Simon Dushinsky and Isaac Rabinowitz are going their separate methods. A minimum of on the subject of new initiatives.
The press-shy co-founders of the powerhouse New York Metropolis developer Rabsky Group are not pursuing new improvement alternatives collectively, in accordance with a supply accustomed to the matter. The previous duo is specializing in their particular person portfolios and ventures, the supply mentioned.
Rabsky will live on and Dushinsky and Rabinowitz will nonetheless work collectively to personal and function Rabsky’s current portfolio of $4 billion in property, the supply mentioned.
Dushinsky is specializing in his solo enterprise, Sky Fairness Group, which focuses on luxurious apartment and multifamily developments in New York Metropolis and South Florida. Rabinowitz’s new firm will not be recognized. Rabinowitz’s son-in-law Yitzchok Katz runs Goose Property Administration, a agency affiliated with Rabsky that has grow to be a significant participant in Brooklyn by itself.
When Sky Fairness first launched, it was unclear if it was an offshoot of Rabsky. Now, it’s grow to be clear that the 2 are going their separate methods with new initiatives.
Rabsky was based within the early Nineteen Nineties by Dushinsky and Rabinowitz, each Hasidic immigrants from Israel. The identify “Rabsky” is a portmanteau mixing their final names. The 2 began constructing houses within the U.S. in Kiryas Joel, New York, earlier than establishing residential properties in South Williamsburg after which creating megaprojects within the fast-gentrifying North Williamsburg and Brooklyn.
Sources mentioned Rabinowitz targeted extra on design whereas Dushinsky dealt with day-to-day operations.
“We’re two companions, we do all the things collectively,” Rabinowitz mentioned in a deposition in 2012. “Twenty instances a day now we have conferences collectively.”
A few of Rabsky’s notable initiatives embrace the Rheingold, a 500-unit rental at 10 Montieth Road in Bushwick, a 1,100-unit, eight-building challenge on the former Pfizer website in South Williamsburg’s Broadway Triangle, and 625 Fulton Street, an 1,100-unit multifamily constructing in Downtown Brooklyn.
The agency is constantly ranked in The Actual Deal’s annual rankings as one of many metropolis’s most energetic builders.
A couple of years in the past, rumors unfold that Rabinowitz and Dushinsky have been splitting up, however a Rabsky consultant denied the fracture in a 2024 interview with TRD.
“I can’t communicate to rumors, however I don’t see it,” mentioned the Rabsky consultant named Hersh on the time. “I’m seeing them working day-after-day collectively, sitting collectively, going to job websites collectively, offers collectively. I’m seeing the identical relationship that I noticed.”
Dushinsky is the better-known of the pair, with sources mentioning his direct communication model and a focus to element on all elements of the event course of.
“There’s no bullshit,” a supply instructed TRD in 2024. “He’ll say, that is what you’ll do. And in two weeks I need to have a shovel within the floor.”
In 2024, Dushinsky pivoted to markets exterior of Brooklyn. These initiatives have been a part of Sky Fairness. In Manhattan, the agency is establishing 65 Franklin Street, a luxurious apartment improvement in Tribeca, and lately topped out at 260 East 72nd Street — a 20-story apartment tower. In Brooklyn, Sky Fairness accomplished The Westmark, a 425-unit rental advanced in Gowanus.
In South Florida, Dushinsky’s agency is constructing The Ombelle Fort Lauderdale, a two-tower luxurious apartment challenge.
Sky Fairness has a improvement pipeline of almost 7 million sq. ft.
Sky Fairness declined to remark. Rabinowitz didn’t return a request for remark.
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