Summit Development LLC
Summit Development LLC, a privately held full-service real estate investment, development, and management company, is headquartered in Southport, CT. Founded by Felix T. Charney in 1982, the firm specializes in value-add development, focusing on the redevelopment and repositioning of undervalued assets across Connecticut, New York, and Florida.
With over 7.5 million square feet completed in 100 projects, Summit has established a reputation supported by prominent institutional capital sources. The company has also successfully purchased over $315 million in non-performing bank loans secured by commercial real estate between 2010 and 2019, showcasing its expertise in various real estate activities.
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