MaryAnne Gilmartin's Firm Eyes 1M SF Tower For Miami Debut
The woman who developed the Barclays Center basketball arena in Brooklyn and Manhattan's tallest rental tower has her eye on Miami.
MAG Partners, the development firm founded by MaryAnne Gilmartin, is looking to hire a seasoned development executive to spearhead a mixed-use tower with a hotel, luxury condos and retail spanning more than 1M SF, according to a LinkedIn post from the company this week.
The Manhattan-based firm is searching for someone with at least 12 to 15 years of experience and a track record of delivering major projects in Florida to oversee its Magic City debut.
“This is a career-defining opportunity to drive a large-scale, design-forward project from concept through stabilization under the leadership of MaryAnne Gilmartin and the MAG Partners executive team,” the company's LinkedIn post reads.
The developer would lead the project from strategy and design to budget and construction through sellout, opening and stabilization. The post directed interested applicants to apply to MAG Partners principal Ashley Cotton.
Cotton declined to comment on the posting or MAG's plans in Miami.
Gilmartin founded MAG Partners in 2018 after stepping down as CEO of Forest City Ratner. When she led the New York development firm, it built the Frank Gehry-designed 8 Spruce St. apartment tower and The New York Times building on Eighth Avenue.
Her firm has largely focused on developing mixed-income apartment buildings in New York City, but it also, until recently, was the master developer of the largest project in Baltimore, Baltimore Peninsula.
Gilmartin took over the 235-acre megaproject on waterfront controlled by Under Armour CEO Kevin Plank in 2022 and developed two apartment buildings, an extended-stay hotel, an office building and a three-building mixed-use complex with a food hall.
Bu the project's latter phases failed to gain traction as interest rates and construction costs climbed. MAG exited the project last year. Hines was tapped to manage the existing assets, and the undeveloped sites were taken over by their lender, Bank OZK, Bisnow first reported.
The firm has no other projects outside of New York, according to its website. It's unclear if it has a site under contract in Miami.
