Stuyvesant Town
Manhattan, United States
Client: Fortress Investment Group
Services provided:
Stuyvesant Town–Peter Cooper Village (known as StuyTown), is a large post–World War II private residential development on the east side of the New York City borough of Manhattan
The complex consists of 110 red brick apartment buildings on an 80-acre (32 ha) tract stretching from First Avenue to Avenue C, between 14th and 23rd Streets. Stuyvesant Town–Peter Cooper Village is split up into two parts: Stuyvesant Town, south of 20th Street, and Peter Cooper Village, north of 20th Street. Together, the two developments contain 11,250 apartments
David Woodward, (CEO CompassRock at the time), was directly responsible for all Asset and Property Management capabilities for over 21,000 residents across 110 multifamily buildings (including 45% of regulated rents for lower income families). Other responsibilities covered evolving security, placemaking and community engagement strategies, developing retail and commercial footprints and landscaping of the second largest green space in Manhattan, including seasonal ice-rink and markets.
As part of his role, David was subsequently led the sale of Stuytown to Blackstone Group and Ivanhoé Cambridge for $5.45 billion, which is still one of the largest multifamily transactions in history.
