Michael Grote, Director of Building Programs,
New Orleans Office.
Mike joined Alembic in 2008, and in that time has led the design and construction of projects in both New Orleans and on the Mississippi Gulf Coast, including a 32-unit development in Pass Christian, MS and an adaptive reuse of a 100-year old school house into a fresh food market. He also works with the Mississippi State University Gulf Coast Community Design Studio in Biloxi and Unabridged Architecture in Bay St Louis. Previously, Mike served as Program Manager with Architecture for Humanity, a non-profit design and construction service provider. In that capacity, he managed a partnership with the Hope Community Development Agency (HCDA) to implement the Biloxi Model Home Program, a $1.5 million program dedicated to rebuilding the homes of low-income residents of East Biloxi. He was a visiting architecture lecturer with Mississippi State Universityâ€™s Biloxi Spring Semester in 2007 & design/build instructor in 2009. Mike holds a Masterâ€™s in Building Construction-Design/Build with a Minor in Community Planning from Auburn University and a Bachelors of Architecture from the University of Houston. Mike is also an adjunct lecturer in Tulane University’s Master of Sustainable Real Estate Development program, and has taught core curriculum and elective courses including Case Studies in Sustainable Real Estate Development and Topics in Real Estate Finance.
Jonathan Leit, Director, New Orleans Office.
Jonathan joined Alembic in 2006 and established its New Orleans Office in 2007. With a background in real estate development, urban planning and organizational development, he works in New Orleans and the Mississippi Gulf Coast to finance and implement neighborhood revitalization projects and provide capacity building assistance to local organizations. Highlighted projects include the adaptive reuse of a former school building into a fresh food market with community and office space; affordable rental housing developments in New Orleans; two affordable homeownership developments in East Biloxi and Pass Christian, Mississippi; and the creation of business, strategic and fund development plans for several organizations in Louisiana and Mississippi. Previously, Jonathan worked with Partners for Democratic Change, providing technical assistance to local organizations in Eastern Europe and coordinating a range of conflict management projects. He holds a Master in City Planning from the Massachusetts Institute of Technology and a Bachelor of Arts in History from Columbia University. Jonathan is also an adjunct lecturer in Tulane University’s Master of Sustainable Real Estate Development program, and has taught core curriculum and elective courses, including Case Studies in Sustainable Real Estate Development and Topics in Real Estate Finance.
Jenny Marone, Senior Project Manager.
Jenny joined Alembic in 2014. She provides project management services, from predevelopment through construction, for the firmâ€™s affordable housing projects in New York City. Jenny has over six years of experience in real estate development in NYC, spanning both private and non-profit sectors. Most recently, Jenny worked in Design and Construction at Property Markets Group, working to help bring two projects through design, filing, permitting and into construction. Prior to PMG she worked at Clinton Housing Development Company, where she participated in predevelopment work, managed projects in construction, and oversaw commercial build outs and capital improvement projects. Â Jenny graduated from the College of William and Mary with a degree in Economics, and received a Masterâ€™s of Urban and Environmental Planning from the University of Virginia.
Mike McCarthy, Director, New York Office.
Mike joined Alembic in 2010 and manages the company’s affordable housing projects in New York City from pre-development through construction. Previously, he worked in the international development sector at the Academy for Educational Development in Washington, D.C. and served as a Peace Corps Volunteer in Kazakhstan. While in graduate school, Mike was a Summer Development Associate with AvalonBay Communities and a Development Analyst Intern with Enterprise Community Investment. Mike graduated from Michigan State University with degrees in International Relations and Spanish. He received a Master’s of City and Regional Planning and a MBA from Rutgers University.
Karuna Mehta, Project Manager.
Karuna joined Alembic in 2015 and assists with the companyâ€™s affordable housing development in New York City. Prior to joining the team, Karuna worked with a number of housing and community development intermediaries, creating and improving programs for community development corporations and practitioners across the country. She previously served as a Green Strategies Fellow at NeighborWorks America, where she helped launch the NeighborWorks Green Organization Program, provided technical assistance, and organized courses encouraging practitioners to adopt sustainable practices. Before joining NeighborWorks, she managed a brownfield redevelopment fund for the City of Rome, New York where she conducted a thorough environmental assessment, oversaw community outreach efforts, and secured additional funding for restoration initiatives. Karuna graduated from Cornell University with a degree in Urban Studies and Minors in inequality studies and architecture, and recently received her Masterâ€™s in City Planning from MIT.
Mark Reed, Principal.
Mark has served as a principal at Alembic since 2005. Mark is also currently the founder and manager of the Contact Fund, a private investment fund focused on high impact community development in New York City. Previously, Mark was a Vice President of Portfolio Management at the Bank of New York, where he concentrated on North American corporate credit risk management. At the Bank of New York, he co-managed a $500 million bond portfolio and a $300 million credit derivative portfolio. Since 1997, Mark has served on the Board of Directors of Simpson Investment Company, a fourth-generation, family-owned business based in Tacoma, Washington. Prior to moving to New York, Mark managed an after-school program for public housing residents in San Francisco’s Mission District and managed a youth community center. Mark currently serves as Chair of the Board of the Rudolf Steiner School in Manhattan. He holds a Bachelor of Arts in Anthropology from Stanford University and an MBA in Finance from the Stern School of Management at NYU.
Benjamin Warnke, Principal.
Benjamin founded Warnke Community Consulting, the community development firm that grew into Alembic Community Development, in 1998, after a career in nonprofit consulting and real estate finance. Previously, Benjamin was a Senior Director at the Corporation for Supportive Housing and at the Enterprise Foundation. He also established and directed the New York Office of the Low Income Investment Fund, a national community development nonprofit financial institution. Benjamin is a trustee of the Mary McDowell Friends School; a Board Member of the American Friends Service Committee, an international Quaker service organization; a board member of Proteus Gowanus, a nonprofit interdisciplinary gallery and reading room; and a member of the Haverford College Corporation. He formerly served as Chair of the Board of Brooklyn Friends School. Benjamin received a Bachelor of Arts in English Literature from Yale University.