By Joshua Burd
Blue Onyx Cos. has added a veteran development executive to help guide its expansion and a growing pipeline with more than $600 million of estimated construction costs.
Tricia Wood joins the Paterson-based firm as vice president of development, bringing nearly two decades of industry experience. In the new role, she will oversee strategic processes and objectives for Blue Onyx’s development team, the implementation of best practices across its portfolio and the identification of new development opportunities to support its growth, working as part of an executive team led by founder and CEO Levi Kelman.
“As we look to the future of the firm and continue to add large scale multifamily and mixed-use developments to our portfolio, Tricia’s robust and diverse expertise across real estate development, construction and property management make her the perfect fit to support our strategic growth,” Kelman said. “Throughout our decade-long history, we have established a proven track record of success in the industry, and we look forward to leveraging Tricia’s market knowledge to identify value-add opportunities in high-growth regions throughout New Jersey and the tristate area at large.”
Wood is a former director of development for Roseland Residential Trust, where she spent nearly five years. Prior to that, she was a vice president of development at Mill Creek Residential Trust, overseeing design and construction processes across a portfolio of high-value multifamily residential spaces.
“I was immediately attracted to Blue Onyx’s mission-driven, conscientious approach to development and its keen focus on community building and elevating tenants’ quality of life, which stems from CEO Levi Kelman and is a core pillar of the firm,” Wood said. “I’m proud to have executed extensive work across reputable Class A multifamily and retail development projects throughout my career, and am eager to apply this experience working alongside Levi and the entire Blue Onyx team to create strong, connected communities.”
Wood joins the privately held firm as it transitions to a focus on larger-scale projects in untapped regions throughout New Jersey and the New York metropolitan area. Blue Onyx, which is developing in areas such as Paterson and East Orange, said it currently has a robust pipeline of noteworthy developments already underway and continues to pursue what it described as ambitious, high-impact projects.
Blue Onyx breaks ground on 78-unit project alongside existing East Orange apartments
