David L. Picket is President of Gotham Organization, Inc., a vertically integrated real estate development company providing services throughout concept, financing, design, building, lease-up and ongoing management phases. Since joining the company in 1991, David has led Gotham’s new project development business through a period of unprecedented growth. He became responsible for Gotham’s development and property operations businesses in 1998, and serves as Chief Executive Officer of Gotham Development, LLC. David represents the fourth generation of Picket leadership in Gotham’s 100-year history, continuing the firm’s dedication to multifamily housing in New York City.
Under David’s direction, Gotham has developed over 5,000 housing units and over 1 million square feet of urban retail. The majority of the firm’s developments have utilized public/private partnerships, combining public funds, tax benefits and/or reduced land prices in exchange for the creation of affordable housing, schools, community facilities, job programs and other public benefits. Of particular note is the firm’s latest residential development, Gotham West, a 1,238 unit development, a four building complex located on a four acre site in Midtown West which opened in 2013. This ambitious project includes 250 units of affordable housing and 432 units of middle-income housing, created in exchange for a reduced land price and tax benefits. Using a similar formula, Gotham will soon open the Ashland, a 586 unit building at the border of Ft. Greene and Downtown Brooklyn.
David was one of the first developers to capitalize on the resurgence of the multi-family housing market in New York in the mid-1990s and to recognize the untapped potential of the Midtown West neighborhood. In addition to Gotham West, he is responsible for the development of several award-winning properties, including Nicole, Atlas New York, The Foundry, New Gotham and The Corner, and retail projects that include Harlem USA and DC USA. Harlem USA was the first development to utilize funds generated by the Upper Manhattan Empowerment Zone and, at the time, represented the largest private investment ever made in Harlem. Prior to joining Gotham, David was a banker in the real estate division of Citicorp and a real estate attorney for what is now Bryan Cave LLP.
David holds a law degree from Columbia and a bachelor’s degree from Cornell University. He and his wife, Rona, have three children; Matthew (25), Nicole (22), and Ben (20). David is a member of or affiliated with the following boards and organizations:
• Brooklyn Academy of Music, Member, Board of Trustees
• Breaking Ground, Member, Board of Directors
• Cornell University, Member, College of Arts & Sciences Advisory Board
• Real Estate Board of New York
– Member, Board of Governors
– Member, Housing Committee
– Director, Owners & Builders Division
• Realty Foundation of New York, Member, Board of Directors
• The Fashion Center BID, Member, Board of Directors
• Jewish National Fund, Tree of Life Award, 2007
• UJA-Federation of New York, Honoree, 2011
• The Jewish Community Relations Council,
– Former Member, Board of Directors
Continuum Health Care Partners
Former Member, Board of Directors