Key Real Estate Holdings Announces Partnership with EMC Acquisitions on Exclusive Commercial and Residential Property Development in New York

Posted on Jan 07, 2018 09:30 PM EST
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KEY Real Estate Holdings today announced a new equity partner in EMC Acquisitions, led by Chief Executive Officer Edgar Costa.

 Mr. Costa, an entrepreneur and private equity investor, also holds the CEO position for ECOJETS, a leading provider of private aviation services in North America.

 “The company is pleased to welcome Mr. Edgar Costa as Vice President of KEY Real Estate Holdings,” said Don Wellington, KEY’s Chairman. “We will benefit greatly from his broad business background. His experience makes him a great addition to our board.”

 The alliance brings a partnership on several New York based real estate developments, including The Time Nyack, a 133-room luxury boutique lifestyle hotel in the Hudson Valley, developed to offer travelers a carefully curated progressive and refined lodging experience. The Time Nyack offers an outdoor heated pool, over 4000 square feet of event space, and onsite dining in their signature restaurant BV’s Grill. The Time Nyack is a "tech forward" hotel, engaging guests with Amazon Alexa and Echo Dot technology in every room, allowing communication with the front desk without ever picking up the phone. Catering to the modern technological culture, rooms will soon be available to book on Amazon.

 KEY Real Estate Holdings and EMC Acquisitions have also partnered on the development of The Metropolitan Bronxville, a 35 unit luxury landmark property exclusively curated by famed architect David Easton, located in the heart of Westchester. The Metropolitan Bronxville reflects the highest echelon of real estate in Westchester, combining quality of construction with the passion for innovative, with units on target for completion in spring 2018.

 “There is tremendous opportunity in the current environment for development of properties that are unique in design and hold the highest quality in terms of construction, materials, and technology,” noted Mr. Costa. “There is a synergy between EMC Acquisitions and KEY Real Estate Holdings and I anticipate a strong partnership as we move forward with projects comprising these standards in excellence.”

 United by a common business culture, this new alliance between KEY Real Estate Holdings and EMC Acquisitions positions the company for expansion as a forerunner in the lower Westchester / Rockland County market. Key Real Estate Holdings and EMC Acquisitions are actively analyzing the acquisition of more projects in 2018.

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