Tricia Wood has been named vice president of development at Blue Onyx Cos., the privately held real estate development, investment and property management firm announced Thursday.
Wood joins the firm during a growth period, as Blue Onyx has been steadily expanding its Northeast portfolio and development pipeline of mixed-use properties, which exceeds $600 million of estimated construction costs.
In this new role, Wood will be responsible for the oversight of strategic processes and objectives for the firm’s development team, the implementation of best practices across the firm’s portfolio and the identification of new development opportunities to support Blue Onyx’s growth.
Wood will be joining the firm’s current 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 decadelong 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 tri-state area at large.”
Wood, who joins the firm with close to two decades of experience, formerly served as the director of development for Roseland Residential Trust, where she maximized project efficiency through the facilitation and execution of technical and constructive administrative processes.
Before that, she held the role of vice president of development at Mill Creek Residential Trust, where she oversaw the 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 I am eager to apply this experience working alongside Levi and the entire Blue Onyx team to create strong, connected communities.”