Meet the Key Players
The Witkoff Group is a prominent player in the Miami real estate scene, led by a dynamic team of high net worth individuals who are making waves in the industry. Here’s a closer look at the key figures behind the company.
Steven Witkoff
Steven Witkoff is the Founder, Chairman, and Co-Chief Executive Officer of Witkoff, a real estate firm established in 1997. He has successfully led the financing, repositioning, and construction of over 70 properties both in the U.S. and internationally. Known for his strategic investments, Witkoff has acquired iconic landmarks such as the Woolworth Building and the Daily News building in New York. His journey in real estate began with Stellar Management in 1985, focusing on New York tenements during a booming era for the city’s real estate market (The Forward).
Alex Witkoff
Alex Witkoff serves as the Co-Chief Executive Officer at Witkoff. His role encompasses overseeing all development activities and operations. He is recognized for implementing innovative strategies across various asset classes, with current projects involving residential, hotel, and transit-oriented developments.
Scott Alper
Scott Alper holds the position of President and Chief Investment Officer at Witkoff. He has been connected with the firm since its inception in 1997 and manages all investments, operations, and financing activities. His primary focus has been overseeing investments in residential, hospitality, and office sectors, contributing to Witkoff’s diverse portfolio (Witkoff).
James Stomber
James Stomber is the General Counsel for Witkoff, bringing invaluable experience since the company’s founding. He is responsible for managing all legal affairs, including acquisitions, construction disputes, dispositions, joint ventures, and financing agreements. Stomber’s legal expertise has been crucial to the firm’s successful operations.
Lauren Witkoff
Lauren Witkoff serves as the Executive Vice President of Sales & Marketing at Witkoff. In her position, she spearheads all sales and marketing initiatives, particularly focusing on creating new condominium projects. Some of her successful marketing campaigns include high-profile developments like 515 East 72nd Street and 150 Charles Street (Witkoff).
This team of high net worth individuals, led by Steven Witkoff, plays a pivotal role in shaping Miami’s real estate landscape. For more insights into other high net worth people in Miami, explore the profiles of influential figures like Rishi Kapoor and Jeffrey Soffer.
Witkoff’s Real Estate Ventures
Steve Witkoff has made considerable strides in the real estate industry, particularly through his ambitious projects in Miami and beyond. Here’s a closer look at some of his most notable ventures.
Woolworth Building Restoration
Witkoff undertook the meticulous restoration of the Woolworth Building in Manhattan, showcasing his commitment to preserving historical landmarks. The restoration included careful revitalization of the façade and lobby, which helped enhance the building’s visual appeal. The Woolworth was designated as a National Historic Landmark in 1966 and a New York City Landmark in 1983. Witkoff also secured necessary permits for residential development on the upper floors, expanding the building’s utility and presence in the city.
Daily News Building Overhaul
Acquired in 1996, the Daily News Building is a 1.2 million square foot skyscraper in Midtown Manhattan. Post-acquisition, Witkoff implemented a complete overhaul of the building’s operations, significantly boosting occupancy rates to 100%. This project attracted major tenants, including Omnicom, one of the world’s largest advertising agencies, and highlighted Witkoff’s capability in revitalizing large commercial properties.
Devonshire House Redevelopment
In 2007, Witkoff acquired Devonshire House in London’s West End. After an extensive redevelopment process, the property was transformed into a premier office space. High-profile tenants, such as Bain Capital and the Boston Consulting Group, were drawn to the location, affirming its desirability. Witkoff sold the property in 2013 at a record price per square foot for an office building in the Western Hemisphere, marking a successful investment.
Hilton Cabana Miami Beach Project
Witkoff’s footprint in Miami is further emphasized by the completion of the Hilton Cabana Miami Beach project. This beachfront hotel, featuring 231 rooms, was developed after Witkoff purchased a note and gained possession through foreclosure in 2011. The project earned him an award from Hilton for the top conversion of the year, reflecting the quality of his development work (Witkoff).
One High Line Luxury Residences
One High Line is another luxury project nestled between the Hudson River and the High Line in West Chelsea. This exclusive collection of residences is part of Witkoff’s portfolio of luxury properties, showcasing his inclination towards high-end developments that meet the demands of discerning buyers.
These ventures illustrate Steve Witkoff’s significant impact on the real estate landscape, particularly in Miami, and his versatility in handling different types of properties. For additional insights into other high net worth people and their influence in the region, feel free to explore further.
Key Collaborations and Projects
Steve Witkoff has made significant strides in the real estate market through various collaborations and projects. Here’s a look at some of his key ventures.
Shell Bay Club in Miami
Witkoff partnered with PPG Development to launch the Shell Bay Club, marking the first new private golf club in the Miami area in more than two decades. This luxurious project aims to cater to the region’s high net worth individuals, offering exclusive amenities and a premier golfing experience.
Acquisition of Banyan Cay Resort & Golf Club
In a notable move, Witkoff and Len Blavatnik’s Access Real Estate took over the troubled Banyan Cay Resort & Golf Club project located in West Palm Beach. They secured a substantial $75 million loan to revitalize the project and turn it into a sought-after luxury destination.
| Project | Investment Description | Amount |
|---|---|---|
| Banyan Cay Resort | Secured Loan | $75 million |
Stalled XI Condo Project Resurrection
Witkoff’s firm, along with Access Industries, acquired the stalled XI Condo Project, which was originally presented by HFZ. This ambitious project aims to breathe new life into the halted development, attracting buyers looking for luxury condos in a prime location.
The West Hollywood EDITION Hotel & Residences
The West Hollywood EDITION Hotel & Residences is another significant project. Located in California, this high-rise building embodies a quintessential Californian experience. It features luxury condominium amenities that are new to Los Angeles, appealing to both residents and visitors.
111 Murray in Tribeca, New York
In New York, 111 Murray stands out as a remarkable development. This project is celebrated for its bold use of organic materials, elevated architectural detail, and premium craftsmanship. It aims to provide residents with unique living experiences and unparalleled amenities, making it an iconic addition to NYC’s skyline.
| Project | Location | Features |
|---|---|---|
| 111 Murray | Tribeca, NYC | Luxurious homes, premium craftsmanship |
Each of these projects showcases Witkoff’s commitment to enhancing the real estate landscape, particularly in desirable locations that attract high net worth residents. For more insights into notable high net worth individuals, check out our article on high net worth people.
Real Estate Donations and Political Influence
Steve Witkoff has made a significant impact in both the real estate industry and the political landscape in recent years. His contributions and affiliations with various political figures showcase his influence and connections.
Contributions to Trump’s Political Groups
Since 2021, Witkoff has contributed over $437,410 to Trump and related entities. This financial support indicates his strong alignment with Trump’s political agenda.
| Year | Amount Contributed | Recipient |
|---|---|---|
| 2021 | $XXX | Trump PAC |
| 2022 | $XXX | Trump Campaign |
| 2023 | $XXX | Trump-affiliated Entities |
| Total | $437,410 | – |
Fundraising for Ron DeSantis
In addition to his support for Trump, Witkoff has also shown financial backing for Ron DeSantis, donating a six-figure sum to the Governor’s campaign. This dual endorsement illustrates Witkoff’s strategic approach to maintaining influence with multiple political figures. He has given generously over $2 million to Trump’s political action groups (The Forward).
| Election | Amount Donated |
|---|---|
| Trump | Over $2 million |
| DeSantis | Six figures |
Testimony at Trump’s Fraud Trial
Witkoff’s political ties were highlighted when he was called to testify at Trump’s fraud trial, demonstrating his involvement in significant legal matters surrounding the former president. The nature of his testimony indicates the level of trust and closeness he has shared with Trump, providing insights into their mutual dealings.
Past Donations and Political Alignment
Witkoff’s history of contributions to various political campaigns reveals his strategy of aligning with influential figures in order to bolster his own business interests. His past donations suggest a pattern of backing candidates and causes that align with his views and goals in the real estate sector.
In summary, Steve Witkoff’s contributions and political involvement underscore his role as a significant high net worth individual in Miami. Residents interested in learning more about other notable figures in the area can explore the profiles of high net worth people and their extensive impacts in various sectors.
Insights into Steve Witkoff
Witkoff’s Early Successes
Steve Witkoff, the founder of the Witkoff Group, made his mark in the real estate industry by purchasing iconic properties such as the Woolworth Building and the Daily News building in New York. He began his career in real estate by starting Stellar Management with a partner in 1985, focusing on New York tenements in Harlem, Washington Heights, and the Bronx during a thriving period for Wall Street and the real estate market. His ventures established his reputation as a key player in New York real estate, laying the groundwork for future successes.
| Year | Notable Event |
|---|---|
| 1985 | Started Stellar Management |
| 1995 | Acquired 10 Hanover Square |
| 1998 | Profiled in The Wall Street Journal |
Witkoff’s Profile in The Wall Street Journal
In 1998, Witkoff was featured in a profile by The Wall Street Journal, highlighting his success in the industry. Although the piece shed light on his accomplishments, Witkoff resented the depiction of him as an overextended speculator in his early years. Interesting personal details emerged, including his fondness for “Godfather” movies and his unusual habit of carrying a licensed handgun on his ankle.
Trump Relationship and Tax Advisory
Witkoff has maintained a close relationship with Donald Trump, which includes providing tax advice. His involvement extended to testimony at Trump’s fraud trial, where he discussed the undervaluation of Trump’s Doral golf course in Miami, although the judge ruled the testimony irrelevant to the case. Witkoff has also actively contributed over $2 million to Trump’s political action groups, solidifying their partnership further.
Personal Experiences with Trump
Witkoff has perceived Trump as a significant figure in his business trajectory, sharing personal insights about their relationship. This connection grants Witkoff a distinct position in the narrative of high net worth individuals within Miami, aligning him with other robust personalities like Jeffrey Soffer and Barry Sternlicht.
Understanding Steve Witkoff’s background, his prominent ventures, and his political affiliations provides a clearer picture of his influence among high net worth individuals in Miami. For further reading on other notable figures, explore those listed as high net worth people.
Recent Events and Incidents
Attempted Assassination of Trump
Recently, an incident involving the attempted assassination of former President Donald J. Trump occurred at his golf course in West Palm Beach, Florida. The suspect, Ryan W. Routh, was arrested after being spotted entering the woods near the golf course half a day earlier. Cellphone data later confirmed his presence in the vicinity for hours prior to the incident.
Suspect Ryan W. Routh’s Background
Ryan W. Routh is notable for his unconventional views, as evidenced in a self-published book where he referred to Trump as a “buffoon” and debated the ethics of assassination. His writings indicated a strong passion for the situation in Ukraine and even suggested that readers might feel free to take extreme actions against Trump. Prior to this incident, Routh had been under scrutiny from the FBI due to a 2019 investigation linked to possession of a firearm as a felon; however, the case was closed due to insufficient evidence.
Details of the Assassination Attempt
The attempted assassination drew serious concern when a loaded SKS semiautomatic rifle was discovered at Trump’s golf course. This weapon, found propped on a fence with a telescopic sight, had not been fired during the incident. The circumstances surrounding the incident raised alarms about security protocols in place at the golf club and the overall safety measures being undertaken by the Secret Service.
FBI Investigation and Secret Service Oversight
In the aftermath of the assassination attempt, questions were raised regarding the Secret Service’s procedures. It was reported that they did not search the perimeter of Trump International Golf Club before the former president began his golf round, highlighting potential gaps in security preparedness (New York Times). The FBI is currently investigating these lapses and the details surrounding the incident.
This event is a significant point of discussion among Miami residents interested in the lives of high net worth individuals and the security challenges they face.
