Muss Development LLC today announced that Jason Muss, a principal, will also serve as President. Jason Muss, 47, who has been instrumental in the firm’s strategies, will now officially lead Muss Development as it continues to develop and acquire new properties, invest in various assets, and lease up its extensive portfolio.
A multi-generational real estate company that dates back more than 100 years, Muss Development has developed more than 15 million square feet of office, residential, retail, industrial, and hotel assets throughout New York City. The firm continues to own many of the assets it has developed over the years and is an active investor.
“As the firm’s new president Jason continues our multigenerational history of family ownership and management,” said Muss family patriarch, Joshua Muss, who will step into the role of Chairman, and will remain active. “I am confident that Muss Development is in good hands.”
“Being named President of Muss Development is a great honor,” said Jason Muss, who earned his law degree from New York University School of Law and has been actively involved with the firm’s evolution since he joined Muss Development upon his graduation in 1996. “We have an excellent team in place, with a strategic plan to build on the last hundred years and move toward the next hundred. This is an exciting moment in my career and I’m looking forward to continuing the legacy that has been built.”
Over the last five years, Jason Muss has refocused the firm’s efforts. In Brooklyn, Jason initiated 1 Brooklyn Bay, a new ground-up luxury high-rise residential project—and joint venture with Avalon Bay—in the heart of Sheepshead Bay, Brooklyn. Jason also oversaw the final tower at Muss’s Oceana Condominium & Club, a 927-unit, 16-building condo development in Brighton Beach.
On a larger scale, Jason has been spearheading a massive effort to reposition the firm’s major generational assets.
He oversaw the financing for and renovation of the New York Marriott at the Brooklyn Bridge, Muss’s 667-key hotel in Downtown Brooklyn, and undertook a strategic repositioning at Forest Hills Tower, Muss’s 375,000-square-foot Class A office tower in the heart of Forest Hills, Queens, which included an extensive capital improvement program and a shift in leasing strategy. He also oversaw the refinancing of more than $300 million worth of properties in 2018 alone, a key element to the portfolio’s long-term stability.
Additionally, under Jason’s leadership, Muss Development’s entire 20-plus building retail portfolio is fully leased and stable. In addition, he has led the firm’s acquisition program, acquiring 10 different properties in the past few years, most recently with the company’s first foray into California. Muss acquired a 2+ acre property within an adjacent grocery-anchored shopping center in Thousand Oaks, CA, an upscale community in the Greater Los Angeles region.