New Development



New Developments


Total Residences


Total Sellout


Our Expertise


As President of New Development, Andrew oversees all elements of the new development division including pre-development planning, financial feasibility, execution, staffing, and executive sales management. Andrew’s 20 years in real estate include positions in construction management, real estate development, national research, and new development consulting from coast to coast.

“OFFICIAL knows it's time for a fresh approach to new development - one that combines the undeniable evolution of what developers deserve from a new development consultancy, and the changing landscape of what global buyers desire from a high end development.”


Andrew Wachtfogel

Co-Founder, President of New Development & Chief Analyst


"The OFFICIAL Team is not afraid to challenge the status quo. They understand the industry is hungry for a new perspective on development sales and marketing and are already delivering for our firm and projects."

michael stern

Founder and CEO

JDS Development Group


"This team truly understood the buyer profile of our Beckford House & Tower project and were instrumental in helping us achieve incredible success with the development."

Terrence Lowenberg


Icon Realty Management


"Having collaborated on multiple new developments with OFFICIAL's founders, I've observed up close that each has tremendous skills, creative vision, and a rare sense of new trends in luxury. Individually, each of them demonstrates a unique, sophisticated perspective honed over years of experience at the highest levels of our industry, and across the globe.  Now focused together as OFFICIAL partners, their combined insights, relationships and capabilities offer a fresh and powerful engine for luxury real estate performance."

Peter bazeli

Principal and Managing Director

Weitzman Associates, LLC


"Working with our team on our Arte Surfside project was an exceptional experience and I hope to be able to work with Oren and Tal Alexander at OFFICIAL again for future projects."

Alex Sapir


Sapir Organization

Our Services

Over the past 20 years, OFFICIAL’s founders have worked on more than 80 new developments comprising more than 7,500 residences, with a total sellout value of more than $42 billion. The executive new development team includes the most forward thinking minds in the industry today, and provides consultation during every stage from site selection through sellout.

Research and analytics fuel all aspects of OFFICIAL’s new development practice, from marketing to sales to planning and programming. In an era when data is largely available everywhere to everyone, our goal is to provide true analysis beyond surface-level statistics, and specialized research into how buyers live and make decisions, ultimately serving to elevate new development guidance.

With architects on staff highly trained in disciplines from master plans to residence layouts through interior design, OFFICIAL optimizes new developments to perform in a crowded marketplace for a sophisticated clientele. Our data-driven approach to Planning and Design considers optimal programming from amenities and services to the experience of living in each residence.

Each new development is a brand unto itself and, at OFFICIAL, receives the attention deserving the introduction of a new brand to a crowded marketplace. Our full suite of marketing services begins at project conception, continues through responsible full-lifecycle budgeting, vendor sourcing and management, creative oversight, and sales marketing from the first unit to the last.

Sales is at the core of our business. Each facet of a development is considered with a laser focus on sales success. With an internal network of the country’s best agents in the nation’s most important markets, strategic partnerships across the globe, and the experience of our leadership team, each development receives a tailored strategy focused on results.

Interested in the Official Model?

Please contact the team to schedule an in depth review of our model and services.

Work With Us