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MaryAnne Gilmartin
Born1964 (age 59–60)
New York
EducationB.A., M.A., Fordham University
Occupation(s)Real estate developer, founder and CEO, MAG Partners

MaryAnne Gilmartin is a real estate developer and founder and CEO of MAG Partners, a New York-based, women-owned real estate firm. She was formerly President and CEO of Forest City Ratner.

Early life and education

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Gilmartin was born in Rockaway Beach in Queens.[1] Her biological father left the family when she was two. The family struggled financially, with her mother working several jobs. Her mother remarried and the family relocated to Woodstock, NY.[2]

Gilmartin attended Catholic high school, graduated near the top of her class, and received a large aid package to Fordham University, where she completed her BA and MA.[2] Gilmartin put herself through college through a work-study program and waiting tables at night.[2][3] Elected to Phi Beta Kappa, she graduated summa cum laude in 1986.[2]

Career

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Gilmartin won a New York City Urban Fellowship after graduating from Fordham, and she worked for the Economic Development Corporation (previously New York City’s Public Development Corp.) as part of Ed Koch’s administration.[3] The role exposed her to the concept of large-scale urban development for the benefit of both the economy and the general public.[3]

Gilmartin began working at Forest City Ratner in 1994,[4] serving as president[5] and then as CEO for Bruce Ratner in 2013.[6] There she developed Barclays Center,[7] Pacific Park, Brooklyn,[1] The New York Times Building,[7] 8 Spruce Street (formerly "New York by Gehry"),[8] the Tata Innovation Center at Cornell Tech, and the 42nd Street retail complex (including Madame Tussauds New York).[9][10]

In 2014, Gilmartin and Ratner were awarded the Municipal Art Society (MAS) Jacqueline Kennedy Onassis Medal. While the Historic Districts Council and other preservationists marked this as controversial, the MAS defended their choice based on Ratner and Gilmartin's focus on creating affordable housing, innovative modular building techniques, and commitment to New York's future.[11]

In 2018, Gilmartin left Forest City Ratner to create L&L MAG.[12] In July 2020, she split with L&L to form the New York-based, women-owned urban real estate company MAG Partners,[7][13][14] where she serves as founder and CEO.[6] The firm’s first project in NYC was co-developing Ruby in Chelsea, Manhattan.[15] MAG Partners also began developing Baltimore Peninsula (formerly Port Covington)[16] in May 2022.[17][18]

Gilmartin is a board member of Jefferies Group and served as chair of the board of directors and interim CEO of Mack-Cali Realty Corporation from 2020-2021.[19]

Personal life

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Gilmartin married James Gilmartin, a retired detective and attorney. They have three children.[1] They divorced in 2017.[20]

Awards, honors

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  • 2007 – One of Crain's "100 Most Powerful Women in New York"[2][22]

References

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  1. ^ a b c Morris, Keiko (January 15, 2016). "If a Project Is Easy, This Real Estate CEO Isn't Interested". wsj.com. ProQuest 1757195855. Archived from the original on May 1, 2024. Retrieved May 1, 2024 – via ProQuest.
  2. ^ a b c d e f Skolnik, Deborah (October 19, 2011). "Neighbor: Edgemont Resident MaryAnne Gilmartin, Executive Vice President of Commercial and Residential Development at Forest City Ratner Companies". westchestermagazine.com. Archived from the original on November 14, 2023. Retrieved May 1, 2024.
  3. ^ a b c Hamill, Denis (December 13, 2014). "Woman behind Brooklyn's Pacific Park development is a success from the ground up". nydailynews.com. Archived from the original on May 1, 2024.
  4. ^ Piore, Adam (March 1, 2013). "MaryAnne's moment". therealdeal.com. Archived from the original on March 31, 2023. Retrieved May 1, 2024.
  5. ^ Kim, Betsy (January 16, 2018). "MaryAnne Gilmartin Leaves Forest City to Launch Firm with L&L Founders". globest.com. Archived from the original on May 1, 2024. Retrieved May 1, 2024.
  6. ^ a b Cheng, Andria (March 7, 2023). "How New York Developer MaryAnne Gilmartin Built a Career on Embracing the Complicated". costar.com. Archived from the original on March 29, 2023. Retrieved May 1, 2024.
  7. ^ a b c Goudreau, Jenna (November 29, 2011). "Meet The Women Behind The Brooklyn Nets". forbes.com. Archived from the original on May 2, 2024. Retrieved May 1, 2024.
  8. ^ Pezzillo, Jacqueline (November 11, 2008). "Gilmartin Soars through Glass Ceilings, Torques Steel Façades". centerforarchitecture.org. Archived from the original on July 12, 2019.
  9. ^ Baird Remba, Rebecca (January 15, 2018). "MaryAnne Gilmartin Leaves Forest City to Start Development Firm With L&L Execs". commercialobserver.com. Archived from the original on February 17, 2024.
  10. ^ Clarke, Katherine (May 31, 2017). "City slaps Forest City with lawsuit over Times Square ground lease". therealdeal.com. Archived from the original on May 1, 2024. Retrieved May 1, 2024.
  11. ^ Rubinstein, Dana (June 3, 2014). "Ratner award sparks intra-preservationist fight". politico.com.
  12. ^ Prevost, Lisa (November 12, 2019). "'She Build': Creating an All-Women Real Estate Development Team". The New York Times. Archived from the original on February 2, 2024. Retrieved May 1, 2024.
  13. ^ Epstein, Jennifer (February 27, 2023). "NYC Developer Opens Chelsea Rentals as Pipeline Gets Tougher". bloomberg.com. Retrieved April 16, 2024.
  14. ^ Pascus, Brian (July 13, 2023). "Elliott Investment Management Provides $196M Refi for Chelsea Multifamily Asset". commercialobserver.com. Archived from the original on July 13, 2023.
  15. ^ Young, Michael; Prucznik, Matt (July 27, 2023). "Ruby Two-Building Development Wraps Up At 243 West 28th Street In Chelsea, Manhattan". newyorkyimby.com. Archived from the original on August 1, 2023.
  16. ^ Rao, Sameer (November 15, 2022). "Port Covington is no more. Meet Baltimore Peninsula". technical.ly. Archived from the original on April 24, 2024.
  17. ^ Simmons, Melody (June 29, 2022). "Real Estate Insider: Port Covington's new leaders are 'in leasing mode'". bizjournals.com. Retrieved April 16, 2024.
  18. ^ Mirabella, Lorraine (April 27, 2023). "Baltimore Peninsula begins transformation from construction site to community". baltimoresun.com. Archived from the original on January 18, 2024. Retrieved May 1, 2024.
  19. ^ "MaryAnne Gilmartin". bloomberg.com. April 12, 2024. Archived from the original on September 28, 2022. Retrieved May 1, 2024.
  20. ^ "You Are What You Build: MaryAnne Gilmartin on Knowing Your Wheelhouse and Seeing What Others Don't". Madame Architect. May 16, 2019. Retrieved May 28, 2024.
  21. ^ "40 Under 40 Class of 2003". Crain's New York Business. Crain Communications. May 20, 2024.
  22. ^ MacBride, Elizabeth (2007). "Crain's New York Business - Most Powerful Women in New York". Archived from the original on August 18, 2022.
  23. ^ "Jacqueline Kennedy Onassis Medal". Municipal Art Society of New York. Archived from the original on September 20, 2023. Retrieved May 1, 2024.
  24. ^ Henderson, Jason (June 1, 2016). "2016 Real Estate Industry Leader Profile: MaryAnne Gilmartin". Cornell Real Estate Review. 14. hdl:1813/70771.
  25. ^ "REBNY's 2017 Honorees". commercialobserver.com. January 17, 2017.
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