Steven P. Polivy 10YEARSAWARDED

Steven P. Polivy

recognized lawyers icon Recognized in Best Lawyers since 2013
Awarded Practice Areas
Real Estate Law
Steven P. Polivy
Steven P. Polivy
New York, NY
Works at
Akerman LLP

248 Best Lawyers awards

Akerman LLP logo

Biography

Steve Polivy serves as chair of Akerman’s Economic Development and Incentives Practice. He represents developers, international investors, Fortune 500 companies, and other real estate end-users in securing crucial government incentives and tax benefits for major urban redevelopment and corporate relocation projects.

He helps clients to obtain funding through federal programs such as the EB-5 Immigrant Investor Program and the New Market Tax Credit Program, as well as complex tax-exempt financing and other city and state tax credits. His practice also includes the representation of financial institutions that act as lenders, underwriters, and placement agents, or that serve the function of letter of credit issuers, liquidity providers, or trustees, with respect to tax-exempt and taxable debt for real estate, industrial, and economic development projects, and municipal financing generally.

Steve’s projects include major transportation hubs, mixed-use developments, warehouse and distribution centers, corporate offices, hotels, and retail shopping venues. In the aftermath of 9/11, he helped clients secure special bond financing made available for rebuilding efforts in New York. He also has experience working with nonprofit organizations – such as the New York headquarters of the American Cancer Society, and Yeshiva of Flatbush among other private schools, and charitable organizations – on their tax-exempt financings.

Steve serves as the co-chairman of the board of directors for The Jewish Braille Institute and as co-chair of the Benjamin N. Cardozo School of Law Real Estate Alumni Group and is a past board member of the United Nations Development Corporation and the New York metropolitan council of the Urban Land Institute.

Works at
Akerman LLP

248 Best Lawyers awards

Akerman LLP logo

Locations

Education

  • Vassar College, AB, graduated 1977

Bar Admissions

  • New York, New York State Bar Association

Court Admissions

  • U.S. District Court, Southern District of New York
  • U.S. District Court, Eastern District of New York

Affiliations

  • Cornell University Parent's Committee - National Co-Chairman
  • Jewish Braille Institute International - Vice Chairman, Chairman of Investment Committee
  • United Nations Development Corporation - Board Member, Finance Committee Member
  • Urban Land Institute - New York Regional District Council Member

Client Testimonials

Awards & Focus

Recognized in The Best Lawyers in America® 2027 for work in:
  • Real Estate Law
Additional Areas of Practice:
  • Economic Development Law
Special Focus:
  • Government Incentives
Awards:
  • Super Lawyers Magazine 2007-2011, 2014-2015, Listed in New York for Real Estate
  • The Legal 500 2012, 2014-2015, Recommended for Real Estate & Construction - Real Estate

Additional Information

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Case History

Transactions
  • George Washington Bridge Bus Terminal
  • Representation of developer for the redevelopment of the George Washington Bridge Bus Terminal to include modern retail facilities, servicing both the commuter and neighborhood.
  • Financing of the project was through funding by foreign investors via the EB-5 Pilot Program.
  • BFC Partners St. George Outlet Center
  • Negotiation of 99-year ground lease and predevelopment agreement for this 350,000 square foot outlet center to be located between the Staten Island Ferry Terminal and the Staten Island Yankees Stadium.
  • This project has been highlighted by the Mayor as one of the most significant projects to be completed prior to the end of the Mayor's term.
  • Jetro Cash & Carry Enterprises
  • Representation of the company in the acquisition, financing, and approval process as well as obtaining federal, state, and city incentives for the construction of a 200,000 s.f. facility for this wholesale distributor to groceries and restaurants, located in the Oak Point section of the South Bronx.

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