Fetner is a full-service, fully integrated real estate company specializing in developing, owning, operating and financing world-class developments. Through three generations of family ownership, it has become one of the most respected development companies in New York real estate by providing great homes for its residents and high-quality environments for its retail tenants, and always delivering on its obligations and ultimately maximizing value for its partners.
Fetner’s recent completed development projects in Manhattan include:
- 1214 Fifth Avenue – 229 rental homes, LEED Silver Project, developed on behalf of Mount Sinai
- 1212 Fifth Avenue – 54 Ultra Luxury Homes for Sale, LEED Gold, total rehabilitation of pre-war building located on Fifth Avenue and 102nd Street
- 125 West 31st Street – 570,000 sf mixed use building, LEED Gold, containing 458 rental homes and 120,000 sf of commercial/community use area
- The Victory – 417 rental homes, located at 10th Avenue and 41st Street
- The Chesapeake – 208 rental homes, located at First Avenue and 94th Street
- 90 East End Avenue – 50 Ultra Luxury Homes for Sale, located at 84th Street and East End Avenue
And in Bethesda, MD:
- 10101 Grosvenor Park – 404 homes, renovation and conversion of ideally located building
Fetner is also currently co-developing 855 Sixth Avenue, a 570,000 sf mixed-use development located on Sixth Avenue between 30th and 31st Streets in New York City with the Durst Organization. The project is under construction, and will be complete in 2016. Also under construction, West 57th Street is an iconic 709-unit project designed by the Bjarke Ingels Group (BIG). Fetner provided pre-development and strategic guidance for the Durst Organization for this tremendously complicated project.
Fetner’s Principles Through Three Generations of Building and Development
- Innovation: Fetner doesn’t build obsolete buildings. The easiest way to develop in the short term is to build the same building as before, but that doesn’t make for a better building. Fetner always believes its next building will be the best, learning from each previous building and improving on each one.
- Sustainability: The earth’s resources are finite. Today, it’s popular to be green, but starting in 2000, Fetner began thinking about developing buildings that use less power and water, and began investigating retrofitting some of its older portfolio to become greener. We construct buildings that reduce the strain on the sewage and electrical systems, and provide residents and visitors with a more productive and healthier indoor environment.
- Community Partnership: No development can be successful without community partnership. Some developers see the community as a hindrance; Fetner sees the community as an asset and partner. Understanding what the community’s needs are, and incorporating that into the planning process makes for better buildings, makes for smoother projects and better neighbors.
- Long-Term Perspective: Building Communities. Fetner is a third-generation building company that builds for generations. Fetner makes every effort to know its residents, recognizing that while Fetner owns the buildings, this is home for the people who live there. The organization prides itself on creating long-standing relationships with the residents, and continually strives to create better communities.