Principal
PETER
Papamichael
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Mr. Papamichael established The VOREA Group as a Real Estate Development firm in 2009 and in 2012 expanded the platform to include Owner Representation and Construction Management services and then again in 2017 with the creation of Igloo, a RE Consulting Service.  Under Mr. Papamichael's leadership, VOREA has become one of the fastest-growing real estate development firms in New York City equipped to perform mid to large scale development and construction projects throughout the Tri-state area. A native New Yorker, Mr. Papamichael has shown a keen ability to anticipate market trends, and has established a diverse portfolio indicative of one of New York's most versatile young developers. Since founding VOREA, Mr. Papamichael’s transaction history has included the retail repositioning of an 8,500sf industrial building in the Northside section of Williamsburg, Brooklyn and the acquisition, repositioning and sale of a distressed multifamily building in the Carroll Gardens section of Brooklyn, the acquisition, assemblage and sale of 27-21 44th Drive in Long Island City, and most notably the acquisition and development of a 99 year lease hold on 1133 Manhattan Avenue in the Greenpoint section of Brooklyn. 1133 included the development of a 270,000sf mixed use project, including 210 Class A mixed income residential units, 123 parking spaces and 15,000sf of retail. The project was completed in 2015 and is now fully occupied. 

 

Prior to founding VOREA, Mr. Papamichael was the Vice President of Acquisitions and Development for Essex Capital Partners, Ltd. While at Essex, Mr. Papamichael was involved in spearheading over $80M in development transactions, including four ground-up residential projects. He also created and managed Apogee Management Construction, LLC, an in-house construction management company under Essex Capital, which was responsible for managing over $45M of construction projects. Prior to his tenure at Essex Capital Partners, Mr. Papamichael held an Owners Representative position with Zubatkin Associates, a firm specializing in large scale development projects for nonprofit institutions. His projects included the new construction of the Jewish Community Center on 76th St. and Amsterdam Ave., the conversion of the Barneys Warehouse on 17th St. and 7th Ave., as well as the Rubin Museum of Art, and several expansion projects at the American Museum of Natural History on the Upper West Side. Mr. Papamichael is a graduate of the Cooper Union for the Advancement of Science and Art with a Bachelor’s of Engineering in Civil Engineering.

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