What STERLING PROJECT DEVELOPMENT does

Sterling Project Development (SPD) is a privately held, full-service development management and advisory firm headquartered at 4 World Trade Center in New York City. Founded in 2010 as an affiliate of Sterling Equities — a national real estate owner-manager established more than 50 years ago — SPD provides owner's-representation and project-management services for complex real estate projects worldwide. Its offering is organized across eight practice areas: Development Management, SPD Advisory Group, P3 Strategic Advisors, Civic & Cultural, Finance & Special Situations, Special Projects, Sports & Entertainment, and Project Management. The firm applies an "owner's mentality" approach, leveraging the parent group's family-owned independence from third-party financial or brokerage control.

Name

STERLING PROJECT DEVELOPMENT

Legal name

Sterling Project Development

Website

https://sterlingprojectdevelopment.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Sterling Project Development is a privately held, New York–based full-service development management and advisory firm serving sports franchises, government entities, and institutional developers on complex real estate projects worldwide, operating as an affiliate of Sterling Equities.

Ownership category

akta.pro rank

Product category

Real Estate Development Management Services

NAICS

Commercial and Institutional Building Construction (23622)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

Keywords

• Real estate development management
• Owner's representative services
• Construction project advisory
• Sports venue development
• Public-private partnerships

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Development Management Fees: SPD charges fees for providing full-service development management services including analytics, entitlement, design and engineering management, construction oversight, and turnover to end users for complex real estate projects.
2. Advisory Services: The SPD Advisory Group provides comprehensive evaluation of design and construction risk for complex real estate projects during pre-development and construction phases, charging advisory fees for due diligence and risk assessment services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Sterling Project Development is a full-service development management and advisory firm that plans and executes complex real estate projects worldwide. It provides leadership across analytics, entitlement, design and engineering management, construction oversight, and turnover to end users, with dedicated practices in sports and entertainment venues, civic and cultural facilities, public-private partnerships, special/distressed situations, and project management. The firm operates as an affiliate of family-owned Sterling Equities, applying an owner's mentality to each engagement.

Product overview

Sterling Project Development (SPD) is a full-service development management and advisory firm focused on complex real estate projects worldwide. The company operates as a unified service offering under its own brand, organized into eight distinct but interconnected practice areas: Development Management serves as the core offering handling full project lifecycle; SPD Advisory Group provides risk evaluation and construction advisory; P3 Strategic Advisors manages public-private partnerships; Sports & Entertainment handles venue and stadium development; Project Management oversees construction execution; Special Projects addresses complex/distressed project situations; Civic & Cultural serves institutional clients; and Finance & Special Situations manages distressed assets. As an affiliate of Sterling Equities, the firm brings an owner's mentality to every project without third-party financial or brokerage control.

Differentiator

Problem solved

Functional benefit

Brands

• SPD Advisory Group: Provides comprehensive evaluation of design and construction risk for complex real estate projects, during pre-development and once construction is underway.

Products and services

• Development Management Full-service development management for complex real estate projects, overseeing all aspects from planning through construction to turnover to end users. Targeted at property developers, institutional owners, and franchise owners undertaking marquee developments.
• SPD Advisory Group Comprehensive evaluation of design and construction risk for complex real estate projects during pre-development and once construction is underway. Advises real estate investors and capital providers on potential challenges and strategies to mitigate exposure at all stages of development.
• P3 Strategic Advisors Public-Private Partnership advisory services helping clients navigate complex development partnerships between government and private sector entities, including procurement structuring and stakeholder alignment.
• Sports & Entertainment Holistic real estate and venue development services for sports facilities and entertainment venues including stadiums, arenas, and sports-anchored mixed-use districts. Served clients include the New York Mets, Green Bay Packers, New York Islanders, New York City FC, and Ottawa Senators.
• Project Management Tailored visioning and execution of construction projects across commercial, residential, hospitality, industrial, healthcare, and educational sectors, providing project management oversight for buildouts such as the SportsNet New York broadcast studios and the Harlem Village Academy High School.
• Special Projects Bridges the gap between Advisory and Development Management, providing deeper analysis of development, design, and construction issues on a customized basis. Includes oversight of large-scale transformational projects such as the Hospital for Special Surgery Kellen Tower expansion and The Shed construction closeout at Hudson Yards.
• Civic & Cultural Specialized development management services for civic and cultural facilities including museums, theaters, and public institutions. Engagements include advisories for NYC EDC on projects such as SPARC Kips Bay.
• Finance & Special Situations Financial advisory and management services for complex or distressed real estate situations, including workouts, repositioning, and resolution of special situations across the development lifecycle.

Quantifiable outcome

• Over $10 billion in supervised commercial, residential and sports-related development projects
• +3 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered major and core.

• Cumming GroupmajorStrategic or Co-development PartnerJoint venture partnership with Cumming Group for the New York Climate Exchange project on Governor's Island. SPD is providing real-estate development services on financing, managing design, construction and engineering teams.
• Queens Development Group (Sterling and Related Companies JV)majorStrategic or Co-development PartnerJoint venture of Sterling Equities and Related Companies for the Willets Point development in Queens, NY. SPD plays an important role in the planning and entitlement of this 4 million square foot mixed-use development.
• Capital Sports Development Inc.majorStrategic or Co-development PartnerPartnered with Capital Sports Development Inc. at LeBreton Flats in conjunction with Canada's National Capital Commission for the Ottawa Senators arena development.
• Sterling EquitiescoreStrategic or Co-development PartnerSPD is an affiliate of Sterling Equities, a highly regarded national real estate owner manager founded over 50 years ago. This relationship provides the foundation for SPD's owner's mentality approach to development management.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• AECOM: Global infrastructure firm with construction management and project advisory services (including the former Tishman Construction). Competes with SPD on large complex real estate and civic projects as part of a broader portfolio of services.
• CBRE: Global commercial real estate services firm with project management and owner's representation capabilities. Competes with SPD on large-scale commercial and institutional projects as part of a broader diversified services portfolio.
• Cushman & Wakefield: Global commercial real estate services firm with project and development services including owner's representation and program management. Overlaps with SPD on large-scale commercial and institutional projects across a much larger services footprint.
• JLL: Global real estate services firm with a significant Project and Development Services (PDS) division offering owner's representation, construction management, and advisory services. Much larger scale than SPD but directly competes on large complex commercial and institutional engagements.

Direct peers

• Anser Advisory: Owner's representation and development advisory firm specializing in complex real estate, infrastructure, and capital projects. Direct competitor in owner's representative, construction management, and development advisory services for similar client types.
• LiRo Group: Construction management, owner's representation, and engineering services firm with strong NYC presence serving public and private sector clients. Comparable to SPD in project types, geographic concentration, and service mix.
• PMA Consultants: Program and construction management consulting firm serving public and private sector clients with owner's representative and risk advisory services. Comparable in size, focus, and service offering mix to SPD.
• Brailsford & Dunlavey: Program management and owner's representation firm focused on public and institutional clients including education, government, and cultural facilities. Highly comparable to SPD's P3, civic, and advisory practice areas in scope and client type.
• Gilbane Building Company: Family-owned construction management and real estate development firm offering owner's representation, program management, and development advisory services. Comparable family-owned structure and complex project focus with similar mid-sized scale.
• Hill International: Global construction project management and owner's representative firm serving complex real estate, infrastructure, and government projects. Closely comparable business model, service offerings, and project types to SPD's development management and advisory practice.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sterling-project-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 STERLING PROJECT DEVELOPMENT