Ceruzzi Properties is a full-service company engaging in all facets of real estate operations including project development, ownership, leasing, construction and property management. Founded in 1988, Ceruzzi Properties has developed over 10 million square feet of apartments, hotels, offices, shopping centers and apartment/condominium units throughout the United States.
With its long track record of success, highly skilled and dedicated team and extensive pipeline of world class Manhattan developments, Ceruzzi Properties is one of New York's most active real estate developers.
Ceruzzi has completed more than 500 lease transactions and developed relationships with notable tenants including Merrill Lynch, JP Morgan-Chase, Fidelity, Ritz Carlton Hotels, Marriot Hotels, Hilton Hotels, Home Depot, Target, Costco, Stop & Shop, Wal-Mart and Lowe’s Home Improvements, among numerous others.
Ceruzzi Properties and its principals have established a credible portfolio, partnering with companies including Ritz Carlton (600,000 SF), Starwood Capital, Shanghai Municipal Investment, Oxford Condominiums and Knickerbocker Condominiums, and developing high-rise residential projects in New York. The company retains real estate professionals specializing in numerous disciplines including construction, entitlements, leasing, marketing, management and finance.
Louis L. Ceruzzi, Jr. founded Ceruzzi Properties in 1988 and served as its president until his passing in 2017. Throughout his 30 years of leadership, Lou successfully led the Company through multiple iterations and strategies in varying market conditions. Initially, Ceruzzi Properties was an independent real estate development firm specializing in commercial and retail development projects throughout the Northeast U.S. In the mid-1990s, Lou launched a real-estate opportunity fund with Starwood Capital, Starwood-Ceruzzi, focused on developing retail "power centers” throughout the Northeast and Mid-Atlantic. This successful venture culminated in the early 2000’s and Lou began transitioning the Company into the Manhattan real-estate market. To date the Company has many successful investments to its credit in and is currently undertaking significant investments in properties and ground up development projects in excess of 950,000 square feet in various stages of permitting and construction in both commercial and residential sectors throughout the city. To his credit Lou ensured continuity by empowering a strong management team to carry on his legacy. The Management Team is proudly realizing Lou’s vision by fortifying investments in Manhattan high-rise residential and commercial; national, urban hospitality; and national student housing.