MAG Partners, the development firm led by MaryAnne Gilmartin, has appointed Andrew Staniforth as co-head of development. Staniforth shares the role with Aida Stoddard, who joined the company in 2023.
Staniforth brings prior experience working with Gilmartin. He will oversee development projects across MAG's portfolio spanning New York City and other major metropolitan markets.
The hire reflects MAG Partners' expansion of its leadership bench as it pursues development opportunities in prime real estate markets. Staniforth's appointment signals the firm's commitment to scaling operations across multiple cities while maintaining hands-on oversight of individual projects.
For buyers and investors tracking MAG's activity, the leadership restructuring matters. Two co-heads typically means clearer accountability on project timelines and deliverables, particularly in New York where the developer operates in both residential and mixed-use segments. The addition of experienced personnel also suggests MAG is preparing to advance projects currently in planning or early construction phases.
Staniforth's background working directly with Gilmartin suggests continuity in the firm's development philosophy and deal-making approach. His role alongside Stoddard creates a dual-leadership structure that can divide geographical or project-type responsibilities, potentially accelerating deal flow.
For developers and brokers in competing firms, this move indicates MAG is actively competing for talent and capital to fuel growth beyond New York. Markets like Miami, Boston, and Washington D.C. have attracted major developers in recent years, and MAG's expansion of development leadership hints at ambitions in secondary markets as well.