Jason Halpern is a real estate property developer who is based in New York, New York. He focuses on developing properties around New York City and in Miami Beach. He is an expert at building both residential properties, hotels, and mixed-use structures. One of the things his company, JMH Development, specializes in is adaptive reuse which allows them to repurpose historical buildings into new uses that fit with how the neighborhood it’s in is being used today.
At JMH Development, Jason Halpern has built a team that is experienced in every stage of the real estate development process. They are involved in every stage of the process from picking the property out to construction and then, once the building is complete, branding and marketing it. They have built several luxury developments which have proven to be a draw for upscale and trendy people.
In Miami Beach there was a historic hotel called the Motel Ankara which had been established in 1954. This was a two-story hotel which was located near the Atlantic Ocean. Jason Halpern purchased the property and refurbished the existing structure while also adding a new 8-story tower to it. Initially, the plan was for it to be a condo building but when the recession hit those plans were put aside and the building was boarded up. In 2011, Jason Halpern decided to create a hotel out of it instead and partnered with another New York company, Lightstone Group, to make this happen. Once completed in 2015 the hotel, named Aloft South Beach, featured 235 rooms that quickly proved an attractive place to stay. In September 2016 he sold the hotel to Rockpoint Group for $105 million.
Another Miami Beach acquisition that Jason Halpern made was in 2015 when he bought all 36 condominiums in a building located on Collins Ave. This building was constructed in 1966 and Halpern bought all of the units for a total of $55 million. They are now in the process of tearing this building down and will then build a new 12-story condominium building. He hasn’t determined the number of units in the new building yet as they are working through local regulations.