as an associate adjunct instructor at NYU where he taught a graduate level course on real estate finance and affordable housing.
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