Development you can bank on.
Welcome to Cottage International Development Group (CIDG), a company on the move. Dynamic and nimble, CIDG has the resources and experience to swiftly and expertly identify, purchase, and develop quality properties. This site will give you information about our history, philosophy, management, experience, and development opportunities.
Our core values are:
- Excellence in all that we do
- Integrity in all of our business practices
- Respect for all individuals and the environment
- Careful attention to customer and shareholder needs
Established in 2000 as the development arm of the Glenman Corporation, Cottage International Development Group (CIDG) is committed to raising funds for and identifying outstanding investment opportunities, with long-term value for its stakeholders. We focus on three areas of development: residential, commercial, and sports and entertainment properties.
CIDG was founded by Thomas J. Conneally, president and founder of the Glenman Corporation, a forward-thinking, multi-disciplined construction company, committed to delivering the best building solutions for each of its projects. This development/construction combination provides a turnkey operation that contains project costs and minimizes disruption and delays.
Both CIDG and Glenman are based in Yonkers, New York.
ABOUT US: history
In the past six years, CIDG has developed or is in the process of developing the following:
- 500,000 square feet of residential property valued at more than $250 million, including luxury townhouses, senior living facilities, and condominiums at various levels of affordability;
- more than 400,000 square feet of mixed use property worth $100 million, and acquired or developed underused and vacant commercial properties, readying them for retail, industrial, and office use;
- more than $300 million in projects in various stages of development, including residential (rental and condo), commercial, and sports and entertainment facilities in the United States and Europe.
ABOUT US: principal
Thomas J. Conneally, President & CEO
Tommy arrived on these shores in 1986 and in 1990, established Glenman Construction Corporation. Glenman began as a one-man painting and renovations service company. Before long, it grew into a diversified general construction organization with more than 40 employees and $200 million in bonding. In his 25 years of professional experience, Tommy has completed over $500 million of construction and development work. Projects encompass over 500,000 square feet of residential development and construction and more than 400,000 square feet of mixed use development including commercial and industrial space.
ABOUT US: affiliates
A multi-faceted construction company, Glenman Corporation is a high quality, mid-market general construction organization committed to state-of-the-art construction practice. Glenman's team has a thorough understanding of all facets of the building processes, from development, funding and planning, to design and construction.
Combining experience with innovative techniques, the company consistently provides superior service to meet the diverse needs of its clients. In its eighteen-year history, Glenman Construction has built successful relationships based on trust and respect with clients, subcontractors, suppliers, architects and engineers, employees, and local communities.
Glenman embraces new technology and places the highest priority on safety and the environment. The company is responsive, flexible, experienced, and knowledgeable.
More about Glenman can be found at www.glenman.com.
ABOUT US: professional affiliates
The CIDG team is actively involved in a number of trade organizations to share information, trends, successes and best practices in the areas of real estate development, construction and capital advisory. Listed below is a selected group of the associations where our team members are involved:
- Associated Builders & Owners of Greater NY
- Building and Realty Institute of Westchester and the Mid-Hudson Region
- National Brownfield Association
- Business Council of Westchester
- NYS Association for Affordable Housing
- Westchester County Association
- Yonkers Chamber of Commerce
CIDG is a dynamic, nimble investment company with the resources to quickly identify, purchase, and develop quality properties in the tri-state area.
We seek to generate attractive returns through investments in reasonably-priced, vacant land; in existing structures in need of redevelopment; and by applying mixed-use development strategies to maximize property value and revitalize communities.
Because we have the expertise, we can assess property with challenges and are able to determine its best potential use. But we don't just look at the property; we also consider the end user and believe in creating sustainable neighborhoods.
CIDG is able to identify property for residential development where the market demand far exceeds the market supply. We have successfully developed luxury townhouses, senior living facilities, and condominiums at various levels of affordability. We have built or developed 500,000 square feet of residential property valued at more than $250 million.
We incorporate green building principles wherever possible, and seek to develop properties which earn LEED (Leadership in Energy and Environmental Design) certification by the USGBC (U.S. Green Building Council). From the inception of each project, we staff our development team with LEED accredited professionals; reflecting our commitment to improving the environment.
We acquire and develop underused and vacant commercial properties and ready them for retail, industrial, and office use. We also redevelop sites into productive reuse. CIDG has developed or constructed over 400,000 square feet of industrial or commercial property worth $100 million. There are new projects in the pipeline all the time.
We know about the factors that can make or break commercial development: zoning and government regulations, infrastructure documentation, plot transfers, environmental issues, unrealistic contracts and budgets, and community opposition. Because our team is diligent, knowledgeable, and has real-world experience, we can identify and solve problems before they even begin to imperil a project.
With our fine track record, resources, and commitment to excellence, CIDG has the ability to capitalize on investment opportunities. The company's experienced team of construction, financial, and development professionals manage the due diligence process, maximizing the likelihood that the development and acquisition of property occur at an attractive price. That process includes expert market analyses, financial structure analyses and review, and careful coordination of the professional team (legal representatives, environmental engineers, accountants, consultants etc…)
CIDG executes this strategy by combining sophisticated capital market and investment expertise with proper asset management and operating capabilities and experience. We select reputable property managers with care. The object is to manage risk, preserve capital, realize for its investors a superior return on investment, and have an exit strategy.
Our capabilities in the financial arena are paramount to successful completion of any project. CIDG prides itself on a thorough understanding of the vast array of financing vehicles available today: conventional loans, IDA funding, traditional bond financing, tax credits, brown field credits, and "green" credits through USGBC compliance. We have the know-how, personnel and experience to obtain the most cost-effective funding necessary to achieve the timely and profitable completion of your project.
We seek partnership relationships with several core entities: private individuals, public municipalities, and nonprofit organizations. For private clients, we offer complete peace of mind; we assess the underutilized property, stage development from planning through design, and arrange and manage all construction through obtaining the final Certificate of Occupancy. Public entities can be confident in our ability to obtain appropriate financial resources to bring the project to fruition. We are open to ownership, leaseback, or fee for any local municipal or public venture. Finally, for the nonprofit entities, we view your ownership and management as a priority; we review your overall objective, ascertain its financial viability, share in the development fee, and offer construction services in order to achieve your mission.
We have successfully developed luxury townhouses, senior living facilities, and condominiums at various levels of affordability. And developed or constructed several hundred thousand square feet of industrial and commercial property in the metro-New York City area.
CAPABILITIES: design & construction
Our affiliate, Glenman Corporation, manages complex construction activity. Glenman tailors its construction management delivery methods to suit the needs of our clients. Delivery methods include:
- Preconstruction Consulting
- Program Management
- Construction Management
- General Contracting
Glenman also seeks qualified local and regional subcontractors and suppliers with the operational and financial capacity to work with us on our projects. Our goal is to partner with our subcontractors and create win-win situations to achieve customer satisfaction.
We strive for excellence in all that we do. We provide the convenience and expertise of being a one-stop shop thereby enabling us to satisfy the diverse needs of our clients in the building industry.
One of our core values is improving the environment and stemming global climate change by developing sustainable buildings. We believe our focus on sustainability gives us a competitive advantage by making our structures more attractive, healthier, and ultimately, more valuable through higher long-term investor returns.
In all of our ventures, we incorporate green building principles wherever possible, and seek to develop properties which earn LEED (Leadership in Energy and Environmental Design) certification by the USGBC (U.S. Green Building Council). From the inception of each project, we staff our development team with LEED AP's (LEED accredited professionals); this reflects our commitment to improving the environment and the quality of life for our fellow citizens.
Cottage International Development GroupMAIN OFFICE:
One Odell Plaza Yonkers, New York 10701
Tel: 914.798.7090; Fax: 914.966.9654