NEW YORK, NY (October 14, 2025) – The Domain Companies (Domain), one of the nation’s leading real estate development and investment companies, today announced the acquisition of The Vorea Group (Vorea), a multifaceted New York-based real estate company. The acquisition includes Vorea’s development operations as well as its affiliates: Igloo, a commercial real estate brokerage with a focus on food and beverage, retail, creative office, and maker space; and Vorea Construction Company (VCC), a full-service general contractor. The Vorea Group’s existing real estate assets are not included in the transaction and will be retained as Peter Papamichael’s Family Office.
The transaction creates a powerful partnership that will expand Domain’s existing capabilities, enhancing vertical integration, and accelerating growth in New York City and beyond.
“Domain and Vorea have had a longstanding relationship as partners on several significant projects, and this transaction is a seamless strategic decision, enabling us to build upon the successes we have shared over the past decade,” said Chris Papamichael, Co-CEO at Domain Companies. “Vorea Construction and Igloo perfectly compliment Domain’s existing businesses, empowering us to create best-in-class assets that will have a lasting impact in neighborhoods throughout New York City.”
“This milestone is a testament to our team’s successful track record of delivering world-class projects over the past 16 years, and joining Domain is an exciting step forward,” said Peter Papamichael, Founder and Principal of The Vorea Group. “By joining Domain, we bring Vorea’s entrepreneurial spirit and proven expertise into a broader platform — together we amplify our reach, innovate boldly, and set a new standard for transformative projects in our core markets.”
Building on Domain and Vorea’s partnership developing successful mixed-use projects in New York City, Vorea and its affiliates will integrate with Domain’s established verticals, which include: real estate development and investment division; multifamily and commercial property management; Good Company, an affiliate that offers a comprehensive slate of vertically integrated pre-development planning, leasing, marketing, and management services; and The Shop, a co-working and creative office operating platform. The addition of Vorea and its affiliates improves Domain’s vertical integration, enabling the company to enact all facets of development and construction under one roof.
With the added functionality of Vorea, Domain plans to continue its national focus while accelerating growth in New York City. Founded by Matt Schwartz and Chris Papamichael in 2004, Domain has successfully executed over $2.5 billion of impactful, mixed-use real estate across a diverse range of product types and markets. Domain has a robust New York City portfolio with several new developments in high-growth neighborhoods, including Long Island City, Greenpoint, Gowanus, and Mott Haven, and continues to look for new opportunities city-wide. Domain’s NYC pipeline includes nearly $2 Billion in new projects, including the next phase of Greenpoint Landing, a 1,000-unit development anticipated to break ground in mid-2026. Additionally, Domain has several significant projects in New Orleans and Salt Lake City spanning multifamily, hospitality, office, life sciences, dining and entertainment.
Leadership and Integration
● Matt Schwartz and Chris Papamichael, Co-CEOs at Domain, will continue to oversee the company’s overall management.
● Aaron Amitin will remain Chief Operating Officer, and Vincent Keeler will remain Chief Financial Officer.
● Peter Papamichael will become the Executive Managing Director, leading new development acquisitions and business development across all verticals.
● Vorea’s New York City development team will join Domain’s existing team. Steven Ohnemus will become Director of Constructability, Jared Lewis will become a Senior Development Manager, and Natalie Johnson will become Director of People and Culture for the combined company.
● VCC will continue under the leadership of Sebastiaan Parys (President), John Mazzeo (Vice President of Pre-Construction), and Pat Feehan (Vice President of Construction). The team will construct Domain’s new development projects and continue to expand its third-party general contractor services.
● Igloo, led by co-founder Adam Joly, Managing Director, will focus on placemaking and scaling retail leasing services across mixed-use projects. Domain envisions Igloo complementing its Good Company leasing platform in providing full strategic and leasing support across mixed-use developments in New York.
● Good Company will remain led by Aaron Amitin (COO), Jason Hill (Marketing Director), and Chris Wendel (Leasing Director), continuing to oversee leasing and marketing strategy while expanding third-party services. For information about The Domain Companies, please visit www.thedomaincos.com.
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About The Domain Companies The Domain Companies is one of the nation’s leading real estate development and investment companies specializing in sustainable, mixed-use development. Since its founding in 2004, Domain has been involved in over $2.5 billion of impactful, mixed-use real estate across a diverse range of product types and markets https://thedomaincos.com/.
