Charles Kyriakoudes and Michael Kerris formed Shore Front Developers LLC in 2002 to acquire and develop a beachfront parcel located at 180 Beach 102nd Street, on the strategic corner of Shore Front Parkway. The 21 unit Shore Front Condominium was the first condominium in the Rockaways in many years, and was the first community to offer high end finishes. The majority of the homes were contracted for in a single weekend in the spring of 2004. Since then, the FrameWorks Group has periodically released and sold individual units at higher prices. Three of the units were kept as rentals.

The FrameWorks Group was formed in 2003 by Charles Kyriakoudes and Michael Kerris as a platform for additional real estate investment and development. Michael Kerris, the Chief Financial Officer focuses primarily on financial and operational issues while Charles Kyriakoudes, the Chief Executive Officer, undertook the primarily lead on construction related issues.

In 2004, after more than a year of negotiations, the FrameWorks Group, under the business name Shore Front Developers of Rockaway Park LLC, acquired 168 Beach 101st Street, in Rockaway Park. This nearly square block lot would be the future site of Belle Shores Condominium, a 66 unit luxury beachfront condominium development. In addition to investing its own capital, the FrameWorks Group pooled the capital of nine outside investors.

Phillip Sansone joined the FrameWorks Group in 2004 as a Principal, and serves at the company’s Vice President of Operations. A significant portion of his time is spent selecting and working with the dozens of subcontractors and vendors involved in the developments, and managing the day to day construction management of the projects. Mr. Sansone also supervised the opening of a Sales and Design Center dedicated to providing the buyers at Belle Shores Condominium with a choice of luxury finishes.

With an opportunity to expand Belle Shores Condominium to 78 units, in 2005 the FrameWorks Group acquired an additional neighboring beachfront lot. A second private offering was conducted. Many of the initial limited partners invested additional capital, as did nine new investors including three homeowners from Shore Front Condominium.

That same year, the FrameWorks Group made it a priority to improve the management of its operations, financial controls, and use of technology including an expanded website. The FrameWorks Group also changed its accounting firm to Berdon LLP, which is the one of the largest real estate accounting firms in the country. The FrameWorks Group continues to strengthen and expand its team of architects, engineers, construction companies, lawyers and lenders.

Recently, the FrameWorks Group contracted to purchase five adjoining beachfront parcels at Shore Front Parkway and Beach 94th Street—an extremely visible half a square block site along the main thoroughfare into the neighborhood. The FrameWorks Group plans to build a Manhattan-style 49 unit condominium with an all glass facade—another first for the Rockaways. With many repeat investors and twelve additional new partners, the FrameWorks Group continues to expand its financial capabilities.

While the FrameWorks Group has thus far concentrated its efforts on residential condominium development in the Rockaways, this has been more by chance than by design. While, the FrameWorks Group plans to continue to develop premier residences at choice locations, the FrameWorks Group has and continues to actively negotiate for the purchase of sites throughout New York City and surrounding counties.

The FrameWorks Group is a member of the National Association of Home Builders, and the Long Island Board of Realtors.