Jason Algaze
Jason Algaze is an 18-year veteran in the real estate investment and development industry, known for his unique blend of creativity, passion for building, and financial expertise. His extensive experience enables him to execute successful and profitable projects with a distinctive vision. Jason's multi-faceted development background allows him to select the right people and companies for each project, bringing out the best in every team member. His expertise spans the entire development process, including creating assemblages for acquisitions, investment analysis and deal structuring, understanding local zoning and entitlements processes, fostering public-private relationships with municipalities, developing innovative project design concepts, and assembling elite design, consultant, and construction teams for execution.
In 2019, Jason founded Abstract Development Group as the new development affiliate backed by Bronstein Properties, a 50-year-old New York-based real estate family office. Shortly after, he expanded into the Salt Lake City real estate market, recognizing its tremendous growth potential. This led to a primary focus on the area and the development of local relationships throughout Utah over the past several years. Currently, Abstract Development has three projects in various phases of development: One Burton in South Salt Lake, 1345 South Jefferson in the Ballpark District, and another new South Salt Lake site in planning. One Burton is a recently completed 180-unit multifamily building with 220 parking spaces and 8,000 square feet of retail space in the heart of South Salt Lake's emerging downtown district. The project aims to elevate design standards in the market, showcased by its ultra mid-century modern architecture and interior design. Jason and his team at Abstract Development Group are committed to further expanding their footprint in Salt Lake and Utah, with a goal of building around 1,500 units over the next few years.
Earlier in his career, Jason worked for a prominent New York and Miami-based development firm on over $10 billion in new projects, comprising over 8 million square feet and more than 8,000 residential units. These included notable developments such as a 1,400-foot tower with 44 ultra-luxury residences overlooking Central Park, New York City; a 45-story tower with 400 multifamily units in Long Island City, Queens, New York; a 45-unit boutique condominium and townhome building in SoHo, New York; and various luxury condominiums and rental buildings throughout the greater Miami and South Florida areas. He also has had experience with a real estate private equity firm focused on distressed investment opportunities and started his career in large loan real estate finance at Credit Suisse that covered a wide range of asset types throughout the country and select transactions abroad.
Jason is a graduate of the University of Miami and holds an MA in real estate finance and development from New York University.
Abstract Development Group
Principal