GRC Realty Partners, LLC (GRC) is a real estate development and investment firm based in New York City. GRC is currently developing 7 Harrison Street in Tribeca in partnership with Matrix Development and Clarion Partners. The property is a 40,000 square foot storage warehouse built in 1893 that the partnership is converting to 12 luxury condominiums ranging from 2,126 to 4,229 square feet. The total project capitalization is approximately $54 million, with property acquisition costs of $20 million. Acquired in late 2011, the project is currently under construction with a completion date scheduled for mid-2014.
Shane Neuringer, Managing Principal
Mr. Neuringer has over 15 years of real estate acquisitions, finance, development and asset management experience and has been involved in over $3 billion worth of residential and commercial acquisitions and development projects, primarily in New York City. Mr. Neuringer is also a principal of Matrix Development LLC. Mr. Neuringer held senior positions at firms such as CB Developers (Charles Blaichman), Stellar Management, Rockrose Development and Sentinel Real Estate Corp. Mr. Neuringer holds a M.S. in real estate investment and development from New York University and received his B.A. from the University of Colorado at Boulder with concentrations in urban planning & policy and journalism. Mr. Neuringer also serves on the executive committee of REX, the young executive board of the Real Estate Division of UJA/Federation.