At J Street, Balaban is charged with joining the J Street team in
building and diversifying the
firm’s development and investment business.
Balaban previously co-founded SB-Urban, a firm dedicated to Balaban’s "Urban Suites", rental apartment communities consisting entirely of furnished studios, served by socially interactive shared living spaces, available for flexible lease terms. During Balaban’s term as President, the company and its affiliates acquired, entitled, and readied for construction three Urban Suites projects in ultra-prime infill locations in Washington DC: 92 units in the Stanford White-designed Patterson Mansion on Dupont Circle (delivering 2017); 125 units on historic Blagden Alley in Shaw (commencing construction 2017) and 142 units in the former Latham Hotel (sold above acquisition cost, pre-development).
Prior to forming SB-Urban, Balaban was associated since 1994 with LA-based Lowe Enterprises, a national advisory, investment, and development firm, managing its East Coast office in DC while serving as a member of the firm's Executive Committee. That team acquired and executed over $1 billion of projects in metro DC including: the re-development of the Air Rights Center in Bethesda, three office buildings totaling 720,000 square feet with ancillary retail; Chevy Chase Pavilion, a mixed use project including hotel, office, and retail on top of the Friendship Heights Metro; CityVista, a market-leading and trend-setting $250 million mixed-use project with apartments, condos, and an "urban Safeway" grocery store; and the 1,100-room Washington Hilton hotel for which entitlements were extensively revised to permit a 200-unit residential component, which delivered as the market-leading Hepburn in 2016. From 1988 to 1994 Balaban was the Acquisitions Officer for Washington REIT.
Prior to receiving his MBA from Wharton 1988, Balaban held positions as a practicing architect and development consultant in the Boston area, following his award in 1975 of a Masters in Architecture from the Harvard Graduate School of Design. He was registered as an Architect in the Commonwealth of Massachusetts. Balaban has a BA from Kenyon College.