SBD is a real estate developer and general contractor focused on transforming well-placed property to its greatest potential. Led by founders whose backgrounds combine engineering, construction, development, acquisitions and finance.
“SBD” is a real estate developer and general contractor with a focus on transforming well-placed property to its greatest potential. Led by its founders Joseph Stern and Roni Benjamini, whose backgrounds combine engineering, construction, development, acquisitions and finance.
SBD has developed and constructed over two dozen ground-up projects in New York and Florida, exceeding several million square feet of commercial and residential development ranging from intricate townhomes to high-rise towers. Currently, SB Development has over 3 million square feet under construction and in pre-development, including multi-family rentals to high-rise condominium towers and beyond.
Established in 2010, SB Development rapidly evolved into a full-service development company over the last decade. Having completed over two million square feet of diverse properties, from commercial to luxury residential, SB excels in navigating the complexities of new construction. At the core of our success is a responsive decision-making process.
With a foundation laid by Roni Benjamini and Joseph Stern, our team blends expertise in engineering, construction, development, acquisitions and finance, crafting mixed-use and mixed-income projects throughout the boroughs and the greater New York metropolitan area, and now on Biscayne Bay.
Being both owner and builder means one team owns every decision. Hover either side.
Assembling land, structuring air rights, securing entitlements and financing, then curating the design. A responsive decision-making process sits at the core of every project, from acquisition through lease-up or sellout.
SB’s general contracting arm forms the cornerstone of a hands-on project management approach. Working alongside the development team toward common goals, projects are executed with precision: on schedule, on budget and to the highest standard of detail.
SB Development is established, evolving within a decade into a full-service development company with its own general contracting arm.
A 23-story mixed-use tower is unveiled at the historic Dime Savings Bank site in South Williamsburg: 178 rental apartments, 40,000 SF of retail and 100,000 SF of Class A office.
NOVA, a 24-story Fogarty Finger-designed condominium, reaches completion in Long Island City; Rise LIC opens its housing lottery; and a bulk condo purchase in Edgewater marks the firm’s first move into Miami.
With Hazelton Capital Group, SB launches sales at Cove Residences, a 40-story bayfront condominium designed by Kobi Karp and Dieguez Fridman, and the firm’s first Miami project. Nova is granted its TCO.
Excavation begins and new renderings are revealed for DŌMI in Long Island City, backed by an $85 million construction loan. A bridge loan secures the Vela site at 419 NE 19th Street, and Cove Residences converts reservations to contracts.
M&T Bank provides a $40 million refinance for the 103-unit Rise LIC at 29-17 40th Avenue, while Cove Residences hosts South Florida brokers as sales continue on its 134 residences.
