GFP Launches Affiliated Company Focused on Development and Construction

GFP Real Estate, LLC has launched GFP Development, a new affiliated company formalizing the firm’s rapidly growing development and construction platform as GFP continues to pursue large-scale development, repositioning and conversion opportunities throughout New York City and the surrounding region. The new entity will be led by Brian Steinwurtzel, who will transition from his role as co-CEO of GFP Real Estate to serve as CEO of GFP Development.

“Launching GFP Development allows us to better define and focus our development platform as we continue pursuing increasingly sophisticated construction, redevelopment and adaptive reuse opportunities across the region,” said Steinwurtzel. “We have built tremendous momentum in this business over the past several years, and formalizing the platform gives our team a dedicated identity and sharper strategic focus as we continue to scale.”

As part of the transition, Jeffrey Gural, co-CEO of GFP Real Estate, will assume the title of chairman and CEO of GFP Real Estate, continuing to lead its day-to-day operations and oversee its legacy portfolio while guiding the next phase of growth.