Stanley Chera, real estate developer
Stanley Isaac Chera–an American real estate developer and founder of Crown Acquisitions ‑ died on April 11, 2020 due to complications brought on by COVID-19.
Chera was born in 1942 in Brooklyn to a Syrian Jewish family. In 1947, his father Isaac Chera opened a retail store called Young World in Brooklyn, New York. The family later purchased the building and grew Young World into a chain purchasing the buildings as they expanded.
In the 1980s, Chera (then in charge of the family company) started purchasing real estate in New York City at first as a minority partner and later in 2000s as the lead developer. Chera was known for developing or "repositioning" the retail portion of his buildings and then selling the property.
In a join...