Today’s ‘Five Minutes With’ features Awards for Excellence finalists and brothers Jack and Michael Cayre of Midtown Equities. Check out their Q&A as they express their admiration for their father Joseph Cayre, who taught them the ins and outs of the business. Midtown Equities is nominated for an Award in the Repositioning or Redevelopment category for its work on Empire Stores in Brooklyn.
Who has had the greatest influence on your career and what was the best advice he or she gave you?
“The greatest influence on our career is our father, Joseph Cayre. He’s always been an incredible businessman and positive authority throughout our lives. Our father taught us that in business it’s not about selling things, but rather selling yourself. Having seen our father be involved in so many different companies growing up, from a record label to a real estate development firm, he showed us that anything is possible as long as you work hard.”
What qualities do you think are essential to be an effective leader?
“The most important intel our father left us with on how to be an effective leader was before you ever give your word or make a promise, think it through. You always should hold up to giving your word, so be careful. For those times that you do give your word or make a commitment, you always need to follow through.”
“Being nominated for the ULI New York award is such an honor. I’m most proud about what Empire Stores brings to the DUMBO neighborhood. It’s not just an office space, or just a restaurant or just a retail store. It’s a home for all. We created a community. We have tenants such as West Elm’s headquarters, Soho House’s new Dumbo House, a museum from Brooklyn Historical Society, Shinola and VHH Food, just to name a few. We are also proud of the way we preserved the building’s rich history as a Civil War era coffee warehouse. We worked alongside our architects to restore the 450-foot facade and maintain original details such as the schist walls and pine pillars, which we have incorporated into the overall design. You still get a sense of the history of the space while also experiencing the new.”