Simon Dushinsky
Simon Dushinsky | |
|---|---|
| Born | 1972 (age 51–52) Israel |
| Occupation | Real Estate Developer |
| Known for | co-founder of the Rabsky Group |
| Spouse | married |
| Children | seven |
Simon Dushinsky (born 1972) is an American real estate developer who co-owns the New York City-based Rabsky Group with his partner, Isaac Rabinowitz.
Biography
[edit]Dushinsky was born and raised in Israel and belongs to the Vizhnitz Hasidic Jewish community in Williamsburg, Brooklyn.[1] Dushinsky co-founded The Rabsky Group with Isaac Rabinowitz in the early 1990s and focused on developing condominiums for the Hasidic community. In 2002, he completed his first major development, a $40 million, six-building Park Plaza condo complex for Hasidic residents.[1] In 2007, The Rabsky Group purchased a 50 percent stake in six industrial buildings owned by the Chetrit Group (founded by Joseph Chetrit) for $4 million.[1] His firm lead the redevelopment of the buildings due to their familiarity with the neighborhood.[1] As of 2015, his firm is working on several large projects in New York City including a 500-unit Bushwick rental building which is part of the Rheingold Brewery redevelopment[2][3][4] with 200 affordable housing units.[5][6] a 777-unit rental building in Bedford-Stuyvesant on the former Pfizer Corporation site;[1][7][8] and a 44-story, 400-unit residential rental building in Long Island City, Queens. In 2015 - in his first non-residential venture - he is partnering with Toby Moskovits’ Heritage Equity Partners to build a 400,000-square-foot office building in Williamsburg.[1]
Dushinsky is currently focused on attracting young renters to Bushwick, Brooklyn which he sees as the next development hotspot.[1] Along with fellow Hasidic developers Joseph Brunner, Isaac Hager, Yoel Goldman, and Joel Schreiber he is one of the most prominent developers in Brooklyn[9][10][11] credited with helping to gentrify Williamsburg, Bushwick, Greenpoint, Borough Park, and Bedford-Stuyvesant.[10]
Personal life
[edit]Dushinsky is known for being very private and modest.[1] He is married with seven children.[1] He has made political donations to the campaigns of Melinda Katz, David Yassky, and former City Council Speaker Gifford Miller.[1]
References
[edit]- ^ a b c d e f g h i j The Real Deal: "The Rabsky riddle - Firm head Simon Dushinsky is building more Brooklyn apartments than almost anyone, but public sightings are still rare" by Mark Maurer May 01, 2015
- ^ Crain's New York: "Rheingold Beer site picks up new investor - Armed with profits from the sale of two Brooklyn properties, a big landlord throws the proceeds into a planned 1,000-unit residential project that will replace a property owned by the famous brewery" By Daniel Geiger August 15, 2014
- ^ Curbed New York: "ODA Designs Jagged Donut Building For Huge Bushwick Project" by Zoe Rosenberg March 20, 2015
- ^ The Real Deal: "Revealed: Simon Dushinsky’s Rheingold Brewery project ODA-designed 10 Montieth Street features nearly 400 units, 25K sf green rooftop" By Rich Bockmann March 19, 2015
- ^ New York Daily News: "Developer wants to bring futuristic zigzag green roof to Bushwick brewery site" by Catherine Clark March 19, 2015
- ^ Village Voice: "At Former Rheingold Site in Bushwick, a Battle Brews Over Affordable Housing and Gentrification" by Neil deMause August 25, 2015
- ^ Crain's New York: "60-story towers? Yes, please - But the prospect of more affordable housing triggers a spat among neighbors" by Joe Anuta March 22, 2015
- ^ The Real Deal: "Rabsky Group proposes Williamsburg housing complex - The real estate firm wants to build a series of 10-story towers on a plot where three neighborhoods converge" March 22, 2015
- ^ "LISTEN: TRD talks Hasidic real estate empire on WNYC: Ultra-Orthodox investors poured $2.5B into prime Brooklyn real estate". The Real Deal. August 26, 2016.
- ^ a b Maurer, Mike (August 22, 2016). "Learning and earning: Hasidic Brooklyn's real estate machers: Investors from ultra-Orthodox sect have spent $2.5B+ in 5 areas over past decade: TRD analysis". The Real Deal.
- ^ Weinberger, Shimon (August 24, 2016). "Chassidic Developers Dominate Brooklyn Real Estate Scene". Jewish Voice.