AVR has been a pioneer in the retail industry since the 1950’s when shopping centers were a novelty on Long Island, NY. AVR built some of the first chain stores on Long Island and developed many Walbaum’s shopping centers throughout the north-east. AVR has owned and operated over 75 retail properties over the firm’s history. Our current retail portfolio includes over three million square feet of space, including the Forum in San Antonio, Texas, one of the largest open air retail properties in America. AVR manages all aspects of its retail portfolio including, property management, leasing, and development. Our latest retail development is the Shoppes at the Boulevard in Yaphank, NY, a Walmart anchored shopping center.
AVR has been active in both for-sale housing and multifamily rental housing since the very beginnings of the company. AVR has built dozens of residential communities across the New York metro region including many award-winning communities on Long Island. Our current residential portfolio includes over 2,000 multifamily housing units across the eastern seaboard, including our latest development the Brio in Yaphank, NY, an elevator-serviced property with mid-rise units in addition to carriage homes and townhomes.
AVR entered the Hotel business in the 1960’s with the development of a franchised Howard Johnson’s. AVR went on to build over 30 HoJo’s as they were referred to at the time. Over the decades, AVR has built, owned, and operated dozens of hotels across America. Our current hotel portfolio includes 40 hotels nationwide, including Hilton, Marriott, and Hyatt brands. We are active in both the select service and full-service spaces. AVR owns of the historic Roosevelt Hotel in New Orleans, LA, which we completely restored to its grandeur after Hurricane Katrina, branding it a Waldorf Astoria.
AVR’s capability to own and operate all aspects of large-scale, mixed-use developments is unique and comes from a 70-year development history with over 100 projects built nationwide. AVR has successfully developed projects through vision, insight, and perseverance and creativity. Throughout the firm’s history, AVR has acquired raw land with a vision for the future. AVR has taken thousands of acres of land through the entitlement process to enhance properties for the community and all stakeholders. AVR’s developments focus on a range of housing and transportation options, walkability, and the preservation of open space. We pride ourselves on creating something special.
Our current marquee project is a two million square-foot, mixed-use development located at the intersection of the Long Island Expressway and William Floyd Parkway in the town of Brookhaven. When complete, this project will have over 300,000 square-feet of retail and restaurant uses, a 150-key hotel, 935 for-rent and for-sale residential units, assisted- and independent-living residences and recreation facilities.
After graduating from Lafayette High School, Allan V. Rose began his real estate career as a laborer on Long Island digging holes and schlepping construction materials for a local general contractor.
While taking classes in Brooklyn, Allan V. Rose builds and sells his first single family home for the sizable sum of $18,990.
Allan V. Rose, now a full-fledged builder was awarded the contract to build the Bulova Watch factory in Valley Stream NY, which he did ahead of schedule and under budget.
Moving East as the Long Island Expressway was constructed. Allan V. Rose built Harbor Green a 133-acre, waterfront tract of land 12 ft below grade on the Great South Bay in Massapequa. This housing development was unique as it was one of the first developments built on marshland on Long Island.
Making better use of land on the highways, Allan V. Rose began developing shopping centers with anchors like Unishops, Woolworths, Food Fair and Town and Country Stores.
Allan V. Rose met Howard D. Johnson and opened his first franchised hotel, a “Hojo” in Elmsford, NY, which he successfully operated. He went on to build some 30 Howard Johnson’s in New York, New Jersey, Virginia, Florida and Maryland and became the favored developer on the East Coast. By 1990, he would own 50 “Hojos.”
Allan V. Rose met Ira Waldbaum and began building Waldbaum’s grocery stores, a chain catering especially to the Jewish communities in his centers. Over the years they built over 30 stores in Long Island and Westchester.
Allan V. Rose purchased the Coachman Inn in Cranford, NJ and made his dream of opening a nightclub at the hotel a reality. Allan V. Rose would often sing alongside the likes of Frankie Valli and the Four Seasons, The Spinners, The Coasters, The Platters and Lloyd Price. Allan V. Rose owned this successful hotel for 25 years.
AVR obtained five franchises to build the first Homewood Suites hotels by Hilton in Florida, Georgia and Washington. These innovative hotels had apartment-style suites with kitchens, designed for extended-stays.
AVR purchased 2,100 acres in the town of Brookhaven, NY on Long Island near Brookhaven National Labs and began plans for what would become a major, 322-acre mixed-use community: The Boulevard. Entitlements took 25 years and now the project is near completion.
Around this time, AVR purchased the iconic Brill Building on Broadway and West 49th Street, a building synonymous with American music. AVR would sell the building in 2006.
Shortly after Hurricane Katrina ravaged New Orleans, AVR toured a historic hotel destroyed by the hurricane called The Roosevelt. The hotel was the social center of the South with its own radio station out of The Blue Room where stars such as Bob Hope, Bing Crosby, Jimmy Duranti and Frank Sinatra performed. AVR purchased the hotel and began work gutting and completely restoring it.
AVR purchased 5 Times Square, a 1.1 million SF office building leased to Ernst & Young on 7th Avenue and 42nd Street in New York City, breaking records on both the acquisition and disposition sides.
AVR completed the $150 million restoration and opened the 504-key hotel, branding it The Roosevelt, a Waldorf Astoria Hotel. The 125-year-old hotel was reborn with all the grandeur of old New Orleans and became world-renowned, winning numerous accolades and awards and known for their holiday décor and Sazerac Bar.
AVR and Grove Street Partners completed development of the best-in-class, 204-key Renaissance Atlanta Airport Gateway Hotel, part of AVR’s tri-hotel, 750-key complex of Marriott hotels.
AVR purchased the new 476,000 SF Telemundo headquarters in Miami, Fl.
Today AVR is a vertically integrated real estate development and investment firm with over 40 team members tackling projects nationwide in every major property type.