Phillip Owens
Carmel Partners
Developer, Owner
Carmel Partners NYC portfolio
$1.4 billion -development 84%, mixed-use 14%; Queens 61%, Brooklyn 22%, Manhattan 15%*
162th largest portfolio by dollar value
14,029 sqft – mixed-use 56%, office 22%, walkup 21%; Manhattan 77%, Queens 22%
5552th largest by SF
9 properties – Manhattan 44%, Brooklyn 33%, Queens 22%
1111th largest
1,660 residential units – Queens 56%, Brooklyn 34%, Manhattan 9%
204th largest by residential units
Person Activity past 24 months:
Borrower signatory: 1 for $643.6 million
Top Ten Associated Companies:
Northwestern Mutual Life Insurance (1), Wells Fargo (1), PCCP (1)
Top Ten Associated People:
Christian Adrian (1), William R. Lindsay (1)
Recent activity as signatory:
• Carmel Partners borrowed $643.6 million from Wells Fargo for 43-40 24 Street on December 30, 2025.
• Carmel Partners borrowed $153 million from Northwestern Mutual Life Insurance for 1487 1 Avenue on September 07, 2023.
• Carmel Partners borrowed $32.7 million from PCCP for 225 East 63 Street on July 07, 2023.