Panepinto, Naparstek, and Elkouby join Exchange Place Alliance board in Jersey City


Local developers and entrepreneurs Joe Panepinto, Abe Naparstek, and David Elkouby recently joined the Exchange Place Alliance Board of Directors in Jersey City.

Photo courtesy of the Exchange Place Alliance.

By John Heinis/Hudson County View

“In Joe, Abe and David, we are excited to have their talent and to advisement as we move to the next chapter of the alliance’s growth,” EPA Executive Director Elizabeth Cain said in a statement

“Our plaza renovation will be complete making the site one of Jersey City’s jewels, we have a record number of activities planned for this year and new signage is coming shortly to the Hudson River Walkway all to enhance the experience of residents, workers and visitors.”

Panepinto is the founder of Panepinto Properties, is a large owner of real estate in Jersey City and other parts of the state.

He also serves on the board of St. Peter’s College and has contributed to St Patrick’s, the Jersey City Medical Center, and Liberty Science Center, among other cause.

Naparstek is a partner at G&S Investors. He is leading the redevelopment of Metro Plaza in
the EPA district, which is an ambitious redevelopment of 6 million square feet, of which 1.2 million has already been completed.

Finally, Elkouby is the founder of American Equity Partners, is the owner of 15 Exchange Place, which is currently undergoing a massive renovation.

Since founding the company in 2000, he has purchased, managed, and sold over $3 billion of residential and commercial assets and  developed over 2 million square feet of retail space.

“We spoke over the last several years with many qualified candidates who expressed interest in being on the board. We looked for candidates who have a deep love for Jersey City, service without compensation, and skill in either law, business, accounting, or construction,” Cain added.

“In that pursuit, with Joe, Abe and David, we identified three extraordinary candidates who have come to us through conversations with the public, property owners, and city officials.”

They join existing board members Mike DeMarco, Jeremy Farrell, Andy Siegel, and Council President Joyce Watterman, the designee from the local governing body.

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