Led by industry icon Alec Ornstein, Ornstein Development is leveraging an impressive 40+ year track record of Building Excellence that's second to none in the construction and development of real estate properties.

Ornstein Development looks enthusiastically and confidently towards the future in pursuing development opportunities on its own and with strategic partners.

The past success of Alec Ornstein and rich potential of Ornstein Development can be attributed to his commitment and vision. In 1991, Alec co-founded OLC (Ornstein Leyton Company) which throughout the last 40+ years, found and maximized the potential of real properties in and around the New York Metropolitan area. Now, to position Ornstein Development (OrnDev) for an expansive future in a broad spectrum of real estate development, Alec has again built a truly innovative team of professionals.  With his leadership and this deep pool of experience, Ornstein Development and its partners will move seamlessly from concept to a finished product. His commitment is to work every detail and coordinate with municipalities to ensure a development--whether residential or commercial--of which a community can be justifiably proud.

For the investor, broker and/or land seller Alec's rich heritage and spheres of impact span real estate companies, capital providers, elected officials, brand name suppliers, banks and mortgage companies. His experience within these relationships translates into opportunities for profitable projects that help build communities and businesses.

Alec Ornstein's strong background combines finance, real estate, and development. He began his career at Central Federal Savings Bank (assets in excess of $1 billion) where he rose to hold the positions of Senior Vice President for Commercial Real Estate lending and a member of the Board of Directors. 

After Central Federal Alec joined what was at the time one of Long Island's largest home building organizations, where he was involved in the acquisition, finance, construction and marketing of many of the firm's new residential communities. 

Alec then took his vast industry know how and co-created OLC.  Over four+ decades, Alec and OLC have completed numerous residential developments, providing homes for over a thousand families throughout the New York Metropolitan area, along with many commercial projects as well.

Although OLC began with a focus on distressed properties--with a talent for revitalizing them and selling them out--the majority of the  projects continue to be fully realized, from entitlement to completion.  OLC is known for impeccable construction with first line materials and floor plans, site plans and community amenities that make them favorites of the residents they serve.  Because of this significant track record, Alec and OLC has had long standing relationships with capital providers... from private investment firms to a range of lenders, continuing deals throughout many varying economic cycles. The result of all of this is that every project has been completed and provided satisfactory conclusions.

Alec presently resides on Long Island with his wife Jennifer. He is a two-time Past President and Chairman of the Board of NAHB's Long Island Builders Institute (LIBI), where he also served as PAC co-chair and is a Life Director. In addition to hobbies that include tennis and sailing he is also well involved in philanthropic efforts.

glen street apartments-glen cove, ny

115 Glen Street is an example of Ornstein Development's commitment to working with local government and the community to provide pathways to enable the revitalization of Long Island's downtowns.  OrnDev is proposing to develop an underutilized parcel that has been owned by a local family business for generations, to build middle-market rental apartments.  Housing 29 apartments with a mix of studios, 1 bedrooms and 2 bedrooms, 115 Glen will be a shining new addition to the City’s downtown, providing housing opportunities for young people as well as empty-nesters seeking a maintenance free life-style. Luxury finishes include 9-foot ceilings, in-unit washer/dryers, solid surface counter tops, tiled baths and energy efficient, cutting edge heating & air conditioning systems and kitchen appliances. 115 Glen also includes 42 covered parking spaces and amenities that include elevators, roof top deck, fitness center, tenant lounge, bike storage and package room. Because of its prominent location, this beautiful building will act as the gateway to the City as people travel from Glen Street into the downtown and waterfront.  

Vineyards Villages at Coram

The Vineyards Villages at Coram is the latest in the unmatched portfolio of Vineyards 55+ communities. Unlike the other Vineyards which are owned by the residents, this is the first of what should be many rental communities, designed to provide the same level of craftsmanship and amenities to those 55+ individuals and couples who want a more flexible financial lifestyle. Occupying approximately 12 and a half acres on the south side of Route 25/Middle Country Road, just east of Route 83/Patchogue-Mount Sinai Road, 74 homes are planned to be built. All apartments are generously-sized 2 bedroom/2 bathroom flat floor plans with private entrances, en-suite primary baths, 9’ ceilings, side by side washer/dryer, kitchen peninsulas, and spacious walk-in closets, within townhome-style buildings.

Additionally a 2,600 sq. ft. Clubhouse/Amenities center will anchor the community with an outdoor heated pool with patio, outdoor shower, pickleball, volleyball, horseshoe and bocce courts. Inside the main clubhouse, residents will find a fitness center, entertainment/ gathering area, card room, catering kitchen and billiards room.