Projects

Greenwich Shore Apartments, Greenwich, CT

Property Type: Multi-Family Rental Apartment Building
Property Location: Greenwich, CT
Total SF: 62,000 RSF
Unit Count: 55 rental apartment units
New Construction: Completed 2004

Greenwich Shore Apartments is a luxury rental apartment community consisting of 55 units within three adjacent buildings located in Greenwich, CT. The property, which was completed in 2004, features 62,000 RSF of residential space and 120 parking spaces across from Byram Park with views of the Long Island Sound. The unit mix consists of one-and-two-bedroom apartments with an average unit size of 1,133 sf. The property offers tenants accessibility to I-95 and three Metro-North commuter trains (Port Chester: 1.7 miles, Greenwich: 2.0 miles, and Rye: 2.5 miles).

330 Railroad Avenue, Greenwich, CT

Property Type: Class A Office Building
Property Location: Greenwich, CT
Total SF: 25,000 RSF
Historic Renovation: Completed 2018

330 Railroad Avenue is a 25,000 RSF Class A office building located in downtown Greenwich, CT – a block from the Greenwich Metro-North Railroad Station and 2 blocks from Greenwich Avenue. The property is currently 100% occupied and leased to a prominent Greenwich-based Architecture firm and several national financial services firms.

The project represents a Historic Adaptive Reuse of the former service center of Connecticut Light and Power – an industrial building which was constructed in 1928. JBM Realty purchased the building and, utilizing historic tax credits in coordination with CT SHPO, executed a two-year gut-renovation of the three-story structure including a complete exterior restoration. The interior spaces were opened up to create modern and efficient loft-like workspaces with 12–14-foot ceiling heights. Amenities include indoor and surface parking, 24-hour controlled access, private entrances and restrooms, and walk-to-train station location.

Lauderdale Lofts, 136 Westminster Street, Providence, RI

Property Type: Multi-Family Rental Apartment Building
Property Location: Providence, RI
Total SF: 29,500 RSF
Unit Count: 24 rental apartment units plus ground-floor retail and parking
Historic Renovation: Completion Summer 2025

Lauderdale Lofts is a Historic Adaptive Reuse project of the “Lauderdale Building” in Downtown Providence, RI. The property was built in 1894 and operated as a 33k SF office building until late 2023 when JBM Realty purchased the building and began a gut-renovation of the six-story structure. The interior of the building is being converted to 24 luxury, loft-style apartments and the exterior is being restored with new windows and repointed brick. The ground floor tenant lobby is being restored and Centreville Bank has signed a long term lease to anchor the ground floor retail space. Federal and State historic tax credits have been approved for this project.

Located in the heart of downtown Providence, the project addresses a need for new rental supply in the city – which ranked as one of the fastest rent growth cities in the United States in both 2023 and 2024. The property, which will be completed in late summer of 2025, is located within walking distance to the Providence Amtrak Station, Johnson & Wales University, Brown University and a variety of restaurants, shops, and entertainment venues in downtown Providence, RI.

Main Street Lofts, 400 Main Street, Stamford, CT

Property Type: Multi-Family Rental Apartment Building
Property Location: Stamford, CT
Total SF: 27,000 RSF
Unit Count: 41 rental apartment units plus ground-floor retail
Historic Renovation: Completion Summer 2026

400 Main Street is a Historic Adaptive Reuse project of the “Valeur Building” in Downtown Stamford, CT. The property was built in 1925 and operated as an office building until late 2024. After years of neglect, JBM Realty purchased the building and is set to begin a gut-renovation of the 8-story structure in Q2 2025.

The exterior is being restored with new windows and repointed brick and the interior spaces are being converted to 41 luxury apartments. The ground floor tenant lobby is being restored, and there is 4,000 SF of retail space – a majority of which is leased to Wells Fargo and Dunkin Donuts. Federal and State historic tax credits have been approved for this project.

The Summit Club, Armonk, NY

Property Type: Country Club Community. Luxury Condominiums plus 18-hole Golf Course
Property Location: Armonk, NY
Unit Count: 72 Luxury Condominiums
Completion: TBD

The Summit Club is a luxury condominium development project to be built around an existing 18-hole golf course in Armonk, NY. The fully amenitized community will feature six residential buildings, each featuring 3 stories of ultra-luxury residences built over a covered parking garage with storage rooms. The condominium units will have glass walls facing the golf course, outdoor terraces with BBQs and fireplaces, and high-end finishes. There will be an Amenities Building, complete with a Fitness Center, Locker Rooms, Snack bar, Pool Bar and a 25-meter swimming pool. The Clubhouse will feature a large restaurant, private dining rooms, outdoor terraces and full support spaces.

Atlantic Mills, Providence, RI

Property Type: Flex/Creative Office Commercial Building
Property Location: Providence, RI
Total SF: 350,000 RSF
Historic Renovation: Completion Summer 2026

Atlantic Mills, located at 118-120 Manton Avenue in Providence, RI, is a 350k sf flex commercial property that was built in the late 19th century. Originally, the property operated as an industrial mill building that specialized in producing cotton textiles. The building has since transitioned to flex space for new uses including housing smaller businesses / offices, artist studios, and retail spaces.

JBM Realty is planning to perform extensive work to the property including tenant space upgrades, exterior renovations, window replacement, parking lot resurfacing, and roof repairs with the goal of retaining current tenants and increasing building occupancy.

Shopping centers

JBM Realty developed several shopping centers throughout the Northeast during the 1990s. The properties, which are owned by JBM Realty and the Principals of National Realty & Development Corporation, are located in New Jersey (3), Connecticut (2), New York (1), and Vermont (1). Retail tenants across the properties include Walmart, Stop & Shop, Kohls, Best Buy, ShopRite, TJ Maxx, and Aldi.