Sterling Project Development
Richard Browne has enjoyed equally successful careers as a builder, commercial building owner and project consultant. Since his real estate and construction career began in 1986, Mr. Browne has been involved in the coordination and supervision of over $5 billion worth of commercial, residential and sports-related projects. From 2005 until its final completion in 2010, Richard (through his previous firm, Rector Management Corp.) served as Owner’s Representative to Queens Ballpark Company, L.L.C., which spearheaded the development and construction of Citi Field. This $800 million ballpark, which was completed on schedule and under budget, is regarded as one of the premier sports and entertainment facilities in the country. Earlier in his career, Mr. Browne was the managing general partner of 40 Rector Street, a 600,000-square-foot commercial office building located in Downtown Manhattan. Major tenants in the building included The City of New York, Xerox, AXA Equitable Life, NYU Medical Center and The American Stock Exchange. Mr. Browne was responsible for all aspects of leasing, management, construction and operation of the property. The building, which had been owned by Mr. Browne and his family since 1969, was sold to an outside investor in January of 2001. He has been a member of the Building Owners and Managers Association, The Long Island Board of Realtors, The Real Estate Board of New York and the Downtown Owners Committee.