Company / Timeline

Founded in 1970, Rockrose Development Corp. is one of New York’s most pre-eminent and prolific developers. As an all-encompassing property owner, developer and manager, our visionary stance and commitment to excellence have established us as a leading force in New York real estate. With a hands-on management team who recognize the importance of exacting quality for demanding residential and commercial clients, the company continues to exceed expectations and create new standards. Henry Elghanayan carries on the family tradition with his son Justin.

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Featured News & Press


Photo: About Us Construction 1Rockrose follows a multi-disciplinary approach to planning a new development. As a premier owner-builder with a focus on quality, we work with a vast array of world-renowned architects, consultants, engineers and contractors, and take a global view of development from ...

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Development and Acquisition

Rockrose has developed 10,000 units of residential space, and has developed or acquired over three million square feet of office space. Many of our projects have received favorable public review in addition to coveted design awards by Landmarks and other governmental agencies at the City, State and Federal levels. Our vision continues with tomorrow's real estate developments on the planning table today.

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Rockrose has over 40 years of experience adding value to our projects. This extensive record is recognized by our ability to raise capital on a consistent basis throughout a variety of market conditions. Lenders and equity sources alike have come to rely on our vast operational expertise, financial decision making abilities and conservative capital structure.

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Recent News & Press

  • Long Island City is undergoing a development boom

    NEW YORK (FOX 5 NEWS) - Whichever way you turn in Long Island City, avoiding the sight of construction is nearly impossible. "A sense of place is what makes people actually want to live somewhere," said Justin Elghanayan, the president of ...
  • iPark opens at 43-25 Hunter Street

    iPark opens at 43-25 Hunter Street iPark has opened at Rockrose's Hayden building at 43-25 Hunter Street. Signage appeared on the street earlier in the week, as seen in the photo below. Earlier in the month, construction crews did ...
  • National consulting firm Bates White inks deal for new D.C. office

    Economic consulting firm Bates White LLC will shift its D.C. headquarters within the central business district early next year from Franklin Square to the newly expanded and renovated Alexander Court. The national firm, which has called 1300 Eye St ...
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