Even before the COVID-19 pandemic, housing and rent prices in New York City were high. However, the pandemic did not help matters but only made them worse as more people were forced to relocate due to the loss of jobs, failed businesses, and lack of opportunities.
New York City is the heart of business, culture, and growth on the US east coast. Although the standard of living is high in New York; with novel eateries and fine dining restaurants, various health centers, fabulous shopping complexes, entertainment clubs, and world-class museums, the cost of living in New York is one of the highest in all of USA. Nevertheless, people who can afford to live in New York still appreciate the infrastructure and public resources available to New Yorkers.
Stephen Jemal, a real estate developer who has lived in New York City his entire life, noticed soon in his career that people who loved New York were struggling to live comfortably in substandard apartments and houseswhile paying premium rents in off locations, even being forced to live in the outlying boroughs. JemalHe empathized with them greatly when he discovered that these people were paying premium prices for living spaces with little to no amenities and were structured extremely poorly. People who used to live in deluxe locations in Manhattan were pushed to the outskirts to live in places that did not cater to their needs and did not facilitate or improve their living standards.
This is the problem Stephen Jemal saw in the New York real estate industry and wanted to help alleviate. With the help of his highly talented and knowledgeable son, Norman S. Jemal, Stephen began researching ways to create a residential project that could facilitate and vastly improve the lifestyle of six-figure salary earners in Manhattan. Stephen Jemal believes that when you work hard to generate income and build a life for yourself and your family, you should be able to enjoy it to the fullest.
Therefore, after four years of intensive market research, discussions with countless building experts, and planning of every critical project detail, Stephen Jemal came up with designs for a project, trademark pending, called “CENTRAL.”
What Is CENTRAL?
CENTRAL (trademark pending), is a real estate project planned and presented by JemRock Organization. Stephen Jemal is the Ppresident and CEO of the JemRock Organization,while Norman S. Jemal, a great contributor to the CENTRAL project, is the Member and COO of the organization.
After Norman and Stephen Jemal noticed how grave the living situation in New York was, even for well-off professionals, they began to plan a unique real estate project in Manhattan. The project aims to create a luxury multi-apartment project that will have top-of-the-line amenities and facilities, yet deliver at an affordable price point.
Later observing how deeply the COVID-19 isolation and pandemic affected the mental health of New York residents, Stephen Jemal introduced a new idea for the real estate project: a recession and pandemic proof development project. With a state-of-the-art fitness/wellness center, holistic food eateries, separate available workstations, entertainment sections, outdoor space and much more, residents of CENTRAL will be able to keep themselves fulfilled mentally and physically by engaging in different activities in the event of a lockdown.
Another feature of the project that was deeply important for Stephen Jemal was to incorporate rustic style quality architecture into the mix. The architecture and planning of modern buildings usually include low-quality materials that are not sustainable in the long run. CENTRAL buildings already exist and the plan is to convert these magnificent With brick and limestone buildings and thedesign of the early 1920s into affordable luxury apartments marketed to the masses of six-figure earners., The CENTRAL is going to be constructedmantra is truly defined by its own trademark pending slogan: “Live, Work, Be Well” as theand will be the complex everyone dreams and aims to live in, synchronizing perfectly with their desired lifestyle.
Stephen Jemal – The Man Aiming to Make CENTRAL Manhattans a Luxurious Affordable Location Destination
Stephen Jemal is a highly renowned real estate developer who began working in the industry as he handled another flourishing and famous business in thethat dominated the electronics retail industry, Nobody Beats The Wiz. Although he was unawareThrough the decades of building The Wiz brand, Jemal learned exactly how of how the construction business worked at the time, and his impeccable networking skills allowed him to connect with experts in the industry and learn from them. After working on a few residential andmyriad commercial-scale and residential mixed-use projects, he hadJemal developed a ground-up approach that aided him in discovering what it was exactly that made a project cost-efficient, ultimately successful and precisely how to build a world-class team to execute on his vision.
Can Stephen Jemal Build CENTRAL?
According to Stephen Jemal, the plans for CENTRAL could not have been made possible if it were not for the hardworking and highly dedicated team working behind alongside him on the project. After Stephen Jemal developed a clear idea of what he wanted to achieve in his dream residential project, he sought help from well-known professionals from the construction and real estate industry throughout New York City. Stephen has been in the industry for a fiveew decades and has a vast network of New York’s most competent and talented technical and planning experts.
These professionals were hiredjoined JemRock in to researching, cultivating and refinig the plan for CENTRAL further to calculate costs, address critical potential concerns, make improvements, and plot the project so as to minimalize cost overruns. Alex Elkin, a world-class construction expert and the founder of Eastbound Construction, was also excited by the prospects of growth and innovation offered by CENTRAL and plans to join forces with JemRock Organization onfor this greate project.
The vision for premium yet affordable rent space in the lavish location of Manhattan could not have been made possible without the innovative processes and organizational skills of Stephen Jemal. His excellent eye for detail and intelligent approach to problems enabled him to creatediscover a total vertical integration method of planning, designing, material procurement, construction, project management, and organization. This can reduce any excessive costs associated with the project and shorten the completion timeline for the project as well. It also allows every operation in the process to run smoothly from the beginning-to-end without interruptions, delays, and extra costs.
All in all – Stephen Jemal has recognized a highly in-demand niche and vacuum in the NYC real estate industry. With viable plans devised by JemRock Organization and CENTRAL’s core team, CENTRAL will change the NYC real estate industry with its incredible and unique offerings forever.
Although some people may deem Stephen and Norman Jemal’s plans as outrageous, they have been verified by legal experts, architects architects, as well as construction experts and are estimated to be finished in about approximately 12 to 18 months, which is a feat in itself. With his highly experienced team of professionals, Stephen Jemal is confident that CENTRAL will become a highly coveted location once it launches in Manhattan. After its success in Manhattan, NYC, Stephen hopes to expand the project to other luxurious locations in the United States and branch out to other key cities of the world as well.
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