Who We Are

Richard W. Eaddy

Richard Eaddy has twenty years of experience in real estate development, with many of those working on complex private development projects. He has also held various New York State and City government positions including serving as both the Deputy Borough President of the Bronx and Executive Director/CEO of Harlem CDC. Prior to those positions, Richard served as a Director of Real Estate Development at the Metropolitan Transportation Authority, the Director of Finance at the New York City Housing Partnership, and Development Manager at Olympia & York.

Richard began his real estate career providing consulting services to the Battery Park City Authority and also assisting North General Hospital in the creation of two new affordable housing complexes. He was appointed to the New York City Planning Commission in July 2002 by Mayor Michael R. Bloomberg.

Having received his B.A. from Wesleyan University in 1983, in 1988, Richard obtained his Master's degree from Columbia University's Graduate School of Architecture, Planning and Preservation in Real Estate. He was awarded the Battery Park City Authority Fellowship.

Philip Tugendrajch

Philip Tugendrajch has many years of experience in New York City government, first at the Department of Ports and Terminals, and later as the Director of Acquisitions at the Department of General Services (DGS). There he led the City's efforts in locating and acquiring property for government needs. He negotiated for and closed on numerous properties including wetlands, open space and office, residential, industrial and commercial buildings.

Since 1994, Philip has been working in the private sector. After leaving DGS, he went to work for Milstein Properties. More recently he worked with L&M/BFC Development LLC, where he focused on developing affordable housing. He also has experience in managing and developing residential, office and hotel projects in New York, New Jersey and Utah.

Philip has a Bachelor of Arts from the University of Michigan and a JD degree from New York University School of Law.