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Acquisition
Sourcing and basis discipline
A Higher Form of Development
SB Development Group is a vertically integrated developer and general contractor with over two decades of experience, more than 3 million square feet delivered across the East Coast, and over two dozen ground-up projects from Long Island City to Biscayne Bay.
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Square Feet Developed
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Residential Units Delivered
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Properties Completed
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Completed Construction Value
Who we are
SB Development Group is a vertically integrated, New York-based developer and general contractor with over two decades of experience. The firm has developed more than 3 million square feet across the East Coast, encompassing over two dozen ground-up projects.
More About UsFeatured projects.
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Development process
From inception through delivery.
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Entitlement
Zoning and approvals
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Design Coordination
Architecture and engineering
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Capital Formation
Equity and construction debt
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Construction
Self performed delivery
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Sales and Leasing
Offering plans and lease up
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Delivery
Completion and asset management
Partners
Institutional lending and capital relationships.
SB finances its developments alongside established lenders and capital partners, providing dependable access to construction debt and equity through every phase of a project.
Principals
Principals with an operator’s perspective.
Joseph Stern leads development, acquisitions and finance. Roni Benjamini leads engineering and construction.
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Investor Relations & Acquisitions
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Joseph Stern
Partner & Co-Founder
Joseph Stern is Co-Founder and Principal of SB Development Group. He is a developer at heart driven by design, drawn to the belief that the buildings we create should outlive us and shape the cities they stand in.
Across more than three million square feet in New York and Miami, Mr. Stern has paired that design sensibility with a developer’s discipline, sourcing off-market opportunities, assembling complex land positions, and navigating the entitlement and incentive programs that make ambitious buildings possible.
His command of deal structure and his institutional relationships have defined the firm’s growth, and his conservatism in underwriting is why investor capital has been preserved through every cycle.
Roni Benjamini
Partner & Co-Founder
Roni Benjamini is Co-Founder and Principal of SB Development Group, where he leads the firm’s construction platform and brings the discipline of a builder to the ownership side of every project.
Trained as an engineer, he began his career at Bovis Lend Lease on Ben Gurion International Airport and at Turner Construction on the Goldman Sachs tower in Jersey City before founding SB. That background is the firm’s edge: construction knowledge sits inside underwriting from day one, budgets and schedules are set by the people who build them, and value engineering protects both quality and margin.
His relationships across the trades and his command of cost, schedule and risk are why SB delivers what it promises. He holds an MBA from NYU Stern and engineering degrees from The Cooper Union.
Steven Benklifa
Managing Director
Steven, a seasoned real estate professional, has successfully acquired over $500 million in assets. His expertise extends into project development and acquisitions, where he plays a crucial role in steering real estate development firms towards success.
Leveraging his extensive experience, Steven engages in strategic planning, identifies lucrative development opportunities, and facilitates seamless acquisitions, contributing to the growth and success of real estate development projects.
Capital discipline
Controlling what can be controlled.
Through Covid, rising construction costs and market volatility, the sponsors have controlled every controllable variable to avoid passing the burden on to the investor.
Disciplined basis
Acquire below replacement and below market
Conservative underwriting
Stressed costs, rents and timelines
Capital stack discipline
Right-sized leverage and reserves
Entitlement control
Approvals secured before commitment
Construction oversight
Self-performed cost and schedule control
Sponsor alignment
Principal capital invested alongside partners
Press
In the news.
As featured in
ForbesThe Real DealBisnowCommercial ObserverNew York YIMBYMiami TodayCityRealtyTraded