Louis R. Cappelli
Encyclopedia
Louis R. Cappelli 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.
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 . Between 2001 and 2008, Cappelli developed White Plains City Center, Trump Plaza New Rochelle, The Ritz-Carlton Hotel in White Plains , 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 4000000 square feet (371,612.2 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
which operates the Monticello Racetrack and racino. Cappelli is also currently in the process of building a casino
with Mohegan Sun 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.
Westchester County, New York
Westchester County is a county located in the U.S. state of New York. Westchester covers an area of and has a population of 949,113 according to the 2010 Census, residing in 45 municipalities...
. 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
Valhalla, New York
Valhalla is an unincorporated hamlet and census-designated place that is located within the town of Mount Pleasant, New York, in Westchester County. Its population was 3,162 at the 2010 U.S. Census...
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Cappelli graduated with a Bachelor of Science in Civil Engineering in 1973 from Notre Dame University.
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 . Between 2001 and 2008, Cappelli developed White Plains City Center, Trump Plaza New Rochelle, The Ritz-Carlton Hotel in White Plains , 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 4000000 square feet (371,612.2 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
Empire Resorts
Empire Resorts is a company that owns the Monticello Raceway racino in the Catskill Mountains from New York City.Headquartered in Monticello, New York, Empire is 78.6% owned by Kien Huat Realty Sdn Bhd of Kuala Lumpur, Malaysia.-History:...
which operates the Monticello Racetrack and racino. Cappelli is also currently in the process of building a casino
Casino
In modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions...
with Mohegan Sun on the site of the Concord Resort Hotel
Concord Resort Hotel
The Concord Resort Hotel was a world-famous destination for visitors to the so-called Borscht Belt part of the Catskills, known for its large resort industry in the 1950s, '60s, and '70s. Located in Kiamesha Lake, New York, the Concord was the largest resort in the region until its closing in 1998...
(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.