Real Estate Investment, Development and Management
Summit Development, LLC is a privately held diversified Real Estate Investment, Development and Management company. Summit specializes in opportunistic and distressed real estate investments, with a focus on redevelopment and repositioning of existing undervalued assets. Summit has successfully transacted $193 million in distressed notes and properties in the Northeast and Florida over the last two years. Since its inception in 1981 Summit has developed over 60 projects representing over four million square feet of commercial space and over 1000 residential units, with a combined market value of over $700 million.
Summit was founded in 1981 by Felix Charney, who started with the renovation of a small Victorian home in Westport, CT. Summit today has grown to a company with 13 senior executives and seven offices, including its main office in Southport CT, and additional offices in Chappaqua, NY, North Palm Beach, Tampa and Jacksonville, FL, Charleston, SC and Williamsburg, VA.
For over 30 years, Summit has leveraged its expertise and vision to create a diversified portfolio of commercial and residential properties providing sustained value for its investors, business partners and tenants. Working closely together as a team, Summit and its investors, tenants and business partners benefit from the strength of the company’s collective abilities to address the complex issues involved in owning a successful real estate portfolio.
