Company Profile
River Development Equities, LLC is the evolution of a business model, the elements of which its founders created in 1980. For close to 40 years of cyclical financial markets, challenging regulatory environments, and the inherent challenges of re-development in the North East, the River Development model has never wavered.
We continue to expand our partnerships with municipalities, development and management companies, design professionals, financial institutions, and corporate tenants. Our vision for a particular redevelopment, which others have failed to capitalize on, continues to intrigue our partners at all levels.
The redevelopment business philosophy of River Development embodies the “smart growth” principles, which focus on the use of existing transportation and utilities, whether creating a new city center or an airport distribution facility. In particular E-commerce and climate-controlled distribution facilities are components of the re-development spectrum at River.
River’s expertise and success in land redevelopment is of special interest and benefit to all the municipalities, in which it operates. River Development partners with these municipalities to identify parcels of land with special re-development potential. River then evaluates each parcel to determine the best use to reposition and create an asset.
River is solution-oriented. By bringing together a team with expertise in property identification, negotiation strategy, purchase management, government affairs, legal, development and asset management, River Development is positioned to help municipalities and owners of real property meet their immediate financial and long term asset appreciation goals.
We continue to expand our partnerships with municipalities, development and management companies, design professionals, financial institutions, and corporate tenants. Our vision for a particular redevelopment, which others have failed to capitalize on, continues to intrigue our partners at all levels.
The redevelopment business philosophy of River Development embodies the “smart growth” principles, which focus on the use of existing transportation and utilities, whether creating a new city center or an airport distribution facility. In particular E-commerce and climate-controlled distribution facilities are components of the re-development spectrum at River.
River’s expertise and success in land redevelopment is of special interest and benefit to all the municipalities, in which it operates. River Development partners with these municipalities to identify parcels of land with special re-development potential. River then evaluates each parcel to determine the best use to reposition and create an asset.
River is solution-oriented. By bringing together a team with expertise in property identification, negotiation strategy, purchase management, government affairs, legal, development and asset management, River Development is positioned to help municipalities and owners of real property meet their immediate financial and long term asset appreciation goals.
Principal
Warren Waters
Warren Waters is a principal and partner in the company. His chief focus is in identifying the next strategic re-development opportunity and shaping the design for the project. He enables our team and their consulting professionals to analyze the planning and zoning issues and focus on their resolution. The company’s record of approved projects from municipal, state, and federal agencies is unique. Under Warren’s' management the company has expanded into regional markets, strengthened existing partnerships, and forged new relationships with each development.
Over the past 40 years Mr. Waters has moved the firm and it’s over two dozen affiliated companies to evolve the portfolio from specialty industrial to mixed use city center streetscapes and lifestyle properties. A current focus on E-commerce and climate-controlled industrial properties coupled with previous fulfillment warehousing completes the development cycle.
A long serving Board Member on over a dozen charitable organizations, Warren sits on the Advisory Board of Trustees of the Valley National Bank.
Over the past 40 years Mr. Waters has moved the firm and it’s over two dozen affiliated companies to evolve the portfolio from specialty industrial to mixed use city center streetscapes and lifestyle properties. A current focus on E-commerce and climate-controlled industrial properties coupled with previous fulfillment warehousing completes the development cycle.
A long serving Board Member on over a dozen charitable organizations, Warren sits on the Advisory Board of Trustees of the Valley National Bank.
Strategic Partners
Chris Smith
Chris is a partner at River Development Equities. Chris spent 14 years as a Commodities Trader and member of the New York Mercantile Exchange trading natural gas and crude oil futures as an independent trader. He was a Member of the National Futures Association (NFA) and he served on the NYMEX Adjudication committee. For the past 10 years, Chris has focused on Real Estate Development, including residential, commercial, and re-development.
Chris is currently a councilman for the borough of Little Silver, NJ. He and his brother James are the current owners of Val’s Tavern, a local landmark that has served the Rumson area since 1942. Chris is the former President of the Little Silver Board of Education. He is a founding board member of the Rumson St. Patrick's Day Parade, a non-profit organization that celebrates Irish Heritage and supports locally based charitable foundations.
Chris is currently a councilman for the borough of Little Silver, NJ. He and his brother James are the current owners of Val’s Tavern, a local landmark that has served the Rumson area since 1942. Chris is the former President of the Little Silver Board of Education. He is a founding board member of the Rumson St. Patrick's Day Parade, a non-profit organization that celebrates Irish Heritage and supports locally based charitable foundations.
Vic Rizzuto
Victor is an engineering and construction professional with over 40 years of diverse experience in planning and managing the design and construction of major facility, site and infrastructure projects. He has been involved in every level of the construction and real estate development industries, including as an executive in Fortune 100 and 500 manufacturing companies and ENR Top 100 Design Firms. Vic includes stints with Top 100 General Contractors and as an entrepreneur. He has worked on projects throughout the US and all over the World. In recent years, Vic continues to protect his employers and clients with respect to liability, while managing resources and processes. He has expertise in mediation, arbitration and jury trial, as well as forensic engineering. Much of what Vic does in the design and construction industry relies on experienced objective instinct as well as technical training. Vic has a degree from the University of Notre Dame, and holds several professional engineering licenses.