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Peter Palazzo

Cappelli Enterprises Inc

President, LRC Construction

Job Functions: Executive, Design & Construction, Development


Mr. Palazzo has over thirty years experience in the construction and development industry. Although he’s primarily been involved in logistically challenging high-rise projects in the New York metropolitan area, he’s worked throughout the US and on consulting assignments in Israel, South Korea, and Saudia Arabia. An undergraduate civil engineer with a Master’s in Construction Engineering from Columbia University, Mr. Palazzo started his career with a heavy/civil company, but began working in building construction shortly thereafter. He spent over fifteen years with HRH Construction, rising from project manager to Managing Director of the firm. For the last twelve years he’s been President of both Fuller Construction and Fuller Development in New York.Following is a partial list of projects:MIXED USE RESIDENTIAL – RETAIL/HOSPITALITY Renaissance Square – The Ritz Carlton Westchester/Cappelli Enterprises – $500M, 1.4M sf development including 148 room hotel, banquet facilities, pool, spa, business center, specialty restaurants and over 300 luxury condominiums in two 44 story towers.Trump Parc Retail and Residential – New Rochelle, NY/Cappelli Enterprises $140M, 360,000 sf project with a 130,000 sf retail base and 187 luxury residences.City Center – White Plains, NY/Cappelli Enterprises – $400M, 1M sf entertainment and residential complex featuring a retail shopping mall and two residential buildings including Trump Tower White Plains.Trump International Hotel and Tower – NY, NY/General Electric-Galbreath-Trump – Conversion of the existing 45 story Gulf & Western Building into a 15 story hotel overlooking?Central Park with 30 floors of high end tower residences above. Exterior designed by Philip Johnson.RESIDENTIAL 5 Pointz Towers- Long Island City, NY/G&M Realty LP – $350M 1.2M sf residential development with over 1100 luxury apartments in two towers, one 48 stories and the other 41 stories, over a common base with amenities145 West St – Greenpoint, Brooklyn,NY/Palin Enterprises – Mack Realty $275M 800,000 sf condo/rental complex along the East River Ritz Carlton Residences- North Hills, Long Island/RXR Realty – $120M ultra-luxury condominium development in North Hills, Long Island?Over 100 expansive units in four architecturally magnificent buildings, with a 25,000 sf chateau style clubhouse with ballroom/meeting room and gym/spa.55 Bank St.-White Plains, NY/LCOR – $119M rental complex with 288 units over an amenities deck with outdoor pool Trump Parc Stamford, Connecticut/Cappelli-FD Rich – 35 story $110M building with 166 condominiums and a full range of amenities including pool, media center, children’s room and parking garage.The Heritage, Building “A” – Riverside South, NY, NY/Trump New World – $140 M, 170 unit luxury building at the intersection of 72nd and Riverside Boulevard built over the existing operating train lines.One Carnegie Hill, 215 E.96th St., NY, NY/Related Properties – A 40 story rental and condominium building adjacent to the mosque on Third Ave. designed by Ismael Leyva.Trump Park Residences, Yorktown, NY/Cappelli -$50 M low-rise 141-unit luxury residence with extensive grounds including walking trails, pond and outdoor pool.The Residences at Jefferson Place, White Plains, NY/JPI – $65M, 281-unit rental and condominium complex with parking garage.Stonegate at Bellefair, Rye, NY/Forest City Daly – 166-unit senior residence with resort style amenities including restaurant, lounge, health club, hair salon, theater and spa.The Grand Beekman, 400 E 51st St., NY, NY/Alexico Management – 33 story 89 unit building at the corner of First Ave. and 51st designed by Costas Kondylis.Bank Street Commons, White Plains, NY/LCOR – $100M, 720,000sf rental complex with parking garage and indoor pool, fitness center, etc.Roy-Al Rental, 340 E. 29th St./Kalimian Development 16 story, 112,000 sf rental bulding with 125 apartments.Vesta 24, 231 10th Ave., NY, NY/Vesta Partners – 14 story condominium with unique panelized façade.Mayfair Hotel Conversion, 610 Park Ave., NY, NY/Colony Capital-Trump -Existing 200,000 sf hotel converted to 70 luxury residences with complete renovation of historic façade and lobby.Vesta 17, 201 W 17th St., NY, NY/Vesta Partners-HuDu Development – 89,000 sf 12 story condominium with 37 units adjacent to subway line along 7th Ave.Boutique/Extended Stay Hotel :Hotel Giraffe/Elysee Management-Kallan Hotels – Designed by Stephen B. Jacobs, 12 story brick and limestone building at the corner of 26th and Park.The Chambers Hotel/Drucker Hotels – Limestone clad ultra luxury hotel on 56th St. off 5th Ave. with interiors designed by David Rockwell.The Alex/Alexico Management – 33 story extended stay hotel with restaurant at 205 E.45th St. Health Care:Elmhurst Hospital Modernization Project – The largest renovation completed by NYC Health and Hospitals Corporation, included extensive work within the existing facility, new operating suites, radiology department and emergency room as well as a stand-alone ambulatory care building.Lutheran Medical Center Expansion/Calvary Hospital Unit – New cancer care unit within the existing facility along with renovation of existing patient floors.Memorial Sloan Kettering/Surgical Expansion Project – New operating rooms along with pre and post-op space built over existing facility.Retail/Entertainment/Restaurant:H&M Flagship Fifth Ave., NY, NY :J. Crew- Rockefeller Center, NY, NY:Jean Georges, Central Park West, NY, NY:Sea Grill- Rockefeller Center, NY, NY:Cucina- Rockefeller Center, NY, NY:BLT Steak, White Plains, NY :Restaurant 42, White Plains, NYNational Amusements Cinema Deluxe, White Plains, NY:Specialty-Arena, Office, Cultural, Other:Madison Square Garden Renovation Project, NY, NY:Rockefeller Center Retail Renovation, NY, NY:The Austrian Cultural Institute, NY, NY:The Marble Palace Renovation, 280 Broadway, NY, NY:Trump National Golf Clubhouse, Briarcliff, NY:Educational Background:MS Construction Engineering Columbia University ’91 BS Civil Engineering Manhattan College ’87

Areas of Interest

Deal Type
Acquisition, Development, Ground Lease, Loan Purchase, Opportunity Zone, Partner Buyout, Pre-Development, Recapitalization, Refinance, Rehabilitation