What Cape Advisors does

Cape Advisors is a New York City-based real estate development and investment firm founded in 1995 by Craig Wood. The firm operates a single integrated platform spanning residential, commercial, retail, and hospitality development, with primary emphasis on luxury residential condominiums and ground-up mixed-use projects in Manhattan (Tribeca, SoHo, Hudson Square, West Chelsea, Midtown) plus leisure-oriented assets in Sag Harbor and Cape May. Since inception, the company and its partners have developed nearly $3 billion of real estate, delivering signature projects including 100 Eleventh Avenue (designed by Jean Nouvel), 30 Warren in Tribeca, Greenwich West, Astoria West (a 534-unit waterfront rental in Queens), the Watchcase Condominiums in Sag Harbor (a historic factory adaptive reuse), and Baron's Cove and Congress Hall resorts.

The firm's underlying technology and know-how center on historic preservation, adaptive reuse, and architecturally ambitious ground-up construction. Notable technical differentiators include the cleaning and reuse of more than 30,000 original bricks with historically correct lime mortar at Watchcase; the engineering of a curtain wall composed of approximately 1,750 uniquely angled, differently sized glass panes at 100 Eleventh Avenue; and a custom ribbed concrete facade utilizing corrugated cardboard formwork at 30 Warren. Cape Advisors' products are developed through partnerships with Pritzker Prize-winning and internationally recognized design firms, including Ateliers Jean Nouvel, Post-Office Architects, Loci Anima, Beyer Blinder Belle, Sebastien Segers, and Fogarty Finger.

Revenue is generated principally through one-time real estate sales (luxury condominium units), long-term asset appreciation on owned properties, recurring rental income (notably Astoria West's 534 units), and managed-services revenue from commercial/retail leasing (e.g., 5 Crosby Street). The firm previously operated hotels, restaurants, and bars through its wholly owned subsidiary Cape Resorts Group, divested in 2016; affiliated entities continue to manage select hospitality assets. The customer base is horizontally diversified across high-net-worth residential buyers, hotel guests and resort visitors, commercial and retail tenants, and — most recently — university students and staff via a 2025-acquired 135-unit student housing asset in College Park, Maryland. Marketing is conducted primarily through earned media coverage and project-specific websites rather than paid acquisition channels.

Name

Cape Advisors

Legal name

Cape Advisors

Website

https://capeadvisors.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Cape Advisors is a New York City-based real estate development and investment firm founded in 1995 that develops luxury residential, commercial, retail, and hospitality properties across Manhattan, Sag Harbor, Cape May, and select growth markets. It serves high-net-worth buyers, commercial tenants, and hospitality guests through ground-up and adaptive reuse projects.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

All Other Financial Investment Activities (52399)

SIC

Investors, Nec (6799)

akta.pro primary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

akta.pro secondary industry

Real Estate Advisory & Consulting (Strategy, Portfolio & Location) (FSAEAJAH)

Keywords

• Luxury real estate development
• Historic preservation development
• Hospitality property development
• Adaptive reuse construction
• Mixed-use real estate investment

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Real Estate Development and Investment: Cape Advisors develops residential, commercial, retail, and hospitality properties for sale or long-term ownership. Projects range from luxury condominiums to full-service hotels, generating revenue through property sales, rental income, and long-term asset appreciation.
2. Property Management: The firm manages its own developed properties and those of affiliates, including hotel operations and restaurant/retail venues, generating recurring management fees and operational revenue.
3. Hospitality Operations: Through former subsidiary Cape Resorts Group and affiliates, Cape Advisors operates hotels, restaurants, bars, and retail venues, generating revenue from guest stays, food and beverage sales, and retail merchandise.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Cape Advisors is a New York-based real estate development and investment firm that develops, owns, and manages residential, hospitality, commercial, and retail properties. The firm specializes in luxury condominiums, boutique hotels, mixed-use developments, and historic preservation/adaptive reuse projects, with a portfolio spanning prime Manhattan, Sag Harbor, Cape May, and other Northeast US markets.

Product overview

Cape Advisors is a New York-based real estate development and investment firm that operates as a single unified platform for property development across multiple sectors. The company's product portfolio includes: (1) Residential Development (condominiums, apartments, townhouses), (2) Hotel Development and Management (boutique hotels and resorts), (3) Commercial Office Development, (4) Retail Development, (5) Restaurant and Bar Operations, and (6) Historic Preservation and Adaptive Reuse. Key named projects include Astoria West (534-unit waterfront rental), Greenwich West (30-story Hudson Square condominium), 30 Warren (Tribeca luxury residences), The Perrie (Midtown condominiums), Baron's Cove (Sag Harbor resort), Congress Hall (historic Cape May hotel), Watchcase Condominiums (Sag Harbor adaptive reuse), and various restaurant/bar venues. The company manages properties through its former subsidiary Cape Resorts Group and affiliate companies.

Differentiator

Problem solved

Functional benefit

Products and services

• 30 Warren Ground-up 23-residence luxury condominium development in Tribeca with custom-crafted ribbed concrete facade and ground-floor flagship retail space. For affluent residential buyers.
• Greenwich West 30-story ground-up residential condominium development at 110 Charlton Street in Hudson Square, co-developed with Strategic Capital and designed by Parisian-based architect Loci Anima. For high-end residential buyers.
• Astoria West 534-unit waterfront residential rental development at 30-77 Vernon Boulevard in Astoria, Queens, featuring over 40,000 sq ft of amenities including a rooftop pool with East River views. For renters seeking modern amenitized housing.
• The Perrie 95 one-bedroom condominium residences at 234 E. 46th Street in Midtown Manhattan with private outdoor balconies and gardens. For individual residential buyers.
• 4800 Berwyn House Rd 135-unit student housing building acquired for rehabilitation and repositioning near the University of Maryland in College Park, MD. For university students and faculty.
• Baron's Cove 67-room resort at 31 West Water Street in Sag Harbor with heated saltwater pool, restaurant, bar, spa, tennis court, fitness studio, and beach service. For leisure travelers.
• Watchcase Condominiums 63-unit historic factory conversion in Sag Harbor comprising 200,000+ sq ft of condominiums with interior design by Steven Gambrel. For buyers seeking historically significant luxury residences.
• Congress Hall Historic 106-room resort hotel in Cape May, NJ, originally built in 1816, featuring the Brown Room Lounge and Blue Pig Tavern. For leisure and group travelers.
• 100 Eleventh Avenue 23-story, 55-unit residential condominium in West Chelsea designed by Pritzker Prize-winning architect Jean Nouvel, featuring the most technologically advanced curtain wall in New York City. For luxury residential buyers.
• 5 Crosby Street 75,000 sf classic SoHo office building originally built in 1863, renovated and leased to commercial tenants in fashion, technology, and advertising. For office tenants.

Quantifiable outcome

• Value of 5 Crosby Street building more than doubled since Cape Advisors took over management
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Strategic CapitalcoreStrategic or Co-development PartnerCo-development partner for Greenwich West project at 110 Charlton Street in Hudson Square. Strategic Capital partnered with Cape Advisors on this 30-story ground up development.
• Morgans Hotel GroupcoreChannel Partner/ Reseller/ DistributorManaged the Mondrian Hotel property developed by Cape Advisors. Former operator of the hotel and associated food and beverage venues including Imperial No. Nine restaurant and Mister H lounge.
• Cape Resorts GroupcoreChannel Partner/ Reseller/ DistributorFormer subsidiary of Cape Advisors that managed hotel properties including Congress Hall, The Beach Shack, The Chelsea Hotel, and associated restaurants and retail venues. Managed properties through 2016.
• Steven StarrminorStrategic or Co-development PartnerAcclaimed restaurateur who partnered with Cape Advisors on Chelsea Prime upscale steakhouse at the Chelsea Hotel in Atlantic City.
• Ateliers Jean NouvelcoreTechnology or IntegrationPritzker Prize-winning architect who designed 100 Eleventh Avenue, featuring the most technologically advanced curtain wall ever constructed in New York City.
• Post-Office ArchitectscoreTechnology or IntegrationDesign architect for 30 Warren in Tribeca, creating the custom-crafted ribbed concrete facade with corrugated cardboard concrete formwork technique.
• Loci AnimacoreTechnology or IntegrationParisian-based design architect for Greenwich West, fusing early 20th century industrial context with classic French aesthetic.
• Fogarty FingercoreTechnology or IntegrationProject architect for Astoria West, a 534-unit waterfront residential development in Astoria, Queens.
• Beyer Blinder Belle ArchitectscoreTechnology or IntegrationDesign architect for Watchcase Condominiums and executive architect for 100 Eleventh Avenue, specializing in historic preservation and adaptive reuse.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Extell Development Company: NYC luxury developer behind One57, Central Park Tower, and other supertall/luxury condo projects. Directly comparable in high-end NYC residential product, though operates at significantly larger scale.
• Naftali Group: NYC-focused luxury residential developer behind projects such as 200 East 83rd and 1095 Avenue of the Americas. Closely comparable niche: ground-up luxury condominiums in Manhattan with architect-led design.
• Taconic Investment Partners: NYC real estate investment and development firm active in ground-up residential, office repositioning, and mixed-use projects. Comparable to Cape Advisors in adaptive reuse and asset-repositioning strategy.
• HFZ Capital Group: NYC-based real estate developer with significant luxury residential and hospitality exposure (e.g., The Dominick, Olympia Center). Comparable in NYC luxury condo and hotel development model.
• Savanna: NYC real estate investment and development firm focused on office repositioning, ground-up development, and value-add plays. Comparable in adaptive reuse and asset repositioning discipline (e.g., similar to 5 Crosby Street).
• Related Companies: Largest privately-owned real estate developer in the US, with deep NYC luxury residential, mixed-use, and affordable housing exposure (Hudson Yards, One Columbus Place). Comparable to Cape Advisors in NYC ground-up luxury condo and mixed-use development model.

Broad incumbents

• Greystar Real Estate Partners: Global leader in multifamily rental development and management, including student housing. Comparable to Cape Advisors on Astoria West (534-unit rental) and the new 4800 Berwyn House Rd student housing acquisition.
• Vornado Realty Trust: Public REIT with dominant NYC office portfolio (including partial-interest in the Mondrian SoHo development site) and select residential/retail holdings. Comparable NYC office and mixed-use development orientation but at REIT scale.
• Toll Brothers: Public luxury homebuilder with active urban condo division (Toll Brothers City Living) in NYC and NJ. Comparable in for-sale luxury residential product positioning, though operates at national scale.

Others

• Cape Resorts Group: Former wholly-owned subsidiary of Cape Advisors that managed the firm's Cape May and Sag Harbor hospitality portfolio through 2016. Comparable for historical context on Cape Advisors' hospitality operating capability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Cape Advisors