MREA is an affiliate of Matrix Development, LLC (“Matrix”), founded in 2002 by Mr. Sabbagh. Matrix is a real estate development and investment firm focused on opportunistic acquisitions and design-forward development projects in the New York metropolitan area. Recently completed projects include a 359-bed student dormitory for the School of Visual Arts at 101 Ludlow Street, a mixed-use 40-unit rental building located at 19-23 St Marks Place and the Urban Glass House, a 40-unit luxury condominium in west SoHo designed by the late Philip Johnson.