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Rick Gropper of Camber Property Group: 5 Questions

News

Rick Gropper of Camber Property Group: 5 Questions

New York-based Camber Property Group is celebrating a decade in business this year, and Rick Gropper, principal and co-founder of the firm, said it’s the company’s busiest year yet.

Founded in 2016 by Gropper and Andrew Moelis, the real estate development and management firm specializes in building and preserving affordable, mixed-use and transitional multifamily housing.

Camber’s name was at the forefront of two major housing announcements this summer. One of them was the start of construction for the $167 million redevelopment of Chelsea Beacon, where 131 affordable units, supportive housing, and community spaces will replace the former Bayview Correctional Facility at 550 West 20th Street. Plus, Camber was one of the developers selected for the $62 million modernization of NYCHA’s Unity Towers in Coney Island.

The firm is also growing its national portfolio, bringing its experience in turning around distressed assets and building new housing to Pennsylvania, Connecticut, New Jersey and Ohio.

Commercial Observer sat down with Gropper in July to discuss the two headline-making projects, what it took for Camber to get there, and the challenges ahead.

News

New Affordable Housing in Bushwick Provides Free Social Services to Tenants

News

New Affordable Housing in Bushwick Provides Free Social Services to Tenants

Residents of 1601 Dekalb – new affordable housing in Bushwick built as a collaboration between Camber Property Group and RiseBoro Community Partnership – have in-house access to free services like counseling, career counseling, school placement help and more, reports News 12 Brooklyn. 

“I tell them all the time to take the opportunity. Take all the opportunity you need, all the resources you require. Utilize it here. The goal is to support you, but to help you to grow and to become independent,” said RiseBoro early childhood clinician Angelika Heard.

Community

A Farewell to Summer at Bronx River Addition

Community

A Farewell to Summer at Bronx River Addition

On Friday, September 4, the Bronx River Addition community attended a Farewell to Summer Sundae Social, planned in collaboration with Housing Opportunities Unlimited.

Community

“Scoop into the Zoo” at Stevenson Commons

Community

“Scoop into the Zoo” at Stevenson Commons

Stevenson Commons residents stopped by “Scoop into the Zoo” for a cool treat on Thursday, September 3, planned in collaboration with The Wildlife Conservation Society.

Community

A Meeting and a Meal at Bronx River Addition

Community

A Meeting and a Meal at Bronx River Addition

On Thursday, August 27, Bronx River Addition residents attended a community meeting — and gathered for a meal together afterwards. Meeting speakers and other attendees included New York State Senator Nathalia Fernandez, New York State Assemblymember Emérita Torres, Bronx River Tenant Association President Norma Saunders, the New York City Public Housing Preservation Trust, Housing Opportunities Unlimited, and Toro Construction Services LLC.

Community

A Back to School Celebration at Linden Plaza

Community

A Back to School Celebration at Linden Plaza

The children and families of Linden Plaza celebrated Back to School on Saturday, August 22, with an afternoon of festivities planned in collaboration with Congressman Hakeem Jeffries, New York State Senator Roxanne J. Persuad, New York State Assemblymember Nikki Lucas, New York City Council Member Chris Banks, Mylah’s Organization and the Linden Plaza Tenants Association.

Community

New York Botanical Garden Hosts a Tour at The Beatrice

Community

New York Botanical Garden Hosts a Tour at The Beatrice

The New York Botanical Garden held a “From Farm to Garden” tour for residents of The Beatrice on Friday, August 21, planned in collaboration with New York City Council Member Amanda Farias and R.A.I.N.

Community

Highbridge House Celebrates Back to School

Community

Highbridge House Celebrates Back to School

Kids and families from the Highbridge House community attended a back-to-school event on Thursday, August 20, organized in collaboration with New York State Assemblymember Landon Dais and New York City Council Member Althea Stevens.

Community

Kicking Off Back to School at Stevenson Commons

Community

Kicking Off Back to School at Stevenson Commons

The Back to School season kicked off early this year at Stevenson Commons, with a special event for kids and families organized in collaboration with New York State Senator Nathalia Fernandez, New York State Assemblymember Karines Reyes, RN, New York City Council Member Amanda Farias and the Stevenson Commons Tenants Association on Saturday, August 15.

Community

Coffee & Conversation at The Beatrice

Community

Coffee & Conversation at The Beatrice

On Thursday, August 13, Bronx Borough President Vanessa Gibson and New York State Assemblymember Karines Reyes, RN returned to Stevenson Square to join a Coffee & Conversation event at The Beatrice.

News

Onelis Ramirez Named to the Schneps Media 2026 Bronx Power List

News

Onelis Ramirez Named to the Schneps Media 2026 Bronx Power List

The Schneps Media 2026 Bronx Power List recognizes the business leaders, civic champions, and elected officials who move the region forward and embody influence, innovation, and inspiration — including Camber’s own Onelis Ramirez, who leads community engagement initiatives across affordable housing communities in the Bronx and throughout New York City.

Community

Edenwald Houses Celebrate Annual Family Day

Community

Edenwald Houses Celebrate Annual Family Day

Edenwald Houses’ Family Day was on Saturday, August 8th – a beloved annual tradition organized this year in collaboration with Speaker of the New York State Assembly Carl Heastie, New York State Senator Jamaal T. Bailey, Bronx Borough President Vanessa Gibson, New York City Council Member Kevin C. Riley, the Edenwald Houses Tenants Association, L&M Development Partners and C+C Apartment Management.

Community

A Farewell to Summer at Bronx River Addition

Community

A Farewell to Summer at Bronx River Addition

On Friday, September 4, the Bronx River Addition community attended a Farewell to Summer Sundae Social, planned in collaboration with Housing Opportunities Unlimited.

Community

“Scoop into the Zoo” at Stevenson Commons

Community

“Scoop into the Zoo” at Stevenson Commons

Stevenson Commons residents stopped by “Scoop into the Zoo” for a cool treat on Thursday, September 3, planned in collaboration with The Wildlife Conservation Society.

Community

A Meeting and a Meal at Bronx River Addition

Community

A Meeting and a Meal at Bronx River Addition

On Thursday, August 27, Bronx River Addition residents attended a community meeting — and gathered for a meal together afterwards. Meeting speakers and other attendees included New York State Senator Nathalia Fernandez, New York State Assemblymember Emérita Torres, Bronx River Tenant Association President Norma Saunders, the New York City Public Housing Preservation Trust, Housing Opportunities Unlimited, and Toro Construction Services LLC.

Community

A Back to School Celebration at Linden Plaza

Community

A Back to School Celebration at Linden Plaza

The children and families of Linden Plaza celebrated Back to School on Saturday, August 22, with an afternoon of festivities planned in collaboration with Congressman Hakeem Jeffries, New York State Senator Roxanne J. Persuad, New York State Assemblymember Nikki Lucas, New York City Council Member Chris Banks, Mylah’s Organization and the Linden Plaza Tenants Association.

Community

New York Botanical Garden Hosts a Tour at The Beatrice

Community

New York Botanical Garden Hosts a Tour at The Beatrice

The New York Botanical Garden held a “From Farm to Garden” tour for residents of The Beatrice on Friday, August 21, planned in collaboration with New York City Council Member Amanda Farias and R.A.I.N.

Community

Highbridge House Celebrates Back to School

Community

Highbridge House Celebrates Back to School

Kids and families from the Highbridge House community attended a back-to-school event on Thursday, August 20, organized in collaboration with New York State Assemblymember Landon Dais and New York City Council Member Althea Stevens.

Community

Kicking Off Back to School at Stevenson Commons

Community

Kicking Off Back to School at Stevenson Commons

The Back to School season kicked off early this year at Stevenson Commons, with a special event for kids and families organized in collaboration with New York State Senator Nathalia Fernandez, New York State Assemblymember Karines Reyes, RN, New York City Council Member Amanda Farias and the Stevenson Commons Tenants Association on Saturday, August 15.

Community

Coffee & Conversation at The Beatrice

Community

Coffee & Conversation at The Beatrice

On Thursday, August 13, Bronx Borough President Vanessa Gibson and New York State Assemblymember Karines Reyes, RN returned to Stevenson Square to join a Coffee & Conversation event at The Beatrice.

Community

Edenwald Houses Celebrate Annual Family Day

Community

Edenwald Houses Celebrate Annual Family Day

Edenwald Houses’ Family Day was on Saturday, August 8th – a beloved annual tradition organized this year in collaboration with Speaker of the New York State Assembly Carl Heastie, New York State Senator Jamaal T. Bailey, Bronx Borough President Vanessa Gibson, New York City Council Member Kevin C. Riley, the Edenwald Houses Tenants Association, L&M Development Partners and C+C Apartment Management.

Community

A Special Guest at Grace Towers’ Family Day

Community

A Special Guest at Grace Towers’ Family Day

On Saturday, August 1, New York City Council Member Sandy Nurse joined families and neighbors to celebrate Family Day at Grace Towers.

Community

Annual Family Day at Bronx River

Community

Annual Family Day at Bronx River

On a recent sunny afternoon, Bronx River residents came together for a Family Day filled with food, music, entertainment, games and fun for all ages.

Community

Local Officials Tour Stevenson Square

Community

Local Officials Tour Stevenson Square

On Monday, July 20, Bronx Borough President Vanessa Gibson and New York State Assemblymember Karines Reyes, RN visited Soundview for a tour of Stevenson Square.

News

Rick Gropper of Camber Property Group: 5 Questions

News

Rick Gropper of Camber Property Group: 5 Questions

New York-based Camber Property Group is celebrating a decade in business this year, and Rick Gropper, principal and co-founder of the firm, said it’s the company’s busiest year yet.

Founded in 2016 by Gropper and Andrew Moelis, the real estate development and management firm specializes in building and preserving affordable, mixed-use and transitional multifamily housing.

Camber’s name was at the forefront of two major housing announcements this summer. One of them was the start of construction for the $167 million redevelopment of Chelsea Beacon, where 131 affordable units, supportive housing, and community spaces will replace the former Bayview Correctional Facility at 550 West 20th Street. Plus, Camber was one of the developers selected for the $62 million modernization of NYCHA’s Unity Towers in Coney Island.

The firm is also growing its national portfolio, bringing its experience in turning around distressed assets and building new housing to Pennsylvania, Connecticut, New Jersey and Ohio.

Commercial Observer sat down with Gropper in July to discuss the two headline-making projects, what it took for Camber to get there, and the challenges ahead.

News

New Affordable Housing in Bushwick Provides Free Social Services to Tenants

News

New Affordable Housing in Bushwick Provides Free Social Services to Tenants

Residents of 1601 Dekalb – new affordable housing in Bushwick built as a collaboration between Camber Property Group and RiseBoro Community Partnership – have in-house access to free services like counseling, career counseling, school placement help and more, reports News 12 Brooklyn. 

“I tell them all the time to take the opportunity. Take all the opportunity you need, all the resources you require. Utilize it here. The goal is to support you, but to help you to grow and to become independent,” said RiseBoro early childhood clinician Angelika Heard.

Featured News

It Went From Sailors’ Quarters to Notoriety. They Aim to Make It a ‘Refuge.’

News

Onelis Ramirez Named to the Schneps Media 2026 Bronx Power List

News

Onelis Ramirez Named to the Schneps Media 2026 Bronx Power List

The Schneps Media 2026 Bronx Power List recognizes the business leaders, civic champions, and elected officials who move the region forward and embody influence, innovation, and inspiration — including Camber’s own Onelis Ramirez, who leads community engagement initiatives across affordable housing communities in the Bronx and throughout New York City.

News

NYCHA Rethinks, Rebuilds, and Aims for Resilience

News

NYCHA Rethinks, Rebuilds, and Aims for Resilience

At the nation’s largest public housing authority, deferred maintenance and residents’ distrust are old news. What are less well known are the successes, including renovations inspired by overseas models and enabled by controversial policy changes. The city cannot function without NYCHA; the architects working with it are building not only model residences but also the keystone of a revived social compact, recognizing the residents as the client.
News

From Blueprint to Breakthrough: Tackling Affordable Housing in New York City

News

From Blueprint to Breakthrough: Tackling Affordable Housing in New York City

Finding an affordable place to live continues to be a challenge for many as widespread housing shortages persist across the U.S. Rising home prices and high interest rates have made homeownership inaccessible for a large portion of the population. Meanwhile, as rental demand increases, the number of renters facing affordability challenges is also growing.

The State of the Nation’s Housing 2025 report by Harvard University’s Joint Center for Housing Studies reveals that cost burdens for renters reached another record high in 2023. Similarly, the JPMorganChase Institute reports that renter affordability is declining, forcing people to devote more of their take-home pay to housing costs. There is a growing need for affordable housing across the U.S. and that rings true here in New York City.

Strengthening the Bronx’s Public Housing Stock

Edenwald Houses, in the Baychester neighborhood of the Bronx and listed on the National Register of Historic Places, is the largest public housing community in the Bronx and functions like a small town—dozens of buildings, thousands of residents and a daily rhythm that depends on functioning shared infrastructure and services. JPMorganChase provided support to help rehabilitate 2,030-units across 42 buildings, in addition to utility, common area and community facility upgrades. For residents, this kind of work is about more than construction, it’s about restoring reliability while respecting this community and history of the development: homes that are safer, better maintained and built to serve families for years to come. The project is part of the NYCHA PACT program, reflecting a sustained effort to keep a major piece of the Bronx’s affordable housing supply strong and stable.

“Our firm’s deep commitment to building and preserving affordable housing is made even stronger with steadfast partnerships at all levels, including financiers like JPMorganChase,” said Rick Gropper, Principal at Camber Property Group. “At Edenwald Houses, we were able to completely rehabilitate and revitalize over 2,000 homes with the support of the great team at JPMorganChase. We are grateful for this partnership, and encourage developers looking for a bank that truly believes in the power of community impact to join us.

News

Hochul awards $1B in bonds, subsidies to affordable projects

News

Hochul awards $1B in bonds, subsidies to affordable projects

New York State awarded $1 billion in housing bonds and subsidies in the latest push from Gov. Kathy Hochul as part of her broader $25 billion five-year housing plan.

The funds were awarded by New York State Homes and Community Renewal to 12 housing development projects that aim to create or preserve 2,754 apartments across the state.

Seven of those projects are in New York City, including the preservation and rehabilitation of two existing structures in Harlem and on the Upper West Side, the adaptive reuse of a former correctional facility in Chelsea and new construction across four different sites in the Bronx, Queens and Brooklyn.

News

Chelsea Beacon Begins Construction at 550 West 20th Street In Chelsea, Manhattan

News

Chelsea Beacon Begins Construction at 550 West 20th Street In Chelsea, Manhattan

Construction is underway on Chelsea Beacon, a residential conversion and expansion of the former Bayview Correctional Facility at 550 West 20th Street in Chelsea, Manhattan. Designed by COOKFOX and developed by Camber Property Group and the Osborne Association, the project will involve the construction of an addition within the existing structure’s inner courtyard that will extend seven stories above the current roofline. The $167 million development will yield 131 permanently affordable apartments, including at least 79 supportive housing units, as well as a 15-bed short-term transitional residence program and community facility space.

News

New York City Hasn’t Built This Many Apartments Since 1965

News

New York City Hasn’t Built This Many Apartments Since 1965

Apartment construction in the U.S. has been declining sharply for years and fell to a 15-year low earlier this year. But in New York City, it is booming.

The city added 38,682 units to its housing stock last year—the most new apartments completed in a single year for the city since 1965, according to the Department of City Planning, when developers rushed to complete buildings before a new zoning resolution.

The city’s residential push shows no sign of slowing down. New application filings indicate a robust pipeline, with 16,815 new units across 281 buildings proposed in this year’s first quarter, a recent Real Estate Board of New York report shows. That’s a glimmer of good news for a city in the midst of an acute housing shortage, and where a rent freeze on nearly half the rental apartment stock came after rents hit record highs. In both recent completions and proposals for new apartments, New York is ahead of every other big city in the country.

A combination of steady job growth, in sectors such as tech and finance, and the highest rents in the country are encouraging developers to break ground on new projects. New zoning and tax incentives in the city are also playing a role.

“People want to be here and they want to work here and therefore there will continue to be a very significant demand for housing,” said Rick Gropper, principal at Camber Property Group, an affordable and mixed-use housing developer.

These forces help explain why many New York developers are undeterred by the soaring construction costs and high mortgage rates that have squashed construction activity in other parts of the country. Last week, the city’s Rent Guidelines Board voted to approve a rent freeze for the roughly one million apartments in New York City’s rent-regulated stock. The freeze was one of Mayor Zohran Mamdani’s key campaign promises, despite pushback from landlords who argued that they would struggle to keep their properties afloat without rent increases. But, outside of the rent-regulated market, developers say it is still an encouraging time to build in New York City.

“Despite the threat of a rent freeze in the rent-stabilized space, you still have a very significant sector of the market that is not rent-stabilized,” Gropper said, and with sustained rent growth, that area of the market remains a strategic investment.

News

Prospective Mon View Heights buyer meets complex residents

News

Prospective Mon View Heights buyer meets complex residents

A representative of Camber Property Group discussed changes that could take place if the company is able to buy the housing development.

New York City-based Camber Property Group hosted a “resident listening session” Wednesday for residents of Mon View Heights housing development in West Mifflin.

The gathering, which fueled about 30 residents with pizza and refreshments, was held at Morningstar Baptist Church, in the shadows of the controversial complex.

According to its website, Camber Property Group is “a developer and owner of affordable housing in NYC and beyond. In just a few years, our team has made a far-reaching impact by building and preserving over 12,000 residential units, totaling $3.4 billion of market value. Whether constructing a new property or preserving an existing one, our goals are the same: To strengthen the local community by doing what’s right.”

Sponsored by Camber, the meet and greet was moderated by Pittsburgh-based advocacy group Neighborhood Allies. West Mifflin Councilwoman Carla Payne-Harrison, who made advocating for residents of Mon View Heights a key issue of her campaign last year and continues to speak on their behalf, was on hand to facilitate discussion between possible landlords and more than 300 residents.

Karen Hu, head of development of the Camber Property Group, previewed the meeting by saying they wanted to meet with residents. However, the New York landowner has not yet obtained the property, and it’s not a guaranteed Camber will be able to buy Mon View Heights.

“That’s why we are not introducing ourselves as the new owners,” Hu said. “We don’t own the property.”

News

Design-Build Team Selected For Modernization Of Unity Towers

News

Design-Build Team Selected For Modernization Of Unity Towers

The New York City Public Housing Preservation Trust has selected Fifth Avenue Builders, LLC, as the design-build team for the modernization of Unity Towers, a 193-unit NYCHA development located at 2007 Surf Avenue in Coney Island, Brooklyn. The selection, approved by the Trust Board on June 10, marks a significant milestone in the renovation effort following residents’ August 2024 vote to join the Trust program. Fifth Avenue Builders is a joint venture between Urban Atelier Group and Camber Property Group.

News

HELP Women’s Center receives 2026 Big Apple Brownfield Award

News

HELP Women’s Center receives 2026 Big Apple Brownfield Award

HELP Women’s Center received a 2026 Big Apple Brownfield Award for Community Space and Support Services, a recognition of transforming the original East New York site — contaminated and underutilized, formerly occupied by a lighting manufacturer, and requiring over a year of extensive remediation — into a state-of-the art, sustainable 200-bed facility for women entering the homeless shelter system.