Urban Development Partners

What Urban Development Partners does

Urban Development Partners is a privately held, fully integrated real estate development company founded in 2007 and headquartered at 1776 Broadway in Midtown Manhattan. The firm specializes in large-scale, mixed-use urban developments with a portfolio spanning luxury residential condominiums, Class A office, rental, and retail across the Northeast United States — concentrated in New York City (Manhattan, Brooklyn), New Jersey, and Philadelphia. Co-founded and led by partners Kenneth G. Browne and Kenneth P. Browne, who collectively bring over 50 years of experience from senior roles at Tishman Speyer, Forest City Ratner, HRH Construction, Starrett Development, and The Athena Group, the company has overseen more than $3.2B in cumulative development costs. Current active projects include 145 West Street ($475M, 605 units, Greenpoint waterfront), 250 East 21st Street ($150M, Gramercy Park luxury condos), Park Slope ($140M, 135 units including 35 affordable under 421a), 432 East 14th Street ($105M, anchored by Trader Joe's), 50 North 5th Street ($100M, Williamsburg rental), and The Bowen ($70M, pre-war office-to-residential conversion).

The firm operates a full development lifecycle offering — deal sourcing, acquisitions, due diligence, distressed asset evaluation, financing, construction oversight, marketing, and asset management — executed through a lean team of 1-10 employees that leverages partner relationships and institutional capital partners. Revenue is generated through developer fees and equity participation on real estate development projects rather than recurring software or service contracts; project pricing is not publicly disclosed. Distribution occurs via direct sale of condominium units to affluent individual buyers, leasing of rental and commercial space to tenants, and selective consulting engagements with other developers and financial sponsors (e.g., ARC Properties, I Star Financial, MEPT/Bentall Kennedy). The company's go-to-market relies on its professional portfolio website, direct industry relationships, and the partners' established reputation rather than digital marketing channels, and it has no public API, software products, or disclosed AI/technology capabilities.

Name

Urban Development Partners

Legal name

Urban Development Partners

Website

https://urbandp.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Urban Development Partners is a privately held, fully integrated real estate development firm founded in 2007 in New York City, specializing in large-scale mixed-use urban developments including luxury condominiums, Class A office, and rental projects across the Northeast U.S., with over $3.2B in cumulative development costs.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Land Subdivision (23721), Residential Building Construction (2361), Commercial and Institutional Building Construction (236220)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Retail & Mixed-Use Commercial Construction (IMAFACAB)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Residential Affordable Housing Development & Construction (IMAFABAI), Urban Planning & Master Planning (BPAHAKAD)

Keywords

• Real estate development
• Mixed-use developments
• Luxury condominiums
• Urban redevelopment
• Commercial real estate

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Urban Development Partners generates revenue through the development, construction, and sale or rental of large-scale mixed-use residential, commercial, and retail properties in urban markets. The company is involved in the full development lifecycle from deal sourcing through pre-development, financing, construction, and occupancy.

Distribution channels1 record

Marketing channels1 record

Core offering

Urban Development Partners is a fully integrated real estate development firm that sources, finances, develops, constructs, and sells or leases large-scale mixed-use urban properties. Its offerings span luxury residential condominiums, multifamily rental buildings, commercial office space, and ground-floor retail, delivered alongside acquisitions consulting, distressed asset evaluation, and ongoing asset management services.

Product overview

Urban Development Partners is a fully integrated real estate development company founded in 2007, focused on large-scale, mixed-use urban developments. The company offers a complete scope of development services including deal sourcing, project conception, pre-development, financing, construction, and occupancy management. Their portfolio includes residential (condominiums and rental), commercial office, mixed-use, and hospitality projects in New York, New Jersey, and Philadelphia. The company's core services encompass acquisitions consulting, distressed asset evaluation, and asset management. Their current development projects include luxury condominiums like 250 East 21st Street and The Bowen, mixed-use residential buildings like Park Slope and 145 West Street, and rental buildings like The Dylan and 50 North 5th Street.

Differentiator

Problem solved

Functional benefit

Products and services

• 250 East 21st Street A 54-unit, 14-story luxury condominium building at 250 East 21st Street in Manhattan's Gramercy Park neighborhood, totaling 105,000 sq ft with Paris Forino-designed interiors, a rooftop landscaped garden, resident lounge, fitness area, and 10,000 sq ft of ground-floor retail space. Built for affluent residential buyers and ground-floor retail tenants.
• The Bowen A 76-unit luxury condominium mixed-use building at 285 Schermerhorn Street in Brooklyn, converting a pre-war 7-floor office building into a 14-floor residential building with commercial office space on the cellar, 1st, and 2nd floors. Includes fitness center, resident lounge, children's playroom, landscaped roof deck, and penthouse private terraces.
• Park Slope An 18-story mixed-use multifamily building at 167 4th Avenue in Brooklyn's Park Slope, comprising 135 residential units (including 35 affordable units under the 421a tax abatement program) with fitness center, tenant lounge, landscaped rooftop garden, and geothermal piles for energy efficiency.
• 145 West Street A 605-unit, 40-story mixed-use residential building on the Greenpoint waterfront in Brooklyn, totaling 785,000 sq ft with over 40,000 sq ft of amenity space, a 400-space parking garage, approximately 40,000 sq ft of retail space, and a public park and promenade along the river.
• 50 North 5th Street A 229-apartment residential building in Brooklyn featuring an industrial brick facade, large garden courtyard, fitness center with double-height basketball court, bocce court, lounge, and rooftop terrace with views of Manhattan. Designed for young professionals.
• 432 East 14th Street A 114-unit mixed-use residential building in Manhattan's East Village, consisting of a 7-story and 8-story building on a through-block site with a landscaped courtyard. Includes fitness center, tenant lounge, landscaped roof deck with outdoor kitchen/barbecue area, and approximately 16,000 sq ft of retail space occupied by Trader Joe's.
• The Dylan A 35-story, 165-unit luxury rental building at 309 Fifth Avenue in Midtown Manhattan, developed in association with MEPT/Bentall Kennedy. Features 360-degree Manhattan views, rooftop lounge and terrace, fully furnished fitness center, indoor basketball court, and 10,000 sq ft of retail leased for 20 years to BNB Hana Bank.
• Core Development Services Fully integrated real estate development services for large-scale mixed-use urban developments, covering deal sourcing, project conception, pre-development, financing, construction, and occupancy management across luxury residential, commercial office, retail, and hospitality sectors.
• Acquisitions Consulting Standalone consulting service covering the sourcing, evaluation, and structuring of new real estate acquisitions for development projects, including financial analysis and deal sourcing. Offered to developers, financial partners, and asset owners.
• Distressed Asset Evaluation Evaluation services for distressed real estate assets, providing due diligence and assessment capabilities to developers, lenders, and asset owners evaluating troubled properties.
• Asset Management Ongoing asset management services for real estate development projects, provided from conception through occupancy and stabilized operations, offered to institutional partners and asset owners.

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

Two partnerships are on record, tiered minor.

• MEPT/Bentall KennedyminorStrategic or Co-development Partner · 1 January 2013Urban Development Partners completed 309 Fifth Avenue (The Dylan) in association with MEPT/Bentall Kennedy. This partnership involved joint development of a 35-story, 175,000 SF rental building in Midtown Manhattan.
• ARC PropertiesminorStrategic or Co-development Partner · 1 January 2009Urban Development Partners was retained by ARC Properties and I Star Financial to consult and actively engage in the completion of 10 Rittenhouse Square, a luxury condominium project in Philadelphia designed by Robert AM Stern.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• The Related Companies: One of the largest US developers of mixed-income, mixed-use, and affordable housing with major NYC footprint including Hudson Yards and rental portfolios. Comparable because both target large-scale mixed-use urban developments with affordable housing components in NYC.
• SL Green Realty Corp. Manhattan's largest office landlord and active developer of mixed-use and residential conversions. Comparable because both operate in NYC with mixed-use and conversion expertise, though SL Green is office-focused and publicly traded.
• Tishman Speyer: Global real estate developer with deep NYC focus on large-scale office, residential, and mixed-use projects. Directly comparable because Urban Development Partners co-founder Kenneth P. Browne served as Senior Director at Tishman Speyer, and both firms compete for institutional-scale urban development mandates in Manhattan.
• Vornado Realty Trust: NYSE-listed REIT and developer with concentrated NYC office and mixed-use portfolio. Comparable as a large-scale NYC real estate developer with overlapping geography and mixed-use product types, though publicly traded and far larger scale.
• Forest City Realty Trust (now part of Brookfield): Major diversified real estate developer with strong NYC presence. Directly comparable because Kenneth P. Browne served as President and COO of Forest City Ratner Construction, and both firms develop large-scale urban mixed-use properties in the Northeast.

Direct peers

• Taconic Investment Partners: NYC-focused real estate investment and development firm operating across office, multifamily, and mixed-use. Comparable because both pursue mixed-use and residential development opportunities in Manhattan and the broader NYC metro area.
• Durst Organization: Family-owned NYC real estate developer focused on sustainable, large-scale mixed-use and residential towers. Comparable because both are private, NYC-based developers pursuing large mixed-use and residential projects with sustainability features and a long-term hold/operate orientation.
• MAG Partners: NYC real estate development firm focused on mixed-use projects combining market-rate, affordable, and community spaces. Comparable because both incorporate affordable housing components under NYC programs (e.g., 421a) within larger mixed-use urban developments.
• HFZ Capital Group: NYC-based real estate developer specializing in luxury residential, hotel, and mixed-use projects. Comparable because both target luxury and high-end condominium buyers in prime Manhattan locations with similar project profiles.
• Naftali Group: Private NYC-based real estate development firm focused on luxury residential condominiums and rental buildings. Comparable because both develop luxury condominium product in prime Manhattan locations at similar per-square-foot price points.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Urban Development Partners