Witkoff

What Witkoff does

Witkoff is a privately held, vertically integrated real estate development and investment firm founded in 1993 by Steven Witkoff and headquartered at 233 Broadway in New York, with a regional headquarters in Miami. The firm develops, owns, and operates luxury residential condominiums, hotels and branded residences, private clubs and resorts, and large-scale mixed-use and rental properties across major U.S. markets including New York, Miami, Los Angeles, and West Palm Beach. Over its 30-plus-year history, Witkoff has completed more than 100 transactions spanning over 30 million square feet with aggregate transaction value exceeding $25 billion; notable assets include One High Line (formerly The XI), Shell Bay, The Shore Club Private Collection, 111 Murray Street, The Brook, and the West Hollywood EDITION. The firm is family-controlled, with Alex Witkoff serving as CEO following Steven Witkoff's transition to a U.S. Special Envoy role in the Trump administration.

Witkoff's business model generates revenue through three primary streams: one-time property development and sale of luxury condominiums and branded residences (e.g., One High Line surpassing $1 billion in cumulative sales), recurring rental income from owned multifamily assets (700 North Miami Avenue with 893 units, The Brook with 591 units), and investment management with equity participation alongside institutional capital partners. The firm employs a sales-led go-to-market motion targeting ultra-high-net-worth individuals through dedicated project sales offices, complemented by enterprise-level joint ventures with institutional capital providers and co-developers. Witkoff distributes product through direct sales teams and channel partnerships with luxury brokerages such as Douglas Elliman. Capital relationships with JPMorgan Chase, Apollo, Ares Management, BDT & MSD Partners, and Monroe Capital have underwritten recent financing including a $525 million refinancing of One High Line, $430 million for Shore Club, $273 million for Shell Bay, and $100 million for Dutchman's Pipe & The Belgrove.

Witkoff's core operational technology is its vertical integration capability — in-house teams spanning acquisitions, construction, legal, sales and marketing, and asset management — rather than any software platform. The firm differentiates through brand reputation, established relationships with premier architectural firms (BIG, RAMSA, Kohn Pedersen Fox, John Pawson) and hotel operators (Auberge Resorts Collection, Faena, EDITION/Marriott), and a track record of acquiring and repositioning distressed or under-managed trophy assets.

Name

Witkoff

Legal name

WITKOFF

Website

https://witkoff.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Witkoff is a privately held, vertically integrated real estate development and investment firm that develops luxury residential condominiums, hotels, branded residences, and mixed-use properties serving ultra-high-net-worth individuals and institutional capital partners across major U.S. markets including New York, Miami, and Los Angeles.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Management of Companies and Enterprises (55111), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

akta.pro secondary industries

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF), Real Estate Restructuring, Turnaround & Workout Advisory (Distressed Assets) (BPAJANAH), Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Luxury real estate development
• Commercial real estate investment
• Mixed-use property development
• Hospitality and hotel development
• Residential condominium development

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Property Development and Sales: Develops luxury residential condominiums, hotels, and mixed-use properties for sale to end buyers. Revenue generated from property sales at completion.
2. Rental Income: Holds rental properties including apartment buildings generating recurring rental income
3. Investment Management: Manages real estate investments with equity participation and return generation for partners and co-investors

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Witkoff is a vertically integrated real estate development and investment firm that develops, owns, and operates luxury residential condominiums, branded residences, hotels, rental apartment towers, and mixed-use properties in major U.S. metropolitan markets. The firm generates revenue from condominium sales, rental income from owned residential and hospitality assets, and equity participation in development partnerships with institutional capital providers. Its portfolio spans projects such as One High Line, 111 Murray Street, The Brook, Shell Bay, The Shore Club Private Collection, and the West Hollywood EDITION.

Product overview

Witkoff is a vertically integrated real estate development firm with over 30 years of experience, involved in over 100 transactions comprising more than 30 million square feet in excess of $25 billion in transaction value. The company operates as a single unified offering centered on real estate development, investment, and property management services across residential, hospitality, commercial, and mixed-use asset classes. The portfolio includes luxury residential projects (One High Line, 111 Murray Street, The Brook), hotel and hospitality developments (West Hollywood EDITION, Times Square EDITION, PUBLIC Hotel), resort and club properties (Shell Bay, The Belgrove Resort & Spa, The Shore Club Private Collection), and mixed-use urban developments (700 North Miami Avenue, The Park Santa Monica). Projects span key U.S. markets including New York, Miami, Los Angeles, and West Palm Beach.

Differentiator

Problem solved

Functional benefit

Products and services

• The Shore Club Private Collection A reimagined oceanfront mixed-use development in Miami Beach featuring 49 expansive residences and a 75-key luxury hotel operated by Auberge Resorts Collection, with architecture and residential interiors by RAMSA and hotel interiors by Bryan O'Sullivan Studio. Targeted at ultra-high-net-worth buyers and luxury hospitality guests.
• Shell Bay A 150-acre private luxury enclave in Hallandale Beach, Florida featuring a Greg Norman-designed championship golf course, 108 luxury residences, a 60-key boutique hotel, a private yacht club, racquet club, and 18,000 sq ft spa. Developed in partnership with PPG Development with Auberge-branded residences. Targeted at ultra-high-net-worth buyers and resort members.
• One High Line A 506,000-square-foot architectural landmark twin-tower development in West Chelsea, New York, featuring 235-236 luxury residences and a 120-key Faena Hotel New York. Designed by BIG with interiors by Gabellini Sheppard and Gilles & Boissier. Developed with Access Industries. Targeted at ultra-high-net-worth buyers and luxury hospitality guests.
• Ocean Terrace A mixed-use oceanfront condominium/hotel development in North Miami Beach featuring 54 condominium residences averaging 3,090 sq ft, 22 hotel condominium residences, 42 hotel keys, 165,000 sq ft of residential space, and 15,000 sq ft of retail. Sales supported by Douglas Elliman brokerage. Targeted at ultra-high-net-worth buyers and hospitality guests.
• Dutchman's Pipe & The Belgrove Resort & Spa A luxury resort and private club development in West Palm Beach featuring a 7,287-yard Jack Nicklaus Signature golf course, PGA-level training academy, racquet center, 18,000 sq ft clubhouse, 22 luxury villa residences, and The Belgrove Resort & Spa—a 150-key Marriott Autograph Collection property. Targeted at ultra-high-net-worth members, villa buyers, and resort guests.
• 700 North Miami Avenue A large urban residential rental tower development in Downtown Miami featuring 893 rental residences with 665,000 sq ft of leasable residential space and 20,000 sq ft of retail, designed by Beyer Blinder Belle with interiors by Bonetti Kozerski. Generates recurring rental income.
• The Park Santa Monica A mixed-use development at 500 Broadway in Santa Monica featuring 249 luxury apartments, 55,000 sq ft of retail, and a one-acre rooftop park with panoramic Pacific Ocean views. Designed by Koning Eizenberg Architecture. Targeted at affluent urban renters.
• The Brook A 52-story, 600-foot luxury rental tower at Flatbush Avenue and Fulton Street in Downtown Brooklyn featuring 591 residences (30% affordable housing) and 30,000+ sq ft of amenities including a pool, fitness center, co-working spaces, basketball and pickleball courts, and a sky lounge. Developed as a joint venture with Apollo Commercial Real Estate Finance. Targeted at Downtown Brooklyn renters.
• West Hollywood EDITION Hotel & Residences A luxury hotel and branded condominium development in West Hollywood featuring a high-rise form with panoramic views, designed by John Pawson with branding by Ian Schrager as part of the EDITION Hotels brand. Provides luxury hospitality rooms and branded residences.
• 111 Murray Street A visionary luxury residential tower in TriBeCa featuring glass curvature design that widens as it ascends, luxurious homes with dramatic views, and 20,000 sq ft of amenities including a 75-foot lap pool, spa, and Turkish hammam. Designed by Kohn Pedersen Fox. Targeted at ultra-high-net-worth buyers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Access IndustriescoreStrategic or Co-development Partner · 1 January 2022Co-development partner with Witkoff on One High Line (formerly The XI) in West Chelsea, Manhattan. Access Industries, led by Len Blavatnik, acquired the troubled HFZ Capital project in 2021 through a joint venture with Witkoff. The partnership has successfully completed the 506,000-square-foot twin-tower development.
• Auberge Resorts CollectioncoreStrategic or Co-development PartnerHotel brand partner for Shore Club Private Collection in Miami Beach. Auberge Resorts Collection provides luxury hotel management and branding for the 75-key hotel component of the redevelopment project.
• Apollo Commercial Real Estate FinancecoreStrategic or Co-development PartnerJoint venture partner on The Brook, a 52-story luxury rental tower in Downtown Brooklyn. Witkoff and Apollo developed the 591-residence project with 30% affordable housing designation.
• PPG DevelopmentcoreStrategic or Co-development PartnerJoint venture partner on Shell Bay in Hallandale Beach, Florida. The partnership developed a 150-acre private enclave featuring Auberge-branded residences, Greg Norman golf course, and boutique hotel.
• Ian Schrager CompanycoreStrategic or Co-development PartnerLong-term partnership with Ian Schrager on multiple EDITION hotel and residential projects including Times Square EDITION, West Hollywood EDITION, and PUBLIC Hotel. Schrager provides concept and brand expertise for boutique luxury hospitality developments.
• Winthrop Realty TrustminorStrategic or Co-development PartnerDevelopment partner on Times Square EDITION project in New York. Winthrop Realty Trust, a Boston-based REIT, participated in the development.
• New Valley LLCminorStrategic or Co-development PartnerDevelopment partner on Times Square EDITION. New Valley LLC, the real estate subsidiary of Vector Group Ltd., maintains equity positions in numerous real estate investments.
• Douglas EllimanminorChannel Partner/ Reseller/ DistributorLeading real estate brokerage engaged for sales at Ocean Terrace project in Miami Beach.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• PMG: Miami- and New York-based luxury condominium developer focused on trophy residential towers (e.g., Monad Terrace, Missoni Baia). Comparable to Witkoff in ultra-luxury condo positioning, branded-residence strategy, and South Florida pipeline.
• Tishman Speyer: Global real estate developer and investor with deep New York roots (e.g., Rockefeller Center, The Spiral). Comparable to Witkoff in trophy-asset development, JV-driven capital structure, and institutional capital relationships.
• Kushner Companies: Family-owned New York/New Jersey real estate firm developing luxury residential and commercial properties (e.g., One Journal Square, 666 Fifth Avenue). Comparable to Witkoff as a family-controlled, vertically integrated developer with NYC concentration and luxury focus.
• The Related Companies: Major New York-based developer of large-scale mixed-use, residential, and hospitality projects (e.g., Hudson Yards, One Manhattan West). Comparable to Witkoff in vertically integrated development approach, luxury residential focus, and institutional-scale transaction activity.
• JDS Development Group: New York-based luxury residential and mixed-use developer known for supertall and ultra-luxury condominium towers (e.g., 111 West 57th Street, Steiner East Village). Directly comparable to Witkoff's luxury condo pipeline (One High Line, 111 Murray).
• CIM Group: Los Angeles-based real estate investment and development firm active in urban mixed-use, multifamily, and hospitality. Comparable to Witkoff in vertically integrated investment-driven development, institutional LP base, and presence in NY/Miami/LA markets.

Broad incumbents

• Brookfield Property Partners: Global real estate investor and developer operating across residential, office, retail, and hospitality. Comparable to Witkoff in vertical integration and institutional-scale development, though at materially larger scale and with broader geographic and asset-class reach.
• Vornado Realty Trust: Public NYC-focused REIT and developer with significant office, retail, and residential assets. Comparable as a major NYC real estate operator with institutional capital access, though broader portfolio and public-market structure distinguish it from Witkoff.

Regional players

• Related Group: Florida's largest luxury condominium developer with a deep South Florida pipeline. Comparable to Witkoff's Miami-area luxury condo strategy (Shell Bay, Shore Club, Ocean Terrace) and ultra-luxury buyer focus.
• Terra Group: Miami-based luxury residential and mixed-use developer (e.g., Five Park, Eighty Seven Park). Comparable to Witkoff in South Florida luxury condo development, branded-residence partnerships, and design-forward architecture collaborations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Witkoff