PG Development Group

CONTENTS PG DEVELOPMENT

The PG Development (PGD) team is dedicated to development projects throughout Connecticut and Hudson Valley, New York. We have an unmatched understanding of the market, allowing our clients to meet short and long-term goals. Our client-driven approach ensures that each project is tailored to make your vision a reality.

WHY PGD?

PGD’s team of highly experienced professionals are committed to meeting the challenges that the Senior/Assisted Living, Multi-Family Residential, and Healthcare & Life Sciences industries face when creating a space.

Regardless of the size of your project, we work closely with you to deliver the strategies that will move your project forward. We are driven by our commitment to excellence, creativity, and professionalism through every phase.

Senior/Assisted Living

Understanding your development perception

Multi-Family Residential

Planning your development and making it a reality

Healthcare & Life Sciences

Bringing your development to life

Throughout the construction lifecycle, we’re by your side.

OUR SERVICES

With over 90 years of combined experience, PGD provides unparalleled real estate advisory services to the Senior/Assisted Living, Multi-Family Residential, and Healthcare & Life Sciences real estate industries. We have forged long-term client relationships based on our success in optimizing real estate objectives and establishing the bar for lease and sales terms.

As a group of principals, we lead every engagement.

Senior/Assisted Living

Creating functional and aesthetically pleasing space, we work with you to ensure each community has the amenities and the functionality necessary to achieve your business goals.

Multi-Family Residential

Working with PGD ensures professional services within the multi-family residential market. Our experienced professionals will address each aspect of your real estate need at PGD.

Healthcare & Life Sciences

From leasebacks to medical office developments, working with PGD ensures the most seasoned professionals in the market will address every aspect of your real estate needs.

STRATEGIC PLANNING

Constructing a better environment

PGD provides strategic planning for every market we specialize in. Our team works together with you to determine your needs. We develop a plan to establish financial strategies, select a viable site, and create a space to reach your goals. Backed by our experience, the plans cater to every project’s challenges and logistics.

Full services include:

• Site selection and acquisition

• Pre-development budget preparation

• Financial analysis

• Architectural and contractor selection

• Vendor contract negotiation

• Financing

• Governmental approvals

DEVELOPMENT

Working together to create a strategy

PGD provides comprehensive Real Estate development services. Each real estate venture has unique challenges and requirements that we will meet. We work closely with you to create the best strategy to execute your vision and to guarantee we accomplish your goals.

MANAGEMENT

Advancing and executing all aspects of your project

As a comprehensive Real Estate Development firm, we understand all facets of your project. Our experience and market expertise gives us the foresight to handle your project’s challenges. From initial strategy to final execution, every angle of your project will be managed by PGD within your time frame and budget.

DESIGN-BUILD

Executing your plan

Design Build services is the execution phase where all the planning will pay off. Our construction manager transitions the project from the planning stage to the design-build construction phase.

The Construction process is generally divided into four essential phases: Planning, Preconstruction, Construction, and Close-out.

We ensure your project goes smoothly, stays within budget, is completed on-time and meets all your needs.

BENEFITS

The first part of any project is to define goals and evaluate feasibility. The owner, architect, engineer, and construction manager review what is to be built, if it is sustainable, and what the costs will be from a 30,000-level aspect. Bringing a Construction Manager onboard in the early stages as a designbuilder is invaluable to the process both financially and informatively. The team is aware of the current cost of building materials and the changing trends in the marketplace. Having been involved in many similar projects, their knowledge and ability to offer insight before a problem occurs can make or break it. When everyone works as a team from the beginning, issues are resolved immediately.

The PGD team has developed hundreds of thousands of square feet of space throughout NY & CT in the past five years.

A successful site selection must meet a variety of demands.

At PGD, we ensure the properties we locate are in the most desirable zip code in the leading market at the ideal cost. We have established solid relationships with various consultants who are instrumental in giving your project an advantage. The consultants we have available to us help with satisfying tenant requirements, lending conditions, and regulatory requirements, amongst others. We work in conjunction with a variety of professionals in the industry. From architects to title companies to lenders, PGD’s reputation and relationships in the industry give your project a distinct advantage.

Desirable zip codes in the leading market at the ideal cost

Solid relationships with numerous consultants and industry professionals

PGD works with you until you are 100% satisfied. We assist in locating the sites for the proposed development and perform extensive research to ensure the viability of the proposed site. Our team takes pride in our work and the relationships built with our customers, both professionally and personally.

PGD is quickly growing to become the most soughtafter developer in NY and CT.

Neil Formisano, Chief Solutions Provider

As the CSP at PGD, Neil’s dynamic leadership brings a wealth of experience and expertise to the table. With a proven track record in the industry, he has successfully led numerous projects across various sectors, including residential, commercial, and industrial developments. His extensive knowledge of the local market and regulations, coupled with his strategic vision, have allowed him to drive the company’s growth and establish PGD as a trusted partner in the region. He firmly believes in the power of teamwork, treating his clients as partners in every project and delivering outstanding results.

Beyond his professional success, Neil holds a deep passion for family and community. He understands the importance of fostering a positive work environment where everyone feels valued and motivated. Neil’s dedication extends to his community, as he actively engages in various initiatives to give back and make a positive impact on society. With his unwavering commitment to excellence and his values of teamwork and community, Neil continues to be an influential leader in the design build construction industry.

Brian

D. Horton, Executive Vice President

Brian, in his role as the EVP at PGD, brings to the table an extensive and distinguished track record spanning more than 45 years of experience within the Design and Construction industries, with a reach extending both nationally and internationally. Operating at the forefront of his domain, his core mission revolves around establishing a robust and enduring client base in the spheres of Senior/Assisted Living, Multi-Family Residential, and Healthcare/Life Sciences, strategically across the regions of Connecticut and New York.

Brian’s contributions are underscored by his pivotal role in orchestrating the creation of over 4,000 units across a spectrum of Multi-Family projects spanning the Northeast. His journey, which embarked as a master carpenter, has seen remarkable advancement to his current stature as Executive Vice President at PGD. His ascendancy through the ranks, encompassing roles such as Superintendent and Project Management, culminates in his present position, leveraging a profound understanding of project dynamics to foresee and deftly navigate potential obstacles. Beyond his integral role at PGD, Brian’s multifaceted pursuits span his recording studio, where he crafts emotive acoustic compositions, his woodshop, which births one-of-a-kind artistic expressions, and his ventures into the wild, capturing the essence of nature through the lens of his camera.

Supporting Our Community

PGD is committed to assisting teams in their development needs and the community they are developing in. Utilizing sustainable practices ensures that every community PGD creates has access to the most lucrative projects without sacrificing the aesthetic makeup of the surrounding community.

PROJECTS

ASSISTED LIVING FACILITY LUXURY UNITS

LOCATION: East Haven, Connecticut

SIZE: 36 Luxury Units

COST: $11,400,000

CLIENT: Whispering Pines Rehabilitation Community

PGD is in the pre-construction stages of this project, with a groundbreaking ceremony set for early fall 2023. This project will be a 3 story, stick built, ground-up development on a site adjacent to their existing facility located in East Haven, CT. The project will include amenities such as a cafe, rehab, laundry rooms, storage and fitness centers.

URBAN RENEWAL RENTAL UNITS

LOCATION: New Britain, Connecticut

SIZE: 65 Luxury Units

COST: $18M

CLIENT: The Lofts at Superior Ball

This project is in the final design stages and slated to begin construction in late fall of 2023. It involves the conversion of a 100-year-old post & beam warehouse into multi-family residential apartments in the heart of New Britain, CT. This will be a complete removal of all mechanicals, roof, windows, and interior partitions ‒ to be converted into affordable housing.

MULTI-FAMILY RESIDENTIAL LUXURY RENTAL UNITS

LOCATION: Cromwell, Connecticut

SIZE: 160 Luxury Units

COST: $50M

CLIENT: Belfonti Group

This project was a ground-up development on an old Nike site located in Cromwell, CT. Brian Horton was involved in the 160 walk-up units from conception to ribbon cutting. The duration of construction was 20 months and included amenities such as a pool, clubhouse, and electric car charging stations. The buildings were stabilized in short order.

MULTI-FAMILY RESIDENTIAL LUXURY RENTAL UNITS

LOCATION: Glastonbury, Connecticut

SIZE: 31 Luxury Units

COST: $7M

This project is in final design stages and slated to begin construction late fall of 2023. Brian Horton was instrumental in this project from the selection of the design team through approvals and construction budgeting. It involves the conversion of a 100-year-old post & beam Cigar factory warehouse into multi-family residential apartments in an historic, affluent area, of Glastonbury, CT.