ALLIED PARTNERS is a privately held real estate investment, development and asset management company founded in 1993 by Eric Hadar.
To date, Allied has acquired more than 30 properties with a total market value in excess of $3 billion. Among Allied’s most notable acquisitions are the purchase of the 1.65 million square foot Citigroup Center, a trophy office building located in midtown Manhattan; the LVMH building located at the corner of Fifth Avenue and 57th Street; the former Studio 54 theater and adjacent office tower; the legendary Brill Building, a 175,000 square foot landmark retail and office building located in Times Square; a 350,000 square foot development site on West 40th Street directly overlooking Bryant Park and The Savoy Hotel, an oceanfront hotel located on 5th Street and Ocean Drive in Miami Beach. As an experienced developer, Allied completed the Woodbury Centre, a 230,000 square foot shopping center and hotel site next to Woodbury Commons in Woodbury, New York as well as the redevelopment of 285 Lafayette Street in Soho, a luxury condominium conversion in which Allied gut renovated and enlarged a 100-year old factory adding an additional 4 floors while the building remained occupied. Allied is an active lender, having funded over $300 million in real estate loans in recent years, specifically focusing on assets where the company holds a long-term ownership position.
With its recent acquisition of RoseTerra, coupled with its ownership of Brown Harris Stevens and Halstead Property, the combined companies now manage 430 of New York’s highest end residential condominium and coop buildings containing 40,000 residences. The occupants of these units represent the top 0.01% of income earners in the country. Our managed portfolio includes some of New York’s most valuable residential buildings such as 220 Central Park South (which recently closed on the highest priced home ever sold in the United States at $240M), 15 Central Park West, the San Remo, One Beacon Court, 56 Leonard (aka the Jenga Building), One Fifth Avenue, 740 Park and numerous other renowned coops and condos.
Hadar’s recent philanthropic initiatives include a $2 million donation to the Division of Substance Abuse at the Columbia University College of Physicians and Surgeons to support promising research in the field of substance abuse. He has also endowed an annual lecture series at Columbia to disseminate the latest research in the field. Hadar has been dedicated Board Member and Trustee of Samaritan Daytop Village Foundation, the largest non-profit homeless and substance abuse treatment organization in New York. Samaritan provides shelter and support for over 33,000 single parents with children, veterans and homeless individuals in over 48 locations throughout the New York City area. Last year, The Eric D. Hadar Family Foundation was Samaritan’s leading donor, having donated $410,000. This year the “Eric D. Hadar Family Foundation Million Dollar Matching Challenge” was created, with the goal of raising funds and awareness for the expanded scope of services Hadar and Samaritan are in the process of developing.