JCAL Development Group

What JCAL Development Group does

JCAL Development Group is a Bronx-based, privately held real estate development company founded in 2012 by Joshua Weissman, focused on urban development in emerging New York City neighborhoods — principally Mott Haven, Port Morris, and the broader South Bronx, with additional projects in Brooklyn, Northern Manhattan, and Paterson, NJ. The company develops a diversified portfolio of market-rate residential buildings (condominiums and small-to-mid-size rental buildings such as The Bridgeline, 55 Bruckner Blvd, 131-135 and 136 Alexander Ave, and 231 West 26) and 100% affordable housing projects financed through NYC HPD, NYC HDC, and NYS HCR (including Summit Ridge, Belmont Gardens, and The Frederick). JCAL operates a wholly-owned general contracting subsidiary, JCAL Construction LLC, which provides in-house construction management and is a stated cost and quality-control differentiator versus developers that outsource GC work.

The company's revenue model is project-based rather than recurring: market-rate units generate revenue at unit closing or upon stabilized lease-up, while affordable housing projects realize revenue through developer fees layered on top of LIHTC equity, conventional construction/permanent debt (e.g., Citibank), and public subsidy. Affordable units are allocated via the NYC Housing Connect lottery; market-rate units are sold or leased directly or through local brokers. JCAL's go-to-market is relationship-driven, anchored by repeat engagement with public housing finance agencies and by principal William Bollinger's urban planning background and role in the original Bruckner Art and Antique District rezoning. The team is small (1-10 employees), led by founder/president Josh Weissman alongside developer Neil Weissman and urban planner William Bollinger, with a cumulative development track record exceeding 2,300 residential apartments and 1,500+ affordable units across NYC.

Name

JCAL Development Group

Legal name

JCAL Development Group

Website

https://jcaldevelopment.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

JCAL Development Group is a Bronx-based private real estate developer founded in 2012, building market-rate and 100% affordable housing in emerging NYC neighborhoods, with projects in Mott Haven, Brooklyn, Central Harlem, and Paterson, NJ.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), New Housing For-Sale Builders (236117), Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Residential Bldgs (1520), General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Real estate development
• Affordable housing
• Market-rate residential
• Mixed-use development
• Urban development

Headquarters

HQ city

Bronx

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development & Sales: JCAL generates revenue through the development and sale of residential properties, including market-rate condo units and multi-family buildings. Revenues are realized at project completion upon sale or unit closings.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

JCAL Development Group is a privately held real estate development firm that develops market-rate residential rental and condominium buildings, 100% affordable housing, and mixed-use properties with ground-floor retail in emerging New York City neighborhoods, primarily in the South Bronx, with additional projects in Brooklyn, Northern Manhattan, and Paterson, NJ. Projects are delivered end-to-end through in-house general contracting (JCAL Construction LLC) and monetized via unit rentals, condo sales, ground-floor commercial leases, and affordable housing regulatory agreements with NYC HPD, NYC HDC, and NYS HCR.

Product overview

JCAL Development Group is a real estate development company offering a diversified portfolio of market-rate residential and affordable housing properties. The company's product portfolio consists of two main categories: Market Rate Residential properties (including 131-135 Alexander Ave, 55 Bruckner Blvd, 136 Alexander Ave, 231 West 26, 131 Barclay Street in Paterson NJ, and The Bridgeline at 329 East 132 St) and Affordable Housing developments (including The Frederick in Central Harlem, Belmont Gardens in Brooklyn, and Summit Ridge in the Bronx). JCAL Construction LLC serves as the company's in-house general contracting arm for all construction work.

Differentiator

Problem solved

Functional benefit

Products and services

• 131-135 Alexander Ave (Market-Rate Mixed-Use Building) A 4-story, 11,250 square foot mixed-use market-rate building in Mott Haven, Bronx with 14 residential open-floor-plan loft units, 2 ground-floor commercial spaces, hardwood floors, LED lighting, stainless steel appliances, exposed brick, and a rooftop deck. Targeted at renters seeking new-construction market-rate product in the South Bronx.
• 55 Bruckner Blvd (Market-Rate Mixed-Use Building) A four-story, 5,900 square foot mixed-use market-rate building in Mott Haven, Bronx with 4 residential units (2 two-bedroom full-floor units and 2 studio half-floor units), 1 ground-floor commercial space, hardwood floors, LED lighting, stainless steel appliances, and exposed brick. Targeted at renters seeking small-format market-rate product near the company's Bronx headquarters.
• 136 Alexander Ave (Market-Rate Mixed-Use Building) A 4-story, 5,900 square foot mixed-use market-rate building in Mott Haven, Bronx with 5 residential units (1 full-floor two-bedroom and 4 half-floor studios), 1 ground-floor commercial space, 15-foot ceilings, exposed brick, and outdoor patios for 3 units. Targeted at renters seeking loft-style studio and one-bedroom product in the South Bronx.
• 231 West 26 (Chelsea Condominium Building) A full gut renovation of a 4-story building into a 7-story, 7-unit condominium building located in Chelsea, Manhattan, offered for-sale to individual condo buyers.
• The Barclay - 131 Barclay Street, Paterson NJ A four-story, 56-unit planned residential development in Paterson, NJ within the St. Joseph's Hospital Zone Redevelopment Area, featuring 56 spacious two-bedroom units (920-1,020 sq ft), 74 underground parking spaces, and a 7,000 sq ft landscaped terrace. Targeted at renters seeking new-construction two-bedroom product in the Paterson, NJ market.
• The Bridgeline - 329 East 132 St (Mott Haven)

Quantifiable outcome

• Over 2,300 residential apartments developed across more than 25 buildings
• +3 more outcomes

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

Six partnerships are on record, tiered core and minor.

• NYC Dept of Housing Preservation and Development (NYC HPD)coreStrategic or Co-development PartnerJCAL works with NYC HPD on affordable housing development projects. For The Frederick project in Central Harlem, JCAL approached HPD about incorporating a city-owned demolished site into the project. HPD involvement is key to obtaining regulatory approvals and financing for 100% affordable housing developments.
• NYC Housing Development Corporation (NYC HDC)coreStrategic or Co-development PartnerJCAL enters into regulatory agreements with NYC HDC for affordable housing projects. The Summit Ridge project includes a 60-year regulatory agreement with HDC setting aside all units for households at 60% AMI or below. HDC provides financing and regulatory oversight for these projects.
• NYS Homes and Community Renewal (HCR)coreStrategic or Co-development PartnerHCR provides Low Income Housing Tax Credit (LIHTC) allocations for JCAL's affordable housing projects. For Belmont Gardens, HCR provided a 9% LIHTC allocation, which is a critical financing component for affordable housing development in New York.
• St. Joseph's Regional Medical CentercoreStrategic or Co-development PartnerJCAL Development Group is working with St. Joseph's Regional Medical Center, the Area 11 designated 'Master Developer,' on the revitalization of the Barclay Street corridor in Paterson, NJ. JCAL is developing The Barclay, a 56-unit residential project within the hospital's redevelopment area.
• Diomedes Abreu (Bravo Supermarket)minorStrategic or Co-development PartnerJCAL is working with Diomedes Abreu, owner/operator of the existing Bravo Supermarket at 2395 Frederick Douglas Blvd, to redevelop the site as a mixed-use project. The new development would nearly double the supermarket's size from approximately 4,000 sq ft to 7,750 sq ft, and boost employment from 20 to 35 full-time positions.
• NYC Department of City PlanningminorStrategic or Co-development PartnerJCAL worked with NYC Department of City Planning along with the Parks Department, Brooklyn Borough President's Office, and Councilmember Barron to rezone the Belmont Gardens site from parkland back to residential zoning for affordable housing development.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BFC Partners: Bronx-based developer of affordable and market-rate housing with deep NYC HPD/HDC relationships. Most directly comparable to JCAL in both product mix (mixed-income multifamily, mixed-use) and South Bronx geographic focus.
• Monadnock Development: NYC affordable and mixed-income multifamily developer with strong Bronx and Brooklyn pipeline. Comparable in product type (income-restricted multifamily), HPD/HDC agency relationships, and emerging-neighborhood focus.
• Phipps Houses: NYC nonprofit developer of affordable and supportive housing with HPD/HDC relationships. Comparable in affordable housing product mix and NYC geography; differs in nonprofit ownership structure.
• Camber Property Group: NYC affordable and mixed-income multifamily developer working with HPD, HDC, and HCR. Closely comparable in affordable housing focus, project scale (50-100+ unit buildings), and NYC borough coverage.
• Breaking Ground: NYC supportive and affordable housing developer with deep HPD/HDC partnerships. Comparable in regulated multifamily product and NYC focus, though focused more heavily on supportive housing than JCAL.
• Arker Companies: NYC-based developer of affordable and market-rate multifamily with extensive HPD/HDC experience. Comparable in product mix and NYC geography; operates at larger scale.
• Delshah Capital: NYC real estate developer active in mixed-use and multifamily projects across the Bronx and other boroughs. Comparable in mixed-use product type and emerging-neighborhood strategy.

Broad incumbents

• L+M Development Partners: Large NYC-focused developer of mixed-income and market-rate multifamily, with comparable affordable housing program expertise across HPD, HDC, and HCR. Operates at significantly larger scale but shares JCAL's affordable/market-rate hybrid model.
• The Gotham Organization: Long-established NYC developer of market-rate and mixed-income residential, including mixed-use. Comparable product portfolio and NYC borough focus, though at materially larger scale than JCAL.

Emerging players

• Mega Contracting Group: Bronx-based real estate development and construction firm working on multifamily and mixed-use projects. Comparable in South Bronx focus and integrated development/construction model similar to JCAL's vertical integration.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/jcaldvlp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 JCAL Development Group