Crain's New York Business , November 22, 2015 | Category: Press
At least one major sale appears to have gone smoothly. This past May, Abyssinian sold 28 brownstones and low-rise apartment buildings for $26 million to a lower Manhattan-based group called Genesis Cos. The firm is run by Karim Hutson and Brian Benjamin, native New Yorkers who met at Harvard, where the Pathmark development was a case study in their business-school class. To Butts, these young developers personify everything he's tried to achieve.
“These are minority developers, young black men, and would they get an opportunity if not for me making sure they got it?” he said. “Back in the '80s when this land was available, no black developer had a chance at it.” Read More