John Fareri, CEO of Fareri Associates, LP based in Greenwich, CT, is a well-established and highly regarded developer, owner, and manager of commercial, industrial, and residential real estate in Westchester County and the Lower Hudson Valley in New York and Fairfield County, Connecticut.
To date, Mr. Fareri and his affiliated companies have developed, repositioned and/or currently own approximately $1.5 billion and 5 million square feet of real estate. His developments and investments include retail locations, mixed-use properties, office buildings, industrial properties, medical buildings, townhouse developments, residential-rental projects, and single-family homes.
Mr. Fareri is personally involved with each one of his properties. He has extensive experience successfully redeveloping and repositioning properties in a market that rarely offers such opportunities. A selective list of assets he currently owns either wholly or in partnership include:
Greenwich Office Park, Greenwich, CT
is an eight-building, 380,000 square foot multi-tenant corporate office park valued at over 190 million dollars. Fareri has future development plans to integrate retail and residential uses within the park to create the first mixed-use walkable community in western Greenwich.
Westchester Bioscience & Technology Center, Valhalla, NY
is a proposed 3 million-square-foot mixed-use complex. Upon project completion, the $1.2 billion multi-phase development will include 2,252,600 square feet of biotech and research space; 400,000 square feet of medical offices; a 100,000 square foot hotel with 100 rooms; 114,000 square feet of ground-level retail space, and a 34,000 square foot Children’s Living Science Center. A long-term lease for 60 of the 80-acres of which the project will be developed has been signed with Westchester County, with Mr. Fareri owning the remaining 20 acres. Opening of the first phase has not yet been determined.
240 Greenwich Ave, Greenwich, CT
is an iconic architectural landmark built by the Greenwich Trust Company in 1917. The exterior of this extraordinary building was inspired by the design of the Mercate Nuovo of Florence, Italy, which was built in 1547. 240 Greenwich Avenue is currently undergoing a full interior renovation, including new mechanical systems and the addition of a new elevator, while preserving the historic exterior façade and design. Anticipated completion of this project is December 2021.
19 Bradhurst Avenue, Hawthorne, NY
is a 220,000 square foot, Class-A office building located in the Town of Mount Pleasant in Westchester County. The building is 100% leased. Leaseholders include Westchester Medical Center, numerous private practices of doctors who are affiliated with Westchester Medical Center and other related companies. Over the past several years over $5 million have been invested in upgrades and improvements to the building and property. The recently renovated lobby includes a retail pharmacy, a patient and visitor waiting area complete with an Au Bon Pain café.
500 West Putnam Avenue, Greenwich, CT
is a 125,000 square foot commercial office building that has undergone an extensive interior and exterior renovation and converted to a premier medical office building in western Greenwich including over 70,000 square feet of recently leased and fit out space by Greenwich Hospital, owned by Yale New Haven Health System.
J Lofts & Equinox Mixed Use Properties, Greenwich, CT
J Lofts has 65 luxury rental units adjacent to Equinox’s 45,000 square-foot fitness facility.
The J House, Greenwich, CT
a full-service Luxury Boutique Hotel, is one of the most prestigious and innovative properties in Lower Fairfield County. The J House boasts 85 modern guest rooms, The J Spa, a Coffee Bar, and an outdoor heated pool along with Tony’s at The J House, the premier fine dining restaurant in the area.
On the philanthropic side, John Fareri has been involved with multiple charities and foundations throughout his career. However, the one closest to his heart is the Maria Fareri Children’s Hospital.
The Maria Fareri Children’s Hospital, a member of the Westchester Medical Center Health Network (WMCHealth), is a vision shared by many people, including Brenda and John Fareri, who lost their 13-year-old daughter, Maria, to rabies in 1995. While Maria was hospitalized at Westchester Medical Center, Brenda and John quickly realized that Westchester Medical Center, like many hospitals, was built at a time when families were not considered an essential part of a patient’s care.
Maria Fareri Children’s Hospital is the only hospital in the nation named after a child. After Maria died, her parents, John, and Brenda Fareri, learned that Maria had made a special wish as part of a school project: “For the health and well-being of all the children in the world.” With her spirit guiding them, her parents, family and other 20,000 members of our community have made this wish a reality. Today, Maria Fareri Children’s Hospital is a place where parents are not visitors but partners with the staff in the family-centered care of their children.