Longtime Cappelli Exec. Apicella Moves to MacQuesten Companies

John Jordan | March 3, 2015

Screen Shot 2015-08-07 at 5.14.12 PMPELHAM, NY—For almost 20 years Joseph Apicella was developer Louis Cappelli’s right-hand man during the approval process for just about all of the firm’s high-profile projects in Westchester County.

The residential development firm The MacQuesten Companies has announced that Apicella has left Cappelli’s firm and has joined the Pelham-based company as its managing director of development.

The former executive vice president for Valhalla-based Cappelli Enterprises, Apicella played pivotal roles in the development of The Ritz-Carlton, Westchester Renaissance Square, a 1.4 million square-foot complex in downtown White Plains that includes a 43-story tower, the tallest building in Westchester County; City Center White Plains, which includes the 212-unit Trump Tower high-rise and an 18-screen National Cinema Deluxe movie multiplex; Trump Plaza New Rochelle—that city’s tallest building; and the Trump Park Residences Yorktown. The combined value of those projects exceeds $2 billion.

“Joe is one of the most knowledgeable and talented development professionals in the New York Metropolitan area,” said Rella Fogliano, president of The MacQuesten Companies. “He brings a wealth of experience and know-how to the MacQuesten Companies, and I know that with Joe on board, we will be even more successful at bringing affordable and middle-income housing to a region that needs it.”

Apicella has experience in real estate acquisition, securing financing, obtaining government approvals and construction. Previously, he served as downtown development manager for Yonkers in the early 1990s, where he coordinated the creation of the Yonkers Downtown Waterfront Master Plan.

“At MacQuesten, we’ll be developing projects from the ground up, which is what I’ve done for the better part of 25 years,” Apicella said. “I bring another ingredient to the table— the understanding and the knowledge that comes with the successful completion of both mid-rise and high-rise housing.”

The MacQuesten Companies, which includes MacQuesten Construction Management, LLC and MacQuesten Development, LLC, specializes in financing, designing and construction management of multi-family, affordable housing and commercial properties, which are then privately held by affiliated companies.

The company has developed 11 buildings and 1,500 units of affordable housing in New York City and Westchester County since 1992. Among its more notable developments include Heritage Homes in New Rochelle, a $72-million, three-phase, 228-unit housing project being developed in partnership with the New Rochelle Municipal Housing Authority.

Apicella said that he has fond memories of his time at Cappelli Enterprises and the developments the firm was responsible for in New Rochelle and White Plains for example.

“I hasten to think what downtown New Rochelle and downtown White Plains would have looked like but for Louis Cappelli,” he said.

John Jordan
Editor, Real Estate In-Depth