Louis R. Cappelli
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Louis R. Cappelli (born c. 1951) is an American businessman. He is an active real estate developer, mostly 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.
Cappelli has had an integral role in 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 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 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 in total). It is slated to be one of the largest development projects in the history of upstate New York.
Cappelli is married to actress Kylie Travis.
Not to be confused with Louis J. Cappelli (born 1931),chairman of Sterling Bancorp.
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