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Gid development group2/21/2023 ![]() ![]() What attracted us to those sites initially is they represented perhaps the last waterfront development sites on the Upper West Side of Manhattan and the only waterfront development sites that link Midtown and the Upper West Side. Will you discuss the impact of the Waterline Square project? Our record speaks for itself in terms of what we are capable of doing. We don’t need to shout from the rooftops too loudly. However, looking at what we’ve achieved, we can go forth with confidence. If it’s declared enough, it is perceived as so, but it’s not always authentic. I’m not sure if it’s because of social media or the speed of information, but today everyone claims to have the most or be the best of something. It’s important to us, and we’re becoming more prominent as a brand. Is brand important to GID or is it more about individual property projects? We’re probably one of the most well-capitalized and active private development organizations in the country, but we’re fairly quiet about it. Looking back to when we started, we have been involved in 36 development projects in nine states including projects completed or in the development process, encompassing approximately 14,000 residential units, two million square feet of commercial space, and $10 billion in development value. We aligned ourselves with long-term programmatic relationships with equity partners with some of the world’s largest pension funds and sovereign wealth funds on the development side of the business, and we began pursuing projects that are one-of-a-kind iconic, trophy developments, which were very large. We began to pursue larger projects throughout the country and started developing high rises in Texas and Seattle at great one-of-a-kind sites. We were able to get advantageous construction pricing, and we were building at a time when there wasn’t a lot of other supply, so the rents started to escalate and we hit it just right. It was a new development platform being done at a very high level and being backed by a very well-capitalized and long-term player in the business.Īnother plus of doing it then was that it allowed us to pursue some interesting land transactions and get some interesting projects into our pipeline when others weren’t looking at the long-term potential in quite the same way.Īlthough we had ambitions to do large-scale, mixed-used projects, it became apparent that the part of the industry that was emerging the fastest out of the downturn was multifamily, so we started to pursue more luxury multifamily projects and to build those early in the cycle. ![]() We were able to get some really high-quality team members on board because it was happening during the recession. In hindsight, it might not have been a bad thing. It was interesting timing, of course, and that had its pros and cons. In 2007, we consummated that, and I joined GID. GID and I started speaking in 2006 about creating a mixed-use and luxury residential development platform. Will you describe the heritage of GID and how it has evolved to where it is today? GID Development Group, under the leadership of Linsley, was formed in 2007 to develop sophisticated “best-in-class” mixed-use projects and iconic residential urban developments throughout the United States that combine high-quality design with one-of-a-kind residential, retail, restaurant, office, hotel, cultural, and public space offerings. GID Development Group is a wholly owned affiliate of GID that is currently involved in 23 development projects in nine states with approximately 10,000 residential units and two million square feet of commercial space. With offices in New York City, Boston, San Francisco, Washington, DC, Dallas, and Denver, GID ( gid.com) estate organization founded in 1960 that owns and manages a premier portfolio of existing properties and development projects valued at over $16 billion. in Urban Planning from Columbia University. in Civil Engineering from Lehigh University. ![]() As a Senior Vice President with Related Companies, Linsley worked from concept to completion on developments throughout the United States, including Time Warner Center, the iconic 80-story, $2-billion, mixed-use project in New York City. Prior to GID, Linsley worked with several of the nation’s most high-profile real estate organizations. ![]() Linsley has more than 25 years of real estate experience and has been involved in all aspects of mixed-use real estate development and numerous projects totaling approximately $20 billion in development value and 40 million square feet across virtually all asset classes. James Linsley is the President of GID Development Group. ![]()
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