DEVELOPMENT
Vertical Community Development was created in 2018 to leverage Omnibuild’s construction expertise and deep relationships built over 25 years. VCD allows Omnibuild to take greater stakes in the projects it builds and to offer turn-key build/develop services. VCD is led by Peter Serpico, one of the two Omnibuild principals.
What We Do
VCD’s core business is to acquire, entitle, finance, and develop new construction and significant value-add projects. Pre-construction and construction of all projects are managed by Omnibuild. This allows VCD the ability to get estimating services and value-engineering into projects from day one, and ensures seamless integration between development and construction.
In addition, VCD has experience with NYC affordable housing programs through the VP of Acquisition & Development, Leon Hovsepian III. Prior to joining VCD, Leon spent 7 years at NYC’s Department of Housing Preservation & Development, heading up Special Underwriting and Credit for the Office of Development.
Construction oversight and management is handled by Tom Eswein, the VP of Construction & Development. Tom has been with Omnibuild and now VCD for 12 years in various roles performing project management and cost analyses. He was directly involved in managing the construction of 10 ground up buildings and handled many special projects for the company.
Built from
the Ground Up
Part of the reason Vertical Community Development was founded off the DNA of Omnibuild was to have a team of people uniquely qualified in construction and development. We understand the complexities and impacts of construction that can greatly impact the success of a project and work to mitigate throughout the development process
VCD is especially mindful of the impact of all decisions and their importance toward the integrity of the projects we are a part of and work hand-in-hand with Omnibuild Construction staff to ensure the success of our developments.
Acquisition & Entitlement
Through Omnibuild’s vast network, VCD is able to find off-market purchase opportunities, as well as JV partners with sites or capital to place. VCD has developed teams of specialized consultants and attorneys to do complex transactions, rezonings requiring ULURP, brownfield clean ups, creative deal structuring, and even taking over distressed projects.
Highlighted Projects
Contact Us
If you would like to explore opportunities to work together, please contact Vertical Community Development by filling out the form below: