Genessy Jaramillo of BKREA Speaks on the Future of NYC’s Vertical Development at IE Real Estate Club Panel

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Genessy Jaramillo, Managing Director at BK Real Estate Advisors and Developing Leader Chair at NAIOP NYC Metro Chapter, joined leading industry professionals as a featured panelist at “The Future of NYC’s Skyline: Building, Financing, and Managing the Vertical City.”

Hosted by the IE Real Estate Club in collaboration with IE New York College and REA Network, the February 13 event brought together experts across development, finance, and investment to explore the forces shaping New York City’s next generation of vertical growth.

Key Insights on NYC Development and the Future Skyline

• Land Assemblage and Air Rights Drive Vertical Development
  Jaramillo emphasized that assembling development sites and structuring air rights transactions are foundational steps in enabling large-scale projects across New York City.
• Brokerage Plays a Critical Role in Unlocking Development Potential
  Through her work at BKREA, she facilitates transactions between property owners, developers, and investors, helping move complex projects from concept to execution.
• Collaboration Across the Real Estate Ecosystem Is Essential
  Successful development depends on alignment between owners, developers, lenders, and advisors — each playing a key role in shaping the city’s skyline.
• Capital Markets and Financing Remain Central to Project Viability
  Panelists discussed how evolving capital markets influence which projects move forward, highlighting the importance of strategic financing in today’s environment.
• Navigating Complexity in NYC Development Requires Expertise
  From zoning and air rights to construction strategy, panelists shared how increasing complexity demands creativity, persistence, and deep market knowledge.
• Mentorship and Leadership for the Next Generation
  In her role with NAIOP, Jaramillo highlighted the importance of guiding emerging professionals and preparing them to succeed in a rapidly evolving real estate landscape.

Panel Perspective: Building the Future of NYC

The panel featured a diverse group of industry leaders, including Lawrence Bremer of The Moinian Group, Humberto Lopes of H.L. Dynasty Real Estate Corp., and Cara Riordan of Bank of America.

Together, the panelists provided insights across development, investment, and financing, reinforcing that the future of New York City’s skyline will be shaped by innovation, capital access, and strategic collaboration.

Frequently Asked Questions

Who is Genessy Jaramillo?

Genessy Jaramillo is a Managing Director at BKREA specializing in land and air rights transactions, and serves as Developing Leader Chair for the NAIOP NYC Metro Chapter.

What was the IE Real Estate Club panel about?

The panel focused on the future of New York City’s skyline, covering development strategy, financing, capital markets, and the complexities of vertical urban growth.

Why are air rights important in NYC development?

Air rights allow developers to build beyond base zoning limits, making them essential for maximizing density and enabling large-scale vertical projects.

What role does brokerage play in development projects?

Brokers help structure transactions, connect stakeholders, and unlock opportunities that allow development projects to move forward.

What challenges are facing NYC real estate development today?

Key challenges include financing constraints, zoning complexity, land assemblage difficulties, and shifting market conditions.

How can young professionals enter commercial real estate?

By building strong industry relationships, gaining market knowledge, seeking mentorship, and staying adaptable in a changing real estate environment.