Rose Associates, the New York-based multifamily real estate developer and operator, announced today that it has promoted Chris Gibaldi to the position of managing director of development. Gibaldi joined Rose’s development team in 2011, acting most recently as a director. With 15 years of experience in multifamily and mixed-use development, Gibaldi’s recent projects include 70 Pine, the landmarked, 66-story, one million-square-foot tower in Lower Manhattan that Rose successfully converted to residential with a hotel and retail component.

“Chris has led many major projects during his time at Rose. He is a keen problem solver with expertise across all phases of development,” said Marc Ehrlich, chief investment officer at Rose Associates. “I am pleased to see him advance to managing director, where he’ll bring value to our many new and exciting development projects.”

Rose Associates has recently embarked on the development of new multifamily properties in Long Island City, Port Chester, White Plains and Yonkers, N.Y. Combined, these properties represent more than 2,100 units of housing, with certain projects featuring retail, hospitality, and parking facilities. In addition to 70 Pine, Gibaldi led the development of The Larstrand, a 181-unit luxury rental on Manhattan’s Upper West Side, and The Maximilian, a 188-unit luxury rental in Long Island City.

Gibaldi, 38, earned his MBA from Fordham University with a double major in finance and management. He has a master’s of science in real estate development from New York University and a bachelor’s degree from the Wentworth Institute of Technology.

About Rose Associates, Inc.

Rose Associates is a premier real estate firm specializing in luxury multifamily rental properties in New York City and the tri-state area. Focused on the development, acquisition and management of the highest quality assets, the firm has completed over $2 billion of adaptive reuse and ground-up projects over the past six years. Rose’s management platform incorporates state-of-the-art services to maximize revenue and enhance asset value, ensuring that Rose properties consistently outperform the market. Under the leadership of CEO and President Amy Rose, the firm is pursuing a diverse, aggressive growth strategy to expand its 14,000-unit portfolio and raise $1 billion by 2020 to execute new transit-oriented developments in the five boroughs, New Jersey and Westchester.