|
|
As the owner and CEO of Foremost Real Estate, LLC, a tremendously successful New York-based real estate investment and development firm, Dan Shavolian oversees numerous projects in the New York Tri-State Area.
Dan Shavolian, the owner and CEO of Foremost Real Estate, LLC, initiated his first profitable business venture as a third-year student at CUNY Queens College in Flushing, New York. With $10,000 of seed capital, Dan Shavolian founded Glory Enterprises, a ladies’ apparel manufacturing company. Dan Shavolian worked diligently and built his business into a company capable of generating annual revenues exceeding $4 million. After 12 years, Dan Shavolian merged the flourishing Glory Enterprises with apparel company View Collections, forming a new entity that grew into a corporation worth $25 million. Possessing a keen eye for identifying business opportunities likely to deliver a large return on investment, Dan Shavolian began investing in undervalued office buildings. Dan Shavolian renovated his properties and sold them for immediate profit or leased the space, allowing the properties to appreciate in value over time. With more than 22 years of experience and the useful ability to think creatively, Dan Shavolian heads Foremost Real Estate, LLC, often uniting other developers and financial partners to complete highly profitable development projects. Dan Shavolian boasts a massive real estate portfolio comprising prime properties totaling 1,000,000 square feet and oversees major conversion and ground development projects in the Tri-State Area, focusing on hotel, medical, retail, and office properties with an emphasis on non-profits. One of Dan Shavolian’s current properties, an office building at 127 West 25th Street in New York City, will serve as the new Bowery Residents’ Committee administrative headquarters and vertical campus. Once the renovations are completed, the 12-story building will house a homeless shelter with facilities equipped to treat residents struggling with substance abuse and provide care for patients with mental illnesses. It will cost the Bowery Residents’ Committee, a non-profit organization founded to aid New York City’s neediest citizens, an estimated $16 million to move into the new building. Dan Shavolian will contribute $4 million to that effort and loan the humanitarian organization an additional $8.5 million to complete the move.
Dan Shavolian's Companies
|