NewYorkCityEB5-4

Manhattan, Brooklyn, Queens and The Bronx

One Dynamic City. Countless Opportunities

NewYorkCityEB5-1

Peace. Security. Ease. Understanding.

Experience. Bring you a US home.

NewYorkCityEB5-2

Manhattan. New York City.

A destination of opportunities.

NewYorkCityEB5-5

Global. Dynamic. Opportunity. Success.

Living Across Borders. Life in US.

NewYorkCityEB5-3

Time Square. Broadway. Central Park.

Your New York City Life.

Company Profile

The New York City-based Manhattan Regional Center (MRC) is designated by the United States Citizenship and Immigration Services, a branch of the United States Department of Homeland Security, as a provider of the EB-5 Regional Center Program. The MRC not only offers attractive real estate investment opportunities in the “Greatest City on Earth”, it also offers individuals and their immediate family members the opportunity to obtain permanent green cards under the EB-5 Regional Center Program.
The MRC is staffed by seasoned real estate professionals with backgrounds in New York City’s real estate, planning, construction, government and law. Under the leadership of its Managing Member, David Marx, an attorney and real estate developer, the MRC is comprised of Architects, Construction and Financing Professionals who have successfully completed large scale projects within the City’s boroughs from inception through operation. In terms of real estate development, New York is unique in every aspect of the “deal”. MRC’s key personnel each have more than 30 years of experience in each aspect of real estate development in the City’s boroughs that span a full spectrum of use including hospitality, health care, residential, institutional and governmental. Added to this are individuals with international operations and marketing experience to insure MRC success. Let MRC provide you and your family with a sound investment, not only in real estate within a city having the diversity of more than 170 languages and world renown landmarks but also an investment in the future residency of you and your family for generations to come.
 
 

COMPANY BIOS

+ DAVID E. MARX

Mr. Marx is an attorney and a real estate developer in New York City. During the last 30 years, Mr. Marx has developed properties valued at almost half a billion dollars, with many of these properties continuing to be owned and managed by his various real estate entities. In addition to these entities, Mr. Marx owns the construction firm Atria Builders, LLC and the architectural design firm DSM Design Group. As part of the Marx Development Group’s holdings, Mr. Marx owns the federally regulated HUD Mortgage Lender, Rockhall Funding Corp. that has generated loans of more than $700,000,000. Mr. Marx’s real estate developments are quite diverse and include a wide spectrum of the market place. Developments include healthcare, assisted living facilities, middle income to luxury residential complexes and educational institutions. Mr. Marx’s development endeavors have fostered long lasting financing relationships in the public and private sectors. On the public side, these relationships include the U.S. Department of Housing and Urban Development (HUD), New York City’s Housing Development Corporation (HDC) and the New York Community Preservation Corporation (CPC). His relationships in the private lending arena include but are not limited to Banco Popular, Washington Mutual, Dime Savings Bank, The Berkshire Bank. A major portion of the almost two million square feet of real estate development and construction Mr. Marx has completed in the New York City area includes skilled nursing homes and assisted living facilities. The development of these particular type projects are considered unique by most real estate development standards in that Mr. Marx purchased the properties, obtained the necessary zoning and community board approvals, designed the architectural and structural aspects of each in-house, constructed the buildings using in-house management and certain labor trades and now owns the finished product. While the nursing homes are leased to New York State Certified Nursing Home Operators, the assisted living facilities are operated by a Marx management company. Each of these types of development is financed by HUD through Mr. Marx’s mortgage lending company. The development approach described above is also implemented in a similar fashion for other properties and each is adjusted to meet the dynamic aspects of the residential and educational/institution market places. Mr. Marx earned his Bachelor of Science in Economics from Queens College – CUNY as well as his Juris Doctorate from Fordham University School of Law before being admitted to the New York State Bar. Mr. Marx serves on the Board of Directors for a prestigious private elementary school and is the lead advisor to its $30,000,000 campus upgrade. Mr. Marx is well respected and an active member in his local community specifically spending free time guiding religious and educational groups.

+ EDWARD M. GRUNWALD

Mr. Grunwald is a seasoned construction industry professional with more than 30 years of experience in projects along the U.S. eastern seaboard down to the Caribbean Islands. He has held senior positions as Construction Manager and General Contractor within a wide range of market sectors including, governmental institutions, healthcare, residential, commercial retail, hospitality/entertainment, transportation and technology. Mr. Grunwald has served in the capacity of Senior Vice President for Atria Builders, LLC for the past 17 years and has managed more than $200,000,000 in construction projects during his tenure. Mr. Grunwald was Atria Builders’ first employee and facilitated its growth over the years to include 22 in-house management and administrative employees as well as over 225 field assigned project managers, supervisors and trade labor at its building peak. Before joining Atria Builders, Mr. Grunwald was the Project Planning Director and a Project Manager for Morse Diesel International and was assigned to the $1.4 billion JFK Airport International Arrivals Building at Terminal #4. The replacement of the existing Terminal #4 was performed in phases while the existing terminal remained operational. Mr. Grunwald coordinated the many Project participants that included the New York/New Jersey Port Authority, the Terminal Operator, the Design Team, Airline Tenants and the Contractors who at the peak of construction manned the site with more than 1,200 tradesmen per day. Prior to the Airport work, Mr. Grunwald served as Vice President of Construction Management for the New York based Tri-Tech Group. In this capacity, Mr. Grunwald was responsible for marketing and the construction management of projects primarily along the east coast that included the renovation of State Houses in Massachusetts and New Jersey, the New Research Building at Rockefeller University in Manhattan, the Mohegan Casino and Resort in Connecticut, the Peabody Hotel and Office Tower in Memphis Tennessee, the IL Villaggio at South Beach in Miami Florida and the second phase of the Atlantis Resort and Casino on Paradise Island in the Bahamas. Mr. Grunwald earned his Bachelor of Science in Architecture from New York Institute of Technology as well as a Construction Management Certification from Polytechnic University. Mr. Grunwald has served on the Career Advisor Board for New York Institute of Technology and continues to serve on the Board of Directors for the Long Island Ice Hockey Club. Mr. Grunwald also sets time aside to coach young ice hockey players and little league baseball clubs.

+ WARREN L. SCHIFFMAN, AIA, RA

Mr. Schiffman is a licensed architect working in New York City. He is the principal architect in the DSM Design Group and has been practicing architecture for the past 56 years. During his career as an architect, Mr. Schiffman has worked with public agencies, private developers, city and state governments at all levels and the US federal government. Mr. Schiffman’s experience transcends national work in that he has designed, supervised and built many international projects. In addition to practicing architecture, Mr. Schiffman has also served as the Director of Development for a number of Real Estate Development/Holding Companies, responsible for site selection and evaluation of residential and commercial projects. Mr. Schiffman has won design competitions both domestically and internationally and his work has received numerous awards for design excellence from professional groups and organizations. His extensive experience includes master planning and specific component design for new cities, both in Iran and in New Jersey; and a wide range of other projects including schools and recreational developments in Saudi Arabia; performing art centers, museums, university buildings, parks and office buildings. Mr. Schiffman has also designed hotels for both domestic and international clients including a Sheraton in Beijing, Marriott, Intercontinental and Westin. Mr. Schiffman is currently involved in the design and construction of specialized facilities for the elderly; nursing homes, assisted living facilities and senior housing which require a special knowledge of the requirements and understanding of senior citizens. Mr. Schiffman has a degree in Architecture from Syracuse University and served in the USAF from 1958 through 1961 when he was honorably discharged. Mr. Schiffman was born and raised in New York City and currently resides in Oyster bay, NY with his wife.

+ YEHUDA FRISHMAN, C.P.A

Mr. Frishman currently serves as the CFO for the Marx Development Group, whose holdings include a federally regulated HUD Mortgage Lender, an Assisted Living Facility, real estate development and property management companies. In addition, Mr. Frishman serves as the Comptroller for Atria Builders, LLC, the construction arm of the Marx Development Group as well as its architectural design firm, DSM Design Group. Using the latest technology in accounting software, Mr. Frishman manages these entities and his staff of accountants and bookkeepers to guide the diverse holdings of the Marx Development Group to proactive financial forecasting and success. Mr. Frishman has instituted weekly in-house management meetings with all top managers and executives in attendance to review the status of each of their departments and when necessary institutes corrective procedures to ensure financial health for each. Mr. Frishman’s accounting and management methods enable him to report on a regular basis to not only the principles of the Marx Development Group but also Governmental Agencies, Bank Executives and Board Members as well as several sophisticated auditors. Organizing and monitoring the financial status and future of the Marx Development Group is his responsibility and it is fulfilled in a professional manner. Before joining the Marx Development Group in 2002, Mr. Frishman planned and performed audits and financial reviews of significant and varying businesses however focusing on government funded healthcare facilities that were not-for-profit as well as for –profit. Mr., Frishman established staff requirements and prepared and reviewed financial statements, evaluated internal controls and prepared Management Letters to the Board of Directors for review and business decisions. These efforts were performed while under the employ of the high profile accounting firms of Ernst & Young and Loeb Troper in New York City. Mr. Frishman graduated from Queens College – CUNY Magna Cum Laude with a Bachelor of Arts in Accounting with High Honors and was the recipient of the McGraw-Hill Accounting Award of Excellence. In addition to Mr. Frishman’s daily to duties described above, Mr. Frishman serves as the Financial Overseer of the $30,000,000 campus upgrade of a prestigious private elementary school and reports regularly to the school’s Board of Directors. Mr. Frishman is active in local community activities and contributes free time to educational and religious events.