Louis R. Cappelli

Louis R. Cappelli (born c. 1951) is an American real estate developer. He is a real estate developer most active in Westchester County, New York. Cappelli has constructed, designed and developed more than twenty million square feet of mixed use, retail, residential, office, medical and parking facilities throughout the northeast, with a portfolio value exceeding $3 billion. His firm, Cappelli Enterprises, operates out of Valhalla, New York.

Cappelli graduated with a Bachelor of Science in Civil Engineering in 1973 from Notre Dame University.[1]

Many have credited Cappelli with single-handedly reviving the downtown districts of New Rochelle and White Plains with his targeted large scale mixed-use developments.[2] Between 2001 and 2008, Cappelli developed White Plains City Center, Trump Plaza New Rochelle, The Ritz-Carlton Hotel in White Plains,[3] The Residences at The Ritz-Carlton, Westchester, The Lofts at New Roc, Trump Parc Stamford, and Trump Park Residences in Yorktown. Cappelli Enterprises has also received approvals for The Ritz Carlton Hotel and Residences in Stamford, Connecticut as well for River Park Center, a 4,000,000-square-foot (370,000 m2) mixed use development in the heart of downtown Yonkers.

Cappelli's father, Luca Cappelli, founded the company's predecessor real estate and development businesses from scratch (portions of which were sold to Reckson Properties). Cappelli's son is a vice president within his organization.

Cappelli is the second largest stockholder in Empire Resorts[4] which operates the Monticello Racetrack and racino. Cappelli is also currently in the process of building a casino with Mohegan Sun [5] on the site of the Concord Resort Hotel (estimated cost between $600 million and $700 million in Phase I, and over $1 billion it total). It is slated to be one of the largest development projects in the history of upstate New York.

References

  1. ↑ http://investing.businessweek.com/businessweek/research/stocks/private/person.asp?personId=28957593&privcapId=24895663&previousCapId=4008586&previousTitle=EMPIRE%20RESORTS%20INC
  2. ↑ Bagli, Charles V. (2007-07-08). "Building Up, Downtown - New York Times". Nytimes.com. Retrieved 2011-07-12.
  3. ↑ Lefkowitz, Melanie (2011-05-27). "White Plains Core Grows - WSJ.com". Online.wsj.com. Retrieved 2011-07-12.
  4. ↑ "NYNY Ownership, institutional ownership, 5 % ownership - MSN Money". Moneycentral.msn.com. 2010-12-13. Retrieved 2011-07-12.
  5. ↑ Whitehouse, Kaja (2011-07-07). "Mohegan sums". New York Post.