The Continuum Company “TCC” is a privately held real estate development firm based in New York City. TCC’s core business is the acquisition and development of residential (both for sale and rental housing), office, hospitality and retail space in New York, Miami, and Las Vegas. To date, TCC has developed more than 12 million square feet totaling over $6 billion.
Under the direction of Ian Bruce Eichner, the company’s founder, TCC’s team of real estate professionals has a successful track record of developing complex, multi-phased projects from inception to occupancy. The company is involved in all aspects of development including acquisition and finance, design and construction, sales and marketing, and project management.
TCC’s primary focus has been on the development of properties in New York City. These properties include Montague Street, The Richmond, The Boulevard, One Broadway Place, The America, Citispire, The Royale, The Manhattan Club, and The Kingsley.
The Continuum on South Beach, TCC’s first venture outside of New York City, resulted in the development of a 2-tower gated-community on the ocean, with first class amenities, spa and private beach club. The property is the first and only gated community in South Beach.
The Cosmopolitan Resort and Casino, TCC’s second venture outside of New York City, that used an urban development model to maximize the potential of an 8.5 acre parcel ideally situated on the Las Vegas strip. The development resulted in the construction of over 6.5 million square feet.
The Cosmopolitan (Estimated Completion 2010): A 6.5 million square foot hotel/condo/casino centrally located on the Las Vegas strip. The 8.5 acre resort consists of two towers containing 2,200 condo-hotel units and 800 hotel rooms. The development features approximately 150,000 square feet of convention and meeting space, a 100,000 square foot casino, 250,000 square feet of retail and restaurant space, a 40,000 square foot spa and fitness facility, a 1,800- seat theater, multiple beach decks with a Beach Club overlooking the Las Vegas strip and a 5-level underground parking garage with 4,000 spaces.
Cost: $440 M
Continuum on South Beach (2002/2008): The only gated oceanfront community at the southern tip of Miami Beach. The 12-acre property totals approximately 1.4 million square feet and consists of two towers, one with 317 condominiums (including 14 townhouses) and 14 cabanas, and a second with 213 condominiums (including 7 townhouses and 7 lofts) and 14 cabanas. The project contains a 20,000 square foot spa and fitness center with a rooftop lap pool, three clay tennis courts with a pro shop, and 1,000 linear feet of beach frontage with a private beach club.
Cost: $54 M
Montague Street (1998): A 33-story, luxury rental and retail development located on Montague Street in Brooklyn Heights, New York. The building totals approximately 212,000 square feet and consists of 192-units, a fitness center, outdoor roof deck, retail space on the ground floor and a parking garage. This was the first new high-rise apartment building to be developed in Brooklyn Heights since 1965.
Cost: $40 M
The Richmond (1997): A 25-story luxury condominium building located at Third Avenue and 80th Street in New York City. The building totals approximately 250,000 square feet and consists of 101 residential units and 40,000 square feet of retail, professional offices and storage space.
Cost: $141 M
The Manhattan Club (1995): A 26-story urban timeshare located at 200 West 56th Street between 7th Avenue and Broadway in New York City. The 215,000 square foot building consists of 286 units, representing 14,872 ownership weeks. The Manhattan Club owners have access to a private bar/lounge, business center, meeting rooms, fitness facility, library, and two sun lounge terraces. The Manhattan Club was the first timeshare in New York City. It adapted the notion of traditional timeshares to an urban environment by allowing buyers to purchase 7-day intervals for use in single-day increments.
Cost: $280 M
One Broadway Place (1990): A 44-story mixed-use development located on Broadway and 45th Street in Times Square, New York City. The building totals approximately 1,100,000 square feet and consists of 900,000 net rentable square feet including a 150,000 square foot multi-level retail space, which houses a Loews multiplex theater and a 50,000 square foot below grade parking garage.
Cost: $120 M
The Boulevard (1989): A 20-story luxury condominium located on Broadway between West 86th and West 87th Streets in New York City. The building totals approximately 480,000 square feet and consists of 355 residential units, a health club with an Olympic size swimming pool, racquetball and squash facilities, as well as 25,000 square feet of retail space which houses an underground supermarket and a 40,000 square foot parking garage.
Cost: $225 M
Cityspire (1987): A 72-story mixed-use skyscraper located on 56th Street between Sixth and Seventh Avenues in New York City. The building totals over 850,000 square feet and consists of 340 residential units, a health club, 24 floors of office and retail space, and a two-level parking garage.
Cost: $60 M
The America (1986): A 36-story luxury condominium building located at Second Avenue and 85th Street in New York City. The building totals approximately 220,000 square feet and consists of 200 residential units, retail space and a parking garage.
Cost: $80 M
The Royale (1985): A 42-story luxury condominium building located at Third Avenue between 63rd and 64th Streets in New York City. The building totals approximately 250,000 square feet and consists of 205 residential units and 25,000 square feet of retail space, including an underground supermarket and a 17,000 square foot parking garage.
Cost: $40 M
The Kingsley (1984): A 40-story luxury condominium building located at First Avenue and 70th Street in New York City. The 216,000 square foot building consists of 210 residential units, retail space and a parking garage.
The Continuum Company is pleased to announce 1800 Park Avenue, the newest addition to its residential property portfolio. 1800 Park, designed by ODA, will feature approximately 700 apartments and over 20,000 square feet of indoor and outdoor amenities. Located along the popular shopping and dining corridor of 125th Street, 1800 Park will provide over 200’ of retail frontage which will serve to further support the growth of Harlem’s new business development initiatives.
The Continuum Company’s residential property portfolio expands to include 45 East 22nd Street. Currently in the design phase, the tower rising over 50+ stories will consist of approximately 200,000 residential square feet and a comprehensive amenity program. The property is well located just off Park Avenue South within close proximity to Madison Square Park and the Flatiron and Gramercy Park neighborhoods. Construction is expected to commence in early 2014.
Ian Bruce Eichner, a seasoned developer of urban mixed-use properties, has a proven track record in real estate spanning more than three decades. His vast portfolio of projects in New York, Miami and Las Vegas include City Spire, One Broadway Place, The Manhattan Club, The Royale and Montague Street in Brooklyn Heights. Outside of New York he has developed the Continuum, a 2-tower gated condominium community in South Beach, and the Cosmopolitan, a 3,000 room resort and casino on the Las Vegas strip.
Mr. Eichner’s acute business sense has produced a series of visionary real estate developments that have been characterized by a creative mix of distinctive purpose-built properties. Each of these properties illustrates his extensive real estate expertise and ability to take situations which others may find unachievable and off-putting, and design and execute solutions which realize value for the developer. Mr. Eichner’s notable development achievements that were the first in their class include:
1. First high-rise built in Brooklyn since landmarks height legislation was passed in 1965 (Montague Street, 1998)
2. First urban timeshare in New York, with a new concept of being able to book stays one day at a time (The Manhattan Club, 1996)
3. First and only beachfront gated community in South Beach (The Continuum, 2003-2008)
4. First development on the Las Vegas strip to employ an urban development model, maximizing a small (8.5 acre) site to its full square footage potential (6 ½ million square feet).
Mr. Eichner’s career in real estate follows almost a decade in the criminal justice system, including terms as an assistant District Attorney and program development chief of a gubernational agency during Nelson Rockefeller’s tenure.
TCC’s team of real estate professionals has conceived and implemented unique approaches to different types of development opportunities in select markets. The company’s overall approach takes into consideration all aspects of each property. The development plan is always designed with a profound understanding of the marketplace in which the property will be developed, sold or leased.
Under Mr. Eichner’s guidance, TCC has become skilled at establishing realistic and achievable development and operating budgets as well as determining price points for both sale, lease or rental that are realistic, achievable and profitable to ownership. A world-class network of specialists in construction, engineering, design and marketing complements TCC’s in-house capabilities. Working with these practitioners, the TCC team makes sure that each development achieves the highest performing results. In-house involvement in all phases of development ensures that projects are carefully selected, planned and executed, that costs are controlled and the quality of the product is delivered.
Leslie is a seasoned real estate professional specializing in design and marketing as well as sales and leasing. She has served as both President of The Manhattan Club and Chief Creative Officer For The Cosmopolitan Resort in Las Vegas. With a professional career focused on real estate product design and development as well as sales and marketing, Mrs. Eichner is a critical part of the team that shapes each TCC development.
As President of The Manhattan Club, Mrs. Eichner was responsible for the conceptualization, design and development of The Manhattan Club, New York City’s first urban timeshare, and to date, the largest urban timeshare development in the world. Mrs. Eichner also served as Chief Creative Officer for The Cosmopolitan Resort and Casino in Las Vegas, Nevada. In this capacity, she oversaw the design/development of the 6.5 million square foot resort, including architecture and interior design of hotel rooms, condo-hotel suites, casino suites, casino, retail atrium, meeting rooms, beach club, night club, pool decks spa, theater, restaurant spaces, signage, and all other related spaces. In addition, she was responsible for the conceptualization and development of the overall branding strategy and positioning of the property and was instrumental in the successful marketing of the condo-hotel product.
Prior to The Cosmopolitan, Mrs. Eichner was involved in the overall branding, marketing and design of The Continuum on South Beach. In addition, she ran the management company for the offices at Cityspire and was responsible for the commercial leasing program. She was also responsible for the commercial leasing of One Broadway Place and the retail leasing of The Royale.
Mrs. Eichner’s career has spanned three decade with both corporate and entrepreneurial experiences. Prior to her work in real estate, she headed a consulting practice which specialized in creative problem solving and the design of strategic sales and marketing initiatives for financial institutions and small business owners. Her 30-year career also includes 17 years as an executive at a major financial institution.
Lager joined the Continuum Company LLC in November 1994 as Chief Operating Officer. Mr. Lager’s extensive experience in the operational arm of real estate development makes him critical to the Continuum team. Over the past 15 years with TCC, Mr. Lager grew the Park Central Hotel, a 935-key hotel in midtown Manhattan, from a net operating income of $1.9 million in 1995 to $18.5 million. He was also instrumental to the operations/development of The Manhattan Club, a 286-suite interval ownership (timeshare) property within the same structure of the hotel, generating more than $325 million in net timeshare sales from a start-up in June 1996 through December 2008. Mr. Lager holds a J.D. degree with honors from The National Law 15 Center, George Washington University and a Bachelor’s Degree from the University of Maryland.
Michael Merola joined The Continuum Company LLC in 2010 as General Counsel. With more than a decade of legal experience at major Manhattan law firms including Weil Gotshal & Manges and Cahill Gordon & Reindel, Mr. Merola has structured, negotiated and managed a variety of acquisition and finance transactions for major financial institutions and public and private companies. Additionally, he has served as the outside general counsel to companies from their nascent stages through their development into more mature companies. In this capacity, he has become intimately engaged in the business affairs of these companies and provided counsel on an array of legal and operational matters.
Most recently, Mr. Merola served in a business capacity in the institutional wealth management group of a major financial institution. Mr. Merola holds a J.D. degree with honors from Harvard Law School and a Bachelor’s degree from Franklin & Marshall College.
Jared Simon joined The Continuum Company as a Development Officer in 2011. Mr. Simon brings with him unique leadership and experience in design and construction while understanding and maintaining the design intent and concept. His expertise in architecture includes, Zoning Analysis, Document Development, Bid Administration and Construction Administration and Management. Jared also has experience interacting with municipal and other governmental agencies including NYC Landmarks, City Planning, Amtrak, Loft Board (IMD Tenants), DOT and MTA approval processes. Mr. Simon is responsible for the day to day project management of The Continuum Company’s Harlem development. In particular, he manages and coordinates the work of the various project consultants including, among others, the design and executive architect, the mechanical, civil, structural and environmental engineers.
Prior to joining The Continuum Company Jared was a Senior Project Manager at H. Thomas O’Hara Architect and Stephen Alton Architect. While working as a Senior Project Manager, Simon was responsible for managing numerous Residential Condominium and Hotel projects from inception through completion. Mr. Simon holds an Associate’s Degree in Architectural Engineering Technology from Wentworth Institute of Technology and a Bachelors of Architecture from Pratt Institute in Brooklyn NY.
William Wallace IV joined the Continuum Company in 2013 as Vice President. With over 30 years of real estate development experience, Mr. Wallace has been involved in all aspects of pre-development; planning; acquisitions; leasing; development; finance; construction and operation of over 1.5 Billion dollars in development projects in New York and Miami.
During his tenure as an executive with Forest City Ratner, a premier national real estate development firm, Mr. Wallace assisted in developing a massive casino/hospitality/retail project in Atlantic City; the first convention hotel built in Miami Beach in over 30 years (Loews Miami Beach); a power retail center in the Bronx and mixed income housing in downtown Brooklyn.
Mr. Wallace previously served as Executive Vice President of a real estate development firm responsible for the development and financing of workforce housing. Mr. Wallace is a graduate of Stuyvesant High School, Brooklyn College and Rutgers University School of Law. Upon leaving Law School, he served as a Law Clerk in Brooklyn Supreme Court.
Luk Sun Wong has been involved in real estate development focused on the NYC region for more than twenty-five years. His work has included luxury condominium high-rises, office and retail complexes, and affordable townhouse communities. Some notable projects under his management include The Shephard House, Solaria, Atlantic Houses, One Broadway, and The Royale. In the past, Mr. Wong has specialized in navigating complex governmental approvals, managing multi-disciplinary design and construction processes, and directing marketing, sales, leasing as well as property management operations.
Prior to real estate development, Mr. Wong worked with the NYC government, as a private architect, and an urban planner. During his government tenure, he directed the development of the Intrepid Air, Space, and Sea Museum. Mr. Wong holds a Bachelor of Architecture and a Master of Science in City and Regional Planning from Pratt Institute.
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