Wednesday, July 6, 2022

Interview with Martin J. Stallone, Metropolitan Development Group’s Executive Vice President of Development

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1- Hello Martin, can you please tell us a bit about you?
I am currently the Executive VP of Land Development and Managing Director of the Wyomissing, Pennsylvania-based real estate concern, Metropolitan Management Group (MDG). I am also the proud Cofounder and President of Hamilton Consulting and VP of Meridian Capital Markets. I graduated from Cornell University from 1983 to 1987. One of the accolades I cherish most in my career is the National Merit Scholar recognition. On a more personal level, I am an analytical person and for good measure because it helps me make affirmative decisions.

2- What are your focus areas and why?
My career background is steep in strategic planning, consulting and project development. As the Executive VP of Land Development and MD of MDG, I have my work well cut out. My key responsibilities here include cash flow analytics, finance and risk management. We work with many real estate properties, including commercial office buildings, mixed-use properties, single family residential homes and industrial development tracts.

3- What influences your work? What makes you want to wake up every morning?
What keeps me awake is the desire to concur the goals I set out to achieve. I inculcated this belief back in high school when I promised to achieve the highest grades every semester. However, cultivating this level of discipline is never easy because it comes with so much pressure. If you want to excel in the real estate sector, you need to be creative, risk tolerant and have a knack for problem-solving.

4- How do you describe “Metropolitan Development Group”?
Metropolitan Development Group offers development services to a wide portfolio of client’s, from residential housing homeowners too much larger industrial projects. The firm has managed to grow into a formidable land development entity largely due to its solid relationship with key industry stakeholders such as architectures, financial institutions, realtors, law firms, builders and environmental experts.

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5- You are very good at dealing with land development projects; tell us about your experience?
Besides core property developmental activities, we also undertake new land evaluation and are always happy to discuss future as well as changes in proposed projects with our clients. Most of the land we buy is used for setting up townhouses and single family and apartment dwellings.

 6- Where do you think you are making an impact?
I will submit that I have met many people asking me “Mr. Martin J. Stallone, what drives you”. In my industry, I believe connecting with client needs and making sound development strategies while keeping an eye on sustainability is key to a promising future. Because of the quality our work and responsive nature, we get a lot of small scale projects and we treat them with the same zeal as any large project and this is making a huge difference.

7- Where do you see “Metropolitan Development Group” in the next 5 years?
The idea to establish MDG arose from the need to create a versatile land development company that can undertake a host of projects; be they commercial, residential or industrial and complete them in time to the required level of satisfaction. Our desire is to develop as many affordable housing units as possible in the coming years.

8- What can you tell people who are pursuing their dreams?
Every business owner desires to grow their business and make a profit. I would encourage anyone taking their chances to have clearly spelled out goals and timelines and follow their dream. I strongly believe people who follow their dreams are doers, and doers have the power to influence and transform their environment and ultimately entire communities.

9- What are you most excited about at the moment?
I hope the positive sentiments in the economic front will help bolster our capacity to put more land into productive use. I have also noticed that property prices in large cities are quickly moving beyond the realm of affordability. I see lots of opportunities for affordable homes in the mid-size and small scale markets.

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10- The last word or final thoughts?
Since real estate represents the largest percentage of an individual’s or household wealth. Developers and property owners need to educate themselves on factors and trends that influence the market such as interest rate, economy, demographics and state and national government policies and incentives.

 

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Noelle Elia
Noelle Elia
is a Financial analyst at PSPC. Graduated from Telfer School of Management, Finance/Accounting with interest to Entrepreneurship and New Media.
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