LUXURY REAL ESTATE SEES GLIMMERS OF RECOVERY
Chris Pollack, LTD Completes 50th Project for Ultra-High Net Worth Clientele
NEW YORK - June 11, 2012 - Chris Pollack, Ltd., a full-service, boutique advisory and management firm for global, high-end residential and commercial real estate projects, announced today the completion of its 50th project for its ultra-high net worth clientele. Chris Pollack, President of Chris Pollack, Ltd. provides “white-glove” end-to-end real estate development services, acting as the owner’s representative and managing each specific project need including: sourcing properties, recommending architects, builders, specialty artisans and craftsmen, interior designers, etc. The firm works globally with projects in locations including: New York City, Los Angeles, The Hamptons, Greenwich, Conn., Nantucket, Mass., London and the Caribbean.
“We are beginning to see signs of a recovery in the ultra-high-end Real Estate market,” said Pollack. “Now is a great time to be building or remodeling a luxury property. Not only are land values bottoming but real estate expertise across the development chain is eager to work and more negotiable than ever.”
While Chris Pollack, Ltd.’s clientele is diverse and includes high-end residential owners, hedge funds, exclusive resorts and prestigious commercial office buildings, they all have the same demand- the utmost in quality in an expedited timeframe for the most value. The firm has 12 plus years of extensive market intelligence and pricing history to guarantee that clients are getting the best bids, while ensuring a timely execution of the design and construction plan.
Pollack continued, “2012 is shaping up to be a boom year for those buyers looking at the very high-end of the market, $5 million plus. We have fielded more inquiries in the first four months of 2012 than in all of 2009 and 2010 combined. Buyers are looking for new land and new projects and need the expertise to bring these projects to fruition.”
With flawless communication between all parties, extreme attention to detail, and savvy relationship skills, Pollack estimates saving clients not only as much as 15 percent in cost but more importantly 20 percent in personal time savings, the values of which can be excess of several million dollars.
“We bring owners solutions instead of problems,” continued Pollack. “Development projects of this caliber can take anywhere between 18 – 24 months, not including eight months of upfront design and approvals. To keep the process on point we act as the owner’s advocate, addressing issues that can destroy the construction progression if left unaddressed.”
Pollack concluded, “Our pulse on the real estate market and ability to identify potential pitfalls saves priceless time that unlike money, our clients have very little to spare.” “We take great pride in making our clients vision a reality.”
About Chris Pollack, Ltd.
Chris Pollack, Ltd. (www.chrispollack.com) is a full-service, boutique advisory and management firm for global, high-end residential and commercial real estate projects. Chris Pollack, President of Chris Pollack, Ltd. provides end-to-end real estate development services, acting as the owner’s representative and executive project manager. In its twelve year history, the firm has completed 50 projects across the globe in locations including: New York City, Los Angeles, The Hamptons, Greenwich, Conn., Nantucket, Mass., London and the Caribbean.