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    Philosophy

    Our goal is to create real estate developments that positively impact their surrounding communities through smart investments, implementing a future-driven vision and applying a socially conscious approach to every project.

    We aim to achieve this by focusing on five core values:

    • Building Sustainable Communities

      Our investments are made in locations that have the potential to become sustainable models of modern, urban, mixed-use developments. We prioritize areas with robust public transportation networks, proximity to higher education institutions, a growing professional talent pool and the necessary infrastructure to support a burgeoning community.

    • Quality Housing for All

      A key component to establishing successful urban communities is developing the appropriate density and housing mix for its residents. We understand the need for every community to benefit from a thoughtful combination of high-quality affordable, workforce and market-rate housing and that each segment is reliant on the other to produce a complete, inclusive community.

    • The Importance of Placemaking

      Compelling office, retail, outdoor and cultural spaces are essential pillars of captivating, 24/7 neighborhoods and we work diligently to identify each community’s needs to inform how we develop retail, public spaces and cultural centers.

    • Local Partnerships

      We work closely with local organizations, city and state governments and other area stakeholders such as non-profits, cultural centers and business owners to fully communicate and carefully plan throughout every step of the development process. We understand that local participation in the planning and development process will lead to the best development possible.

    • Innovative Construction Technologies

      Leveraging some of the world’s most renowned architects, master planners and builders, we strive to create projects that deliver superior quality with a lower cost of construction and minimal neighborhood disruption. To achieve this, we employ cutting-edge construction methodologies, such as pre-fabrication and mass timber building design to develop market-leading mixed-use projects.

    About

    Lotus Equity Group LLC is a New York‐based real estate development and investment firm whose senior professionals have a proven ability and commitment to delivering superior risk adjusted returns to investors. Lotus’ primary focus is on development, re-development and value-add repositioning opportunities in the NYC metropolitan area and in select European and Australian capital cities. Lotus’ cross-cultural perspective and innovative thinking are key strengths that allow it to successfully execute high profile projects in collaboration with third parties including government and local agencies.

    The Team

    Chief Executive Officer & Founder
    Ben Korman
    Ben Korman

    Ben Korman, Founder and CEO of Lotus Equity Group, is a veteran property manager, owner and investor with more than 30 years of industry experience. Mr. Korman leverages his training and hands-on experience in civil engineering and structural design to create, plan and develop large-scale, mixed-use developments that complement and enhance their surrounding neighborhoods.

    Notably, Mr. Korman is the driving force behind the 11.8-acre redevelopment of the former Bears Stadium site in Newark, NJ. His vision to build a well-planned, multi-faceted, mixed-use development in the emerging Broad Street corridor of Newark has brought together some of the country’s most renowned, forward-thinking architects to create Riverfront Square. It will create more than 500,000 square feet of commercial office space, approximately 2,000 residential units, 10,000 square feet of open public space, a new cultural venue and new local retail spaces in the heart of Newark.

    Prior to founding Lotus Equity Group, Mr. Korman was a Co-founder of C&K Properties, which has owned and operated over five million square feet of office, residential, industrial and retail properties in New York, New Jersey and surrounding major metro areas. Mr. Korman led C&K’s value-add and redevelopment efforts, most notably in Midtown South. Under his leadership and direction, the company completed numerous public private partnerships, including the 1.3 million-square-foot redevelopment of Pier 40.

    Mr. Korman holds a BSc in Civil Engineering from the Technion Institute of Technology in Haifa, Israel and an MBA from Stern School of Business at NYU. He is a native Israeli who moved to the United States in 1985.

    Chief Financial Officer
    Kevin Collins
    Kevin Collins

    Kevin Collins is the CFO of Lotus Equity Group. He oversees the company’s asset management department, including direct responsibility for the operations of 2 Gateway Center, Newark, NJ’s largest commercial office building, and also serves as the liaison with various governmental and community organizations, serving as Chairman of the Board of the Newark Downtown District and as a member of the board of the Newark Regional Business Partnership.

    Mr. Collins has more than three decades of experience in corporate and real estate finance and asset management, spanning commercial office, residential asset management and development, property management and hospitality management. Prior to joining Lotus’ related company, C&K Properties, Mr. Collins worked for Cross & Brown, MJ Raynes Real Estate, Property Resources Corp., and The Broadstone Group.

    Mr. Collins holds a BS in Business Management from Fordham University.

    Development Manager
    David Linehan RA, LEED AP
    David Linehan RA, LEED AP

    David Linehan RA, LEED AP is the Development Manager for Lotus Equity Group. Mr. Linehan is a licensed architect, responsible for managing the design, marketing, and approval efforts for Lotus properties. In this role he coordinates the work of Lotus’ consultant teams, as well as legal, government, and public stakeholder input and interaction. Currently, he is leading the development of Riverfront Square.

    Prior to joining Lotus, Mr. Linehan was Design Director for JDS Development Group and a Project Director with SHoP Architects. In these roles he oversaw all aspects of a variety of large-scale multi-family residential projects throughout New York City and the country. Previous projects include the design and development of the American Copper Buildings, Monad Terrace condominiums in Miami, Vernon Boulevard mixed-use development, and the rezoning of the Hudson Square neighborhood.

    Mr. Linehan holds a Master’s degree from Columbia University’s Graduate School of Architecture, Planning and Preservation and a BA in Philosophy from Georgetown University.