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

Recent activity at Essence Development

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Essence Development's project portfolio

No projects on file for Essence Development yet.

Markets and themes

Markets Essence Development operates in

• New York City, New York
• Philadelphia-Camden-Wilmington, Pennsylvania-Delaware
• Toledo, Ohio

Investment themes at Essence Development

• Affordable Housing
• LIHTC
• Multifamily - Ground-up
• Senior Housing
• Workforce Housing

Capabilities

• Construction Management
• Economic Development
• Luxury
• Site Development
• Sustainability
• Technology-forward
• Urban infill

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Frequently asked questions about Essence Development

What does Essence Development do?

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.

Where is Essence Development based?

Essence Development is headquartered in New York, NY.

What markets does Essence Development operate in?

Essence Development is active in New York City, New York, Philadelphia-Camden-Wilmington, Pennsylvania-Delaware, and Toledo, Ohio.

How many employees does Essence Development have?

Essence Development has 2–10 employees.