Essence Development

About Essence Development

Essence Development is a real estate operator headquartered in New York, NY. Essence Development operates in New York City, New York, Philadelphia-Camden-Wilmington, Pennsylvania-Delaware and Toledo, Ohio. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Ground-up.

Essence Development, founded in 2020, is a 100 percent minority-owned real estate development firm focused on affordable and workforce housing, sustainable housing, and mixed-use developments in urban areas. The company integrates energy efficiency, affordable healthcare, nutrition, connectivity, education, and workforce training into its projects. Since inception, Essence Development has amassed a portfolio valued at over $6 billion. That includes more than 3,800 affordable and workforce housing units, approximately 3,000 market-rate units, and nearly 500,000 square feet of life-science and research space across the Northeast corridor. The firm uses a scalable model that combines federal, state, and local programs with private-sector resources to create and preserve housing in urban cities nationwide.

Principals at Essence Development