The Hudson Companies

What The Hudson Companies does

The Hudson Companies Incorporated is a private, vertically integrated New York City real estate development firm founded in 1986 by William Fowler, Alan Bell, and Nick Lembo. The company develops market-rate and affordable residential housing (condominiums, cooperatives, townhouses, and rental), institutional housing for universities and academic medical centers, and neighborhood-serving retail, office, and community facility space. As of 2026, Hudson has completed more than 6,400 residential units with over 5,000 additional units in pre-development, development, and construction phases, and has developed approximately 320,000 square feet of commercial space across roughly 100 neighborhood storefronts, primarily in Brooklyn, Manhattan, the Bronx, Staten Island, and Roosevelt Island.

Hudson's core products span the full affordability spectrum, from supportive housing for formerly homeless individuals and HIV/AIDS survivors (through partnerships with nonprofit service providers) up to 100%-130% AMI workforce housing under the Affordable New York program and luxury market-rate product such as One Clinton in Brooklyn Heights. The firm sources the majority of its pipeline through competitive designation by New York City public agencies — HPD, HDC, NYCEDC, RIOC — and through long-standing joint ventures with institutional partners including Related Companies, Cornell Tech, NYU, Weill Cornell Medicine, and Memorial Sloan Kettering. The development platform is reinforced by two wholly-owned affiliates: Broadway Builders (general contracting, founded 2010, WBE-certified) and Lisa Management (property management, 2,000+ units, 100+ retail spaces), enabling internalization of construction delivery and ongoing asset operations.

The revenue model is multi-stream and project-driven: developer fees, equity returns, and promote distributions from joint venture projects; for-sale revenue on completed market-rate condominiums and townhouses; recurring management and leasing fees through Lisa Management; construction contracts through Broadway Builders (including third-party work); and complex capital stacks combining LIHTC equity, HDC tax-exempt bonds, HPD city capital, NYSERDA incentives, and conventional construction and permanent financing. Notable sustainability technical achievements include the world's largest Passive House-certified building at completion (The House at Cornell Tech, 2017), the largest solar PV array on a residential building in New York State (Gateway Elton Street, one million watts), and the first LEED for Homes Platinum Mid-Rise project in New York City (Third + Bond, 2011), with over 90% of post-2007 developments achieving LEED certification.

Name

The Hudson Companies

Legal name

The Hudson Companies Incorporated

Website

https://hudsoninc.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

The Hudson Companies is a private, vertically integrated New York City real estate developer founded in 1986 that builds market-rate, affordable, supportive, and institutional housing alongside neighborhood retail and community facilities, serving NYC public agencies, universities, medical centers, and individual buyers and renters.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Residential Building Construction (2361), New Multifamily Housing Construction (except For-Sale Builders) (236116), New Housing For-Sale Builders (236117), Real Estate Property Managers (53131), Lessors of Residential Buildings and Dwellings (53111)

SIC

Operative Builders (1531), Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Multifamily (Apartment) Property Management (BPAJAGAD), Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), New Construction & Builder Sales (BPAJAAAB)

Keywords

• Real estate development
• Affordable housing
• Market-rate housing
• Institutional housing
• Public-private partnerships

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Residential Real Estate Development and Sales: Hudson develops and sells market-rate and affordable residential units including for-sale condominiums, co-ops, and townhouses. Revenue is realized upon sale of completed units. Hudson has completed over 6,400 residential units and has over 5,000 more in the pipeline. Also develops and sells commercial condominium units (e.g., The Marais converted from rental to co-op during construction; The Breeze commercial spaces).
2. Property Management and Leasing Services: Affiliate Lisa Management manages over 2,000 units across rental, condominium, and cooperative buildings, plus over 100 neighborhood retail spaces. Revenue generated through management fees and leasing commissions.
3. General Contracting and Construction Management: Affiliate Broadway Builders, founded in 2010, provides ground-up multifamily construction, affordable preservation renovation, and retail fit-out services for Hudson-developed projects and third-party clients. Revenue through construction contracts.
4. Joint Venture Development Fees and Equity Returns: Hudson enters joint ventures with public agencies, non-profit partners, and institutional investors on complex projects. Revenue includes development fees, promote distributions, and equity returns on invested capital. Public-private partnerships utilize complex financing from HDC, HPD, NYSERDA, LIHTC, and private capital.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

The Hudson Companies develops, builds, and manages residential and mixed-use real estate across New York City, with a portfolio spanning market-rate housing (condos, co-ops, rentals), affordable and supportive housing (30%-130% AMI), and institutional housing for universities and academic medical centers. The firm delivers projects through wholly-owned affiliates: Broadway Builders (general contracting) and Lisa Management (property management across 2,000+ units), serving both individual buyers/renters and institutional/government partners through public-private partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Market Rate Housing Development Market-rate residential development including condominiums, co-ops, rentals, and townhouses across NYC neighborhoods, ranging from luxury high-rises to mid-market and boutique product.
• Affordable Housing Development Affordable rental housing development and preservation, including new construction and rehabilitation of affordable units across income levels from 30% to 130% AMI, with supportive housing for formerly homeless and vulnerable populations.
• Institutional Housing Development Housing developed in partnership with universities, academic medical centers, and research institutions to serve student, faculty, postdoctoral, and staff housing needs, often structured as joint ventures with ground lease or sale-after-stabilization.
• Office, Retail and Community Facility Development Development and management of office, retail, and community facility spaces including neighborhood storefronts, libraries, schools, medical offices, and workforce development centers integrated into Hudson's residential developments.
• Lisa Management Property Management Services Property management services for rental, condominium, and cooperative apartment buildings plus neighborhood retail spaces, with over 2,000 units in managed portfolio and 100+ retail locations.
• Broadway Builders General Contracting Services Full-service general contracting and construction management specializing in ground-up multifamily construction, affordable preservation renovation, and retail fit-out, serving Hudson-developed projects and third-party clients.
• The House at CornellTech 26-story, 352-unit Passive House certified institutional housing on Roosevelt Island serving Cornell Tech graduate school students, faculty, and affiliates.
• La Central Affordable Housing Development Major mixed-use affordable housing development in Melrose, The Bronx comprising 992 units across multiple phases with YMCA, BronxNet studio, community facilities, and retail.
• The Peninsula Mixed-Use Campus 740-unit mixed-use campus redevelopment in Hunts Point, Bronx with affordable housing, light industrial space, commercial, community facility uses, and publicly accessible open space.
• Greenpoint Hospital Adaptive Reuse Adaptive reuse of historic hospital campus in East Williamsburg, Brooklyn into 514 units of affordable housing with a 200-bed men's shelter, community facilities, cafe, and workforce development center.
• One Clinton Luxury Condominium 38-story, 134-unit luxury condominium tower in Brooklyn Heights with integrated public library branch, retail, and STEM lab.
• Gateway Elton Street Affordable Housing Three-phase affordable housing development in Spring Creek, Brooklyn with 659 total apartments, ground-floor retail and community facility space, and one million watts of renewable solar energy.
• Riverwalk Neighborhood Roosevelt Island Multi-phase Roosevelt Island neighborhood development comprising approximately 2,000 residential units across 9 buildings with 40% affordable and ground-floor retail.

Quantifiable outcome

• Largest Passive House building in the world (The House at Cornell Tech) — 60-80% energy consumption reduction vs. standard code buildings
• +6 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

32 partnerships are on record, tiered core and major.

• Related CompaniescoreStrategic or Co-development PartnerLong-standing joint venture partner with Hudson on the Riverwalk neighborhood on Roosevelt Island since the 1997 RIOC designation. Multiple buildings co-developed including 465 Main Street, 475 Main Street, Riverwalk Place, Riverwalk Landing, Riverwalk Court, Riverwalk Crossing, Riverwalk Point, Riverwalk Park, and Riverwalk Heights. Also partners on various other projects including Cobble Hill Towers.
• Broadway BuilderscoreImplementation/ SI/ Consulting PartnerHudson's affiliate general contractor founded in 2010. WBE enterprise providing ground-up multifamily construction, affordable preservation renovation, and retail fit-out. Also operates as the company's own general contracting arm and provides construction management services for Hudson projects and third-party clients. In 2026, Hudson and Broadway Builders entered a joint 18,200 RSF headquarters lease at 902 Broadway.
• Lisa ManagementcoreChannel Partner/ Reseller/ DistributorHudson's affiliate property management company established in 1997, managing over 2,000 units across rental, condo, and co-op buildings plus over 100 neighborhood retail spaces. Provides residential marketing, lease-up services, and ongoing leasing for market-rate and affordable residential properties. Properties managed include The Clinton, Cobble Hill Towers, The Parkline, BEC portfolio, and 100,000 SF of retail on Roosevelt Island.
• Cornell Tech / Cornell UniversitycoreStrategic or Co-development PartnerJoint venture partner on The House at Cornell Tech, a 26-story, 352-unit Passive House residential tower on Roosevelt Island. At completion, it was the largest Passive House building in the world. Hudson partnered with Cornell Tech, Related Companies, and Monadnock Construction. The project was awarded USGBC Project of the Year in 2017.
• New York University (NYU)coreStrategic or Co-development PartnerPartner on Founder's Hall, a 26-story, 700+ bed dormitory for first-year students on the East Village. Development made possible by purchasing air rights from a neighboring landmarked US Post Office and maintaining the facade of a former St. Ann's church. NYU purchased the property from Hudson after the first year of occupancy.
• Weill Cornell MedicinecoreStrategic or Co-development Partner465 Main Street on Roosevelt Island was developed specifically for Weill Cornell Medicine postdoctoral associates and their families. Riverwalk Landing and Riverwalk Place also include units for Weill Cornell Medicine faculty. Buildings include fitness center, garden, lounge, roof deck, and 24-hour attended lobby.
• Memorial Sloan Kettering Cancer CentercoreStrategic or Co-development Partner475 Main Street on Roosevelt Island was developed as staff residences for Memorial Sloan Kettering Cancer Center. Building includes fitness center, garden, lounge, daycare center, and 24-hour attended lobby.
• NYC Economic Development Corporation (NYCEDC)coreStrategic or Co-development PartnerNYCEDC designated Hudson, Gilbane Building Company, and Mutual Housing Association of NY (MHANY) through competitive bid to redevelop the former Spofford Youth Detention Facility in Hunts Point, Bronx into The Peninsula — a mixed-use campus with 740 affordable housing units, light industrial space, commercial, community facility uses, and 52,000 SF of publicly accessible open space.
• Gilbane Building CompanycoreStrategic or Co-development PartnerJoint venture partner with Hudson on The Peninsula (Spofford Youth Detention Facility redevelopment). Gilbane is a national construction and real estate development firm. Phase 2 of The Peninsula landed $297M in financing (2023).
• Mutual Housing Association of NY (MHANY)coreStrategic or Co-development PartnerJoint venture partner with Hudson on The Peninsula redevelopment of the Spofford Youth Detention Facility in Hunts Point, Bronx. MHANY is a non-profit housing organization.
• St. Nick's AlliancecoreStrategic or Co-development PartnerHudson in partnership with St. Nick's Alliance designated by HPD to redevelop the Greenpoint Hospital Campus in East Williamsburg, Brooklyn. The partnership transforms the historic hospital campus (unoccupied since 1982) into 514 units of affordable housing, 200-bed men's shelter, open spaces, cafe, community facility, and workforce development center.
• Project RenewalcoreStrategic or Co-development PartnerPartner with Hudson and St. Nick's Alliance on the Greenpoint Hospital Campus redevelopment. Also partnered on the Barbara Kleiman Men's Shelter (Kingsland Commons) which broke ground in April 2023 as part of the mixed-use development in East Williamsburg.
• Housing WorkscoreStrategic or Co-development PartnerHudson in partnership with Housing Works designated by HPD to develop The Lirio at 806 Ninth Avenue in Hell's Kitchen. The project includes 67 supportive housing units for formerly homeless individuals (59 for long-term HIV/AIDS survivors) plus 44 affordable family units and an MTA office.
• Breaking GroundcoreStrategic or Co-development PartnerPartner in La Central development in Melrose, Bronx. Breaking Ground is developing a 160-unit supportive housing and low-income building (Building D) as part of the overall 992-unit La Central affordable housing community. Also developed a state-of-the-art YMCA as part of the project.
• ComunilifecoreStrategic or Co-development PartnerPartner in La Central development, developing a 160-unit supportive housing and low-income building (Building D). Comunilife recognized Aaron Koffman with a 2018 Corazon Award for commitment to affordable housing.
• Excelsior Housing GroupmajorStrategic or Co-development PartnerHudson in partnership with Excelsior Housing Group developing Pelham House, a 127-unit transit-oriented rental building in the Village of Pelham, NY. Excelsior is a mission-driven affordable housing developer.
• Sisca NortheastmajorStrategic or Co-development PartnerPartner with Hudson and Excelsior Housing Group on Pelham House development in Pelham, NY. Sisca Northeast is a development partner in the transit-oriented mixed-use project.
• Project HospitalitycoreStrategic or Co-development PartnerJoint venture with Staten Island non-profit Project Hospitality for Castleton Housing, a 48-unit supportive and affordable housing development in Port Richmond, Staten Island. Project Hospitality provides on-site supportive services and operates the ground floor community center. The project was financed through HPD's Supportive Housing Loan Program and LIHTC.
• Jericho ProjectcoreStrategic or Co-development PartnerPartner with Hudson and HELP USA on Logan Fountain, a $215M mixed-used affordable housing development in Brooklyn's East New York. Jericho Project provides supportive services for homeless veterans and other populations.
• HELP USAcoreStrategic or Co-development PartnerPartner with Hudson and Jericho Project on Logan Fountain, a $215M mixed-used affordable housing development in East New York, Brooklyn. HELP USA provides homeless services and workforce development.
• Roosevelt Island Operating Corporation (RIOC)coreStrategic or Co-development PartnerRIOC designated Hudson and Related Companies in 1997 to create the Riverwalk neighborhood on Roosevelt Island per the island's General Development Plan designed by Philip Johnson and John Burgee. RIOC continues to partner on Roosevelt Island projects including Riverwalk Heights.
• Monadnock ConstructioncoreImplementation/ SI/ Consulting PartnerConstruction partner on numerous Hudson projects including The House at CornellTech, Founder's Hall, 465 Main Street, 475 Main Street, The Marais, 345 West 13th Street, The Crossroads, Hudson East, and others. A trusted construction manager for complex NYC projects.
• Handel ArchitectscoreTechnology or IntegrationArchitect on The House at CornellTech, the 26-story, 352-unit Passive House tower on Roosevelt Island that was the largest Passive House building in the world at completion.
• Steven Winter AssociatescoreTechnology or IntegrationSustainability consultants on The House at CornellTech and The Parkline, providing expertise in Passive House design, energy modeling, and green building certification.
• Buro Happold EngineerscoreTechnology or IntegrationEngineering partner on The House at CornellTech, contributing to the Passive House design and energy efficiency systems.
• MHG ArchitectscoreTechnology or IntegrationLead architect on La Central A & B (496 units in Melrose, Bronx) and Alan Epstein Apartments (Gateway Phase II, 175 units). Also on La Central C & E (424 units, 2028).
• Marvel ArchitectscoreTechnology or IntegrationLead architect on House No. 94 (75 units, Williamsburg), The Peninsula (740 units, Bronx), Pelham House (127 units), and 975 Nostrand (328 units, Crown Heights). Also on The Clark renovation and One Clinton.
• CetraRuddy ArchitecturecoreTechnology or IntegrationArchitecture firm on The Lois (250 units, Prospect Lefferts Gardens) and The Lirio (112 units, Hell's Kitchen).
• Dattner ArchitectscoreTechnology or IntegrationLead architect on Gateway Elton Street Phase III (287 units, Spring Creek), the final phase of the Gateway Elton Street development that added 659 total apartments across three phases.
• Brooklyn Public LibrarycoreStrategic or Co-development PartnerPartner on One Clinton project, which includes redevelopment of the Brooklyn Heights branch of the Brooklyn Public Library. A new 26,650 SF state-of-the-art library branch was built as part of the project, replacing the original branch.
• NYC Department of EducationcoreStrategic or Co-development PartnerThe One Clinton project includes a 9,000 SF STEM lab operated by the NYC Department of Education as part of the mixed-use development at the former Brooklyn Heights Library site.
• Maple Street SchoolcoreStrategic or Co-development PartnerCooperative preschool and long-standing Prospect Lefferts Gardens institution. Hudson, Marvel, and Maple Street School architects worked closely on build-out of the award-winning school space at The Parkline. School received AIANY 2017 Design Merit Award.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Extell Development Company: Extell is a NYC incumbent developer of large-scale luxury market-rate and mixed-use developments (e.g., One Manhattan Square, 50 West). Comparable to Hudson's market-rate condo and rental product but focused more on luxury than affordable or middle-income tiers.
• Taconic Investment Partners: Taconic is a NYC-focused multifamily developer and owner with affordable and market-rate holdings, comparable in geography and product mix but operating at broader scale and with more institutional private equity ownership.

Direct peers

• L+M Development Partners: L+M is one of NYC's largest developers of affordable, mixed-income, and market-rate housing, closely mirroring Hudson's multi-tier housing strategy, public-private partnership orientation, and pipeline of 1,000+-unit mixed-use communities across the five boroughs.
• The Related Companies: Related is Hudson's longstanding JV partner on Roosevelt Island's Riverwalk and a peer in NYC affordable, mixed-income, and market-rate development at a much larger scale. Both share deep public-private partnership expertise, affordable preservation, and institutional housing experience.
• A&E Real Estate: A&E is a NYC-focused affordable and mixed-income multifamily developer with a track record of HPD and HDC public-private partnerships and inclusionary housing projects, directly comparable to Hudson's affordable housing pipeline and LP/HDC financing relationships.
• Phipps Houses: Phipps is a NYC nonprofit/affordable housing developer with a long HPD-partnered pipeline of new construction and preservation projects, comparable to Hudson's 30+-year affordable housing track record and reliance on HPD/HDC/LIHTC financing programs.
• BRP Companies: BRP is a NYC affordable and supportive housing developer with deep HPD designation experience (similar to Hudson's pipeline of La Central, Logan Fountain, The Lirio) and a comparable focus on mixed-use communities combining housing with community facilities.

Others

• Gilbane Building Company: Gilbane is Hudson's JV partner on The Peninsula (Spofford redevelopment) and a large national construction/real estate firm. Compares to Broadway Builders as a tier-one multifamily general contractor and co-developer in NYC affordable housing projects.
• Monadnock Construction: Monadnock is Hudson's long-standing general contractor for major projects (House at Cornell Tech, Founder's Hall, 465/475 Main Street) and a peer within the NYC affordable, institutional, and market-rate multifamily construction ecosystem.

Emerging players

• Breaking Ground: Breaking Ground is a NYC supportive and affordable housing nonprofit that partners with Hudson on La Central's Building D. It is a partial peer in the supportive housing production model that Hudson executes through HPD Supportive Housing Loan Program designations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/thehudsoncos
• LinkedInlinkedin.com/company/the-hudson-companies-inc-
• Instagraminstagram.com/thehudsoncos

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Hudson Companies