David Samet Email & Phone Number

Exceed pro forma profit margins for high-end residential condominium conversion (several hundred units), including new infrastructure and luxury finishes.•Value engineer and coordinate architectural and M.E.P. design documents, expedite D.O.B. filing process, aggressively negotiate Construction Management Agreements, and minimize change orders.•Liaise with Lenders to assure Applications for Payment reflect fair value of work in place.

Consulting Services:•As principal consultant to Vornado Realty Trust, helped manage the design and construction of a 41 story luxury condominium tower and achieved substantial savings in associated hard and soft costs.•Guided design consultants toward timely completion of coordinated construction documents.•Negotiated consultant fees, Construction Management Agreement, subcontractor awards and change orders.•Prepared detailed monthly cost control reports and cash flow analyses.•Accelerated unit “Closing” schedule by implementing a premium time program funded from the project’s contingency.

Saved Ownership $10,500,000 by aggressively negotiating Construction Management Agreement, Contractor Trade Agreements and Change Order claims for a 21 story, 387,000 square foot luxury rental building.•Exceeded rental income projections by coordinating Design Team’s efforts to create more marketable apartment layouts and amenity spaces, and to maximize finished ceiling heights. •Applied a portion of accrued savings from subcontractor ‘buy-outs” to upgrade interior finishes and landscaping.•Accelerated leasing income and construction loan payments by expediting the TCO schedule.•Negotiated contracts with broadband providers, whereby they paid Ownership to install infrastructure concurrent with concrete superstructure. •Helped negotiate Access/License Agreement to create a direct interior connection with an adjacent property’s Health Club, whereby the Health Club (Licensee) pays rent to Ownership (Licensor).