What Silver Creek Development does

Silver Creek Development is a privately held real estate development and investment firm founded by Franck Ruimy and headquartered in Scottsdale, Arizona, with additional offices in Los Angeles and New York City. The firm develops, acquires, and operates commercial, hospitality, multifamily, and industrial real estate across the United States and selectively in Europe, with a historical focus on West Coast (California and Arizona) submarkets and a recent expansion into New York. Principals have collectively executed more than $2.5 billion in transactions and developed over 10 million square feet of real estate across multiple asset classes.

The firm's core activities span ground-up development, value-add repositioning, and opportunistic acquisition. Current flagship projects include the $71 million mixed-use redevelopment of 8850 Sunset Boulevard in West Hollywood (site of the former Viper Room nightclub, targeted for 2029 completion) and a 298-room Luxury Collection Hotel at Battery Park City in New York, developed in joint venture with HEI Hotels & Resorts under the Marriott International Luxury Collection flag (targeted for mid-2027 opening). Other holdings include a Michelin North America distribution facility in Wilmington, Illinois (acquired for approximately $130 million in 2021) and a Class A office building in Chandler, Arizona. The firm has also launched the Silver Creek Multifamily (SCM) platform for multifamily acquisitions in the West Hollywood area.

Silver Creek monetizes through development fees, equity participation in project-level joint ventures, capital partner co-investment economics, and, increasingly, hotel management fee revenue via its HEI partnership. Capital relationships span Centennial Bank, Crestline Investors, and Chestnut Street Holdings. The customer base is bifurcated between high-net-worth and institutional equity capital partners on the financing side and hospitality operators, commercial tenants, and residential end-users on the end-product side. There is no disclosed technology or AI platform; the business is operated as a relationship-driven principal developer model with a small team of 11-50 employees.

Name

Silver Creek Development

Legal name

Silver Creek Development

Website

https://silvercreekdevelopment.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Silver Creek Development is a privately held real estate development and investment firm that acquires, develops, and operates commercial, hospitality, multifamily, and industrial assets across the US and Europe for institutional and high-net-worth capital partners and end-user tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development: The company generates revenue through developing residential, commercial, and mixed-use properties on the west coast of the United States. Revenue is derived from property sales, development fees, and value creation through the development process.
2. Hotel Operations: Through joint ventures with hospitality operators like HEI Hotels & Resorts, the company participates in hotel operations including room revenue, food and beverage venues, spa, and fitness center services at properties like the Luxury Collection hotel in Battery Park City.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Silver Creek Development is a privately-owned real estate development and investment company that develops premier residential, commercial, and mixed-use properties in prime urban locations on the west coast of the United States. The company sources, underwrites, and develops large-scale projects such as the 8850 Sunset Blvd mixed-use complex in West Hollywood and the 298-room Luxury Collection hotel in Battery Park City, partnering with institutional capital providers, co-developers, and hospitality operators to capitalize and execute each project.

Product overview

Silver Creek Development is a real estate development and investment company specializing in premier residential, commercial, and mixed-use developments on the west coast of the United States. Their portfolio includes high-rise residential buildings, boutique condominiums, creative office spaces, industrial properties, and hospitality developments. Key projects include the flagship 8850 Sunset Blvd mixed-use development in West Hollywood featuring residential, hotel, retail, and entertainment components, and the Luxury Collection Hotel in Battery Park City, New York. The company maintains offices in Phoenix, Los Angeles, and New York, with a focus on prime urban locations that demonstrate potential to become iconic developments.

Differentiator

Problem solved

Functional benefit

Products and services

• 8850 Sunset Blvd Mixed-Use Development A flagship mixed-use development project located at 8850 Sunset Blvd in West Hollywood, California, featuring residential units, a boutique hotel, commercial spaces, and a reimagined Viper Room live music venue, targeted at residents, hotel guests, retailers, and entertainment patrons.
• Luxury Collection Hotel at Battery Park City A 298-room luxury hotel development at 2 Little West Street in Battery Park City, New York, operated under Marriott International's Luxury Collection brand and featuring multiple food and beverage venues, a fitness center, and a world-class spa, targeted at luxury hotel guests.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and flagship.

• Chestnut Street HoldingscoreStrategic or Co-development Partner · 24 March 2026Chestnut Street Holdings and Silver Creek Development announced a joint venture to redevelop a 40-story hotel at 2 Little West Street in Battery Park City, New York. The project will operate under Marriott International's Luxury Collection brand.
• HEI Hotels & ResortscoreStrategic or Co-development Partner · 24 March 2026HEI Hotels & Resorts joined the joint venture with Chestnut Street Holdings and Silver Creek Development to manage the operations of the Luxury Collection hotel in Battery Park City. HEI will handle hotel management once the property opens in mid-2027.
• Marriott International (Luxury Collection)flagshipStrategic or Co-development Partner · 24 March 2026Marriott International's Luxury Collection brand will operate the redeveloped 298-room hotel at 2 Little West Street in Battery Park City. This marks the first time since 2020 that the property, formerly The Wagner Hotel, will be available under this prestigious brand.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• The Related Companies: Major US luxury mixed-use developer behind Hudson Yards and Time Warner Center; directly comparable to Silver Creek in its focus on trophy mixed-use developments in prime urban markets including NYC.
• Tishman Speyer: Globally active luxury and mixed-use real estate developer with major NYC, LA, and international projects; comparable in product category, target customer, and trophy-asset strategy.
• Silverstein Properties: NYC-based luxury mixed-use developer behind the World Trade Center towers and 30 Park Place (Four Seasons); highly comparable — Silver Creek's Managing Director Charles Essig is a Silverstein alumnus.
• Douglas Emmett: West LA / West Hollywood office and multifamily REIT-developer with a tight focus on premium coastal submarkets; directly comparable in geography (West LA / WeHo) and product type (luxury multifamily and creative office).
• The Howard Hughes Corporation: Developer of large-scale master-planned mixed-use communities including The Woodlands, Summerlin, and NYC's Seaport District; comparable in mixed-use development approach with embedded hospitality, retail, and residential components.

Broad incumbents

• Brookfield Property Group: Large diversified owner/developer of trophy office, multifamily, retail, and hospitality assets including Manhattan malls and One Liberty Plaza; competes for the same prime urban trophy opportunities as Silver Creek but at much greater scale.
• AvalonBay Communities: Public multifamily REIT-developer with major West Coast urban presence including LA and Northern California; competes with Silver Creek Multifamily in luxury and high-end urban rental housing.
• Trammell Crow Company: National commercial real estate developer with a major multifamily platform (Highgate); competes with Silver Creek across multiple property types and geographies at much greater scale.
• Lennar Multifamily (LMC): National multifamily developer subsidiary of Lennar Corporation, active in luxury urban infill and build-to-rent; competes with Silver Creek Multifamily in Class A urban rental product.

Regional players

• Essex Property Trust: West Coast-focused multifamily REIT concentrated in California (LA, San Diego, San Francisco); directly comparable to Silver Creek Multifamily in West Coast luxury multifamily strategy and geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/silver-creek-commercial-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors2 records

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

M&A

Investments

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

Frequently asked questions about Silver Creek Development