The former Simon Development, a Park Avenue-based developer of residential high-rises and boutique hotels, has promoted Matthew Baron from principal to president of the firm. The company now bears his name, and will be known as Simon Baron Development.
Baron joined the firm in 2006, and has grown the company along with Jonathan Simon, the company's founder. Simon will remain CEO, sharing responsibilities of running SBD with Baron.
The firm currently controls more than $1 billion in real estate comprised of 13 buildings totaling over 1,000 units. Specializing in redevelopment and new development of residential, hospitality, retail and industrial space
, the group has Towers 31 at 9 W. 31st St., 393 West End Ave. at 79th St., 166 W. 75th St., two residential sites in Long Island City, and a 250-room hotel in midtown, as well as a 13-story prewar building off 5th Ave. that the company is acquiring this month.
Baron previously served as vice president at Pergolis Swartz Associates, where he sourced and structured debt and equity for real estate transactions. He also worked with Bill Clinton on the consulting team of the Harlem Small Business Initiative as well as helping editing the former president's autobiography, "My Life."
Barn earned his MBA from Columbia University's School of Business, and his bachelor's degree from New York University's Stern School of Business. He is an adjunct professor of real estate development at NYU's Schack Institute of Real Estate.