Gilbane Inc.
(Gilbane Development, Gilbane Building, Gilbane Development Company)
Owner, Developer
Private Equity
7 Jackson Walkway, Floor 4, Providence, RI 02903
People:
Gilbane Inc. NYC portfolio
$1.6 billion -elevator 54%, development 29%, G7 11%; Manhattan 36%, Bronx 35%, Brooklyn 27%*
138th largest portfolio by dollar value
3,302,511 sqft – elevator 88%, D7 7%, walkup 4%; Manhattan 39%, Bronx 32%, Brooklyn 28%
138th largest by SF
28 properties – Bronx 78%, Brooklyn 17%, Manhattan 3%
355th largest
3,211 residential units – Manhattan 39%, Bronx 34%, Brooklyn 25%
89th largest by residential units
Company Activity past 24 months:
Buyer company: 3 for $33.5 million
Borrower company: 5 for $1 billion
Developer (new building or major alteration): 3 for 644,311 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (3), Deutsche Bank (2), Merchants Bank of Indiana (1), Systima Capital Management (1), Merchants Capital (1), New York City Housing Authority (1), Low Income Investment Fund (1), City of New York (1)
Top Ten Associated People:
Bianca Geary (1), Katy Landolfi (1)
Recent activity as company:
• Gilbane Inc. and Institute for Community Living borrowed $144.8 million from NYC Housing Development Corporation for 860 Concourse Village East, Concourse Village, Bronx on December 19, 2025.
• Settlement Housing Fund sold 860 Concourse Village East, Concourse Village, Bronx for $16.9 million to Gilbane Inc. and Institute for Community Living on December 19, 2025.
• Gilbane Development for Dimitrios Katehis filed plans for new building for 277,206 sqft in Concourse Village, Bronx, on October 22, 2025.
• Gilbane Development for Dimitrios Katehis filed plans for new building for 187,325 sqft in Unionport, Bronx, on August 25, 2025.
• Gilbane Inc. borrowed $199.2 million from NYC Housing Development Corporation for 19 Chester Street on June 25, 2025.
• Tredway, Gilbane Development, ELH Mgmt. and Brookfield Asset Management borrowed $200 million from Deutsche Bank for 2727 Surf Avenue on June 18, 2025.
• New York City Housing Authority ground leased 1414 Amsterdam Avenue valued at $4.9 million to Gilbane Inc. on December 12, 2024.
• Gilbane Inc. borrowed $445.9 million from Merchants Capital and New York City Housing Authority for 1414 Amsterdam Avenue on December 12, 2024.
• Gilbane Development for Dimitrios Katehis filed plans for new building for 179,779 sqft in Coney Island, Brooklyn, on June 26, 2024.
• Gilbane Development borrowed $13 million from Low Income Investment Fund for 1931 Lafayette Avenue on May 09, 2024.
Latest Stories:
• Gilbane signs $199.2M construction loan for development in Brownsville (July 16, 2025)
• Gilbane Inc. signs $4.9M lease with NYCHA, borrows $445.9M for renovations (January 13, 2025)
• Gilbane Development pays $11.7M to Asland Capital, Pembroke for parcel in Unionport (May 21, 2024)
• Blue Sea Development files plans for 283-unit building in Brownsville (April 22, 2024)
• Gilbane Development plans 266-unit shelter in Concourse Village (December 29, 2023)
• Tredway, Gilbane Development, ELH Mgmt. pay Arker, Related $150M (June 14, 2023)
Court Records:
Properties: