What Menin Development does

Menin Development is a privately held commercial real estate firm founded in 1985 in New York City by Craig I. Menin and currently headquartered in Delray Beach, Florida. The company provides acquisition, development, redevelopment, leasing, and property management services for hospitality, food and beverage, Class A retail, office, and mixed-use properties, with current development concentrated in urban South Florida and select single-tenant acquisitions in upscale national markets such as Phoenix and New Orleans. Since inception, Menin reports having acquired, built, or improved more than $1.5 billion of commercial real estate spanning 25 million+ gross square feet, with $750 million+ currently owned or under active development.

The firm's portfolio includes flagship hospitality and mixed-use assets such as The Ray Hotel (a 141-room boutique property operated by Hilton under the Curio Collection by Hilton brand, opened September 2021), Crane's Beach House (a 28-suite boutique property), Delray Beach Market (a 150,000 sq ft food hall opened April 2021), and the One 10 mixed-use building; additional assets span anchored retail centers (Magnolia Park in Greenville, SC; Downtown at the Gardens in Palm Beach Gardens; PGA Plaza) and free-standing single-tenant sites leased to national operators including Target, Trader Joe's, Marshalls, Costco, Whole Foods, Cabela's, Cobb Theatres, and Raising Cane's.

Revenue mechanics combine development gains (property appreciation and dispositions), recurring rental income and property management fees (categorized in source data as recurring), and direct hospitality/F&B operations from hotel and food hall assets. Menin funds projects primarily through construction and acquisition debt — including a $30M loan for Delray Beach Market and a $72M loan for The Ray Hotel, both secured in 2019 — rather than institutional equity, with the company remaining entirely founder-owned under Craig Menin's leadership and operating with a small core team of fewer than 10 employees.

Name

Menin Development

Legal name

Menin Development

Website

https://menin.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

Menin Development is a private commercial real estate firm providing acquisition, development, redevelopment, leasing, and property management services for hospitality, food and beverage, Class A retail, office, and mixed-use properties across the United States, with current focus on South Florida.

Ownership category

akta.pro rank

Headquarters

HQ city

Delray Beach

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Property Acquisition and Development: Acquires, develops, and improves commercial real estate properties including hotels, restaurants, retail spaces, office buildings, and mixed-use developments. Revenue generated through property appreciation, rental income, and eventual property sales.
2. Leasing and Property Management: Leasing commercial space to tenants and providing property management services. Ongoing revenue from lease payments and management fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Menin Development is a commercial real estate firm that acquires, develops, redevelops, leases, and manages hospitality, food and beverage, Class A retail, office, and mixed-use properties across the United States, with current focus on urban commercial, hospitality, multi-family, and mixed-use projects in South Florida. Revenue is generated through long-term leases with national tenants, property appreciation, sales of developed assets, and ongoing property management fees.

Product overview

Menin Development is a commercial real estate development company offering a diversified portfolio of hospitality, food & beverage, retail/office, and residential properties. The company's core offerings include boutique hotels (The Ray Hotel, Crane's Beach House), large-scale food halls (Delray Beach Market), and restaurant concepts (Akira Back, Rosewater Rooftop, Johnnie Brown's). The company also develops and manages retail and office properties, and residential projects. Menin Development provides acquisition, development, redevelopment, leasing, and property management services for these property types across the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• The Ray Hotel A 141-room boutique hotel in Delray Beach's Pineapple Grove Arts District operated under Hilton's Curio Collection brand, featuring sustainable tropical modern design, living walls, and a 22,000-square-foot rooftop pool deck. Targets hospitality guests seeking a design-led boutique experience.
• Crane's Beach House A boutique hotel property in Delray Beach offering 28 luxurious beach-chic suites ranging from kitchenette studios to deluxe one-bedroom suites and luxury villas, with tropical courtyard, two pools, and a poolside tiki bar. Targets leisure travelers seeking beachside boutique accommodations.
• Delray Beach Market Florida's largest food hall at 150,000 square feet in downtown Delray Beach, featuring multiple dining concepts, event spaces, and flexible retail areas. Targets food and beverage operators as tenants and food-loving consumers as patrons.
• Akira Back Restaurant Multi-sensory Asian dining experience at The Ray Hotel, led by Michelin-starred chef Akira Back, featuring innovative interpretations of Asian fare with American influence. Targets hotel guests and destination diners.
• Rosewater Rooftop Premier rooftop lounge and pool at The Ray Hotel, spanning 22,000 square feet with indoor/outdoor space, signature bar, and cocktail experience designed by Studio Munge. Targets hotel guests and nightlife patrons.
• Johnnie Brown's Live music restaurant and bar on Atlantic Avenue in downtown Delray Beach, featuring American cuisine with a South Florida twist, wings, burgers, BBQ, and live entertainment seven nights a week. Targets local diners and visitors seeking casual American fare and live music.
• One 10 Approximately 50,000 square foot mixed-use building in downtown Delray Beach featuring two restaurants, retail space, and approximately 40,000 square feet of Class A office space. Targets retail, restaurant, and office tenants seeking a downtown Delray Beach location.
• The Linton Residential property development project in Delray Beach, Florida. Targets residential buyers or renters in the South Florida market.

Quantifiable outcome

• Over $1.5 billion in properties acquired, built and improved since 1985
• +2 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered flagship, core, major and strategic.

• Bounce Sporting ClubflagshipChannel Partner/ Reseller/ Distributor · 1 October 2022New York and Chicago's leading luxury sports lounge taking residence at Delray Beach Market (5,200 sq ft). First Florida location, slated to open early 2024.
• Hilton (Curio Collection)coreChannel Partner/ Reseller/ Distributor · 1 June 2019The Ray Hotel operates under Hilton's Curio Collection by Hilton brand. Hilton provides brand recognition, loyalty program integration (Hilton Honors), reservation systems, and operational standards while Menin Development handles property development and ownership.
• Akira Back RestaurantcoreChannel Partner/ Reseller/ Distributor · 1 November 2018Michelin-starred chef Akira Back operates signature restaurant at The Ray Hotel. This is one of Menin Development's flagship dining concepts at the hotel property.
• Johnnie Brown'scoreChannel Partner/ Reseller/ DistributorLong-standing restaurant tenant on Atlantic Avenue in Delray Beach, serving wings, burgers, BBQ and live music for over a decade.
• Rosewater RooftopcoreChannel Partner/ Reseller/ DistributorPremier rooftop lounge and pool operated at The Ray Hotel, designed by Studio Munge. Part of the hotel's food and beverage offerings.
• Lefkes EstiatorioflagshipChannel Partner/ Reseller/ DistributorPremiere dining and nightlife destination with modern take on traditional Greek cuisine. First Florida location (4,600 sq ft) at Delray Beach Market, slated to open 2024.
• Cabela'smajorChannel Partner/ Reseller/ DistributorAnchor tenant at Magnolia Park in Greenville, SC. First Cabela's location in the Southeast US.
• Crane's Beach HousecoreChannel Partner/ Reseller/ DistributorBoutique hotel property in Delray Beach with 28 beach suites and villas. Award-winning property recognized by Hotels.com, TripAdvisor, and Expedia.
• CostcomajorChannel Partner/ Reseller/ Distributor#1 volume Costco location in South Carolina at Magnolia Park in Greenville.
• Regal TheatremajorChannel Partner/ Reseller/ Distributor#1 volume Regal Theatre location in South Carolina at Magnolia Park.
• Urban OutfitterscoreChannel Partner/ Reseller/ DistributorLargest single retail space in downtown Delray Beach (11,000 sq ft, 2 stories) at 306 East Atlantic Avenue.
• Whole FoodsmajorChannel Partner/ Reseller/ DistributorAnchor tenant at Downtown at the Gardens in Palm Beach Gardens, a 350,000 SF open-air mixed-use center.
• Yard HousemajorChannel Partner/ Reseller/ DistributorNational tenant new to Florida when it opened at Downtown at the Gardens in Palm Beach Gardens.
• Food Network & Cooking Channel South Beach Wine & Food FestivalstrategicGTM or Marketing PartnerDelray Beach Market announced partnership with Food Network & Cooking Channel South Beach Wine & Food Festival presented by Capital One for first-ever Delray Beach event.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Crocker & Company: Boca Raton-based, family-owned commercial real estate firm investing in and developing office, retail, and mixed-use properties across South Florida. Closely comparable to Menin in scale, geography, and asset mix.
• Terra Group: Miami-based real estate developer active across residential, hospitality, and mixed-use projects in South Florida. Comparable to Menin in geography and in blending hospitality/lifestyle elements into mixed-use developments.
• Stiles Corporation: Fort Lauderdale-headquartered, full-service commercial real estate firm with development, brokerage, property management, and construction services in South Florida. Directly comparable in service offering and regional focus.
• The Allen Morris Company: One of Florida's oldest commercial real estate development and management firms, focused on office, retail, and mixed-use assets. Comparable to Menin in being a long-tenured, Florida-centric developer-operator.
• Atlantic | Pacific Companies: Miami-based real estate firm developing and operating multifamily, mixed-use, and retail properties in Florida and select Sun Belt markets. Comparable in geographic focus and mixed-use orientation.
• El-Ad National Properties: Real estate developer and owner-operator focused on luxury residential, hospitality, and mixed-use properties in select U.S. markets. Comparable to Menin's hospitality/lifestyle development approach (e.g., The Ray Hotel).

Broad incumbents

• The Related Group: One of the largest U.S. developers of luxury condominium, multifamily, and mixed-use properties, with major South Florida exposure. Comparable in mixed-use development, but operates at significantly larger scale than Menin.
• Howard Hughes Holdings: Public master-planned community and mixed-use developer with a portfolio of large-scale, mixed-use districts (e.g., Downtown Columbia, Ward Village). Comparable in mixed-use orientation, but at much larger scale and primarily in different geographies.
• Federal Realty Investment Trust: Public REIT focused on Class A mixed-use and open-air retail centers in affluent U.S. coastal markets. Comparable to Menin's Class A retail leasing strategy, but operates at scale with a public capital base.
• Regency Centers Corporation: Public REIT owning grocery-anchored shopping centers in affluent U.S. trade areas. Comparable to Menin's anchor-tenant-led retail assets (Target, Trader Joe's, Whole Foods), but at much larger institutional scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/menindevelopmentinc
• LinkedInlinkedin.com/company/menin-development-inc-/?viewAsMember=true
• Instagraminstagram.com/menindevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Menin Development