Eli Gindi

Eli Gindi
OccupationReal estate developer

Eli Gindi is an American real estate developer, investor, and founding partner of Gindi Capital, a New York City-based family-owned real estate investment and development firm.[1][2]

Early life and family background

Eli Gindi belongs to the third generation of the Gindi family, a Syrian Jewish (Sephardic) family that immigrated to the United States. His family legacy includes co-founding the Century 21 department store chain in 1961, starting as an off-price luxury fashion retailer in lower Manhattan and expanding to 13 locations before filing for bankruptcy in 2020 amid the COVID-19 pandemic.[1][3] The family shifted focus to real estate, building a portfolio in retail, multifamily, and mixed-use properties.[3]

Career

Gindi co-founded Gindi Capital with his brother Jeffrey Gindi, where he serves as a founding partner alongside other family members and partners like Jack Braha, Ralph Gindi, and Sol Gindi. The firm specializes in identifying and revitalizing underutilized retail, multifamily, and mixed-use spaces in major U.S. markets, with additional activity in Canada and the United Kingdom.[1][4]

Key projects and transactions include:

  • The BLVD development on the Las Vegas Strip—a 400,000-square-foot, three-level retail and dining complex with 700 feet of frontage, developed in partnership with the Cherng Family Trust (co-founders of Panda Express). Acquired sites like the former Hawaiian Marketplace in 2019 for $172 million, the project targets mid-tier flagship retailers (e.g., Adidas, H&M, Puma, JD Sports, Pandora) and eateries, including a large In-N-Out Burger location.[5][6][2]
  • A $335 million construction financing deal for a mixed-use project at Gramercy Park (in partnership with Legion Investment Group), involving approximately 60 residential units.[4]
  • Sales of family-held properties, including portions of the original Century 21 Bay Ridge site in Brooklyn in 2025.[3]
  • A 2012 portfolio sale across Manhattan, Brooklyn, and Queens for $164 million.[3]
  • In 2013, he purchased (along with Joseph Nakash) the Versace Mansion in Miami Beach outbidding Donald Trump.[7]
  • Gindi along with Stanley Chera, Joseph Jemal, and Albert Laboz is leading the redevelopment of the Fulton Mall in downtown Brooklyn.[8][9][10]

Gindi has also been associated with Gindi Equities, a multifamily-focused investment platform anchored by the family, targeting properties in the Southeast and Midwest.[11]

Personal life

Gindi resides in Brooklyn, New York. In November 2025, he sold his Gravesend mansion for $32 million in an off-market deal to Victor Hakim (founder and CEO of Choice Home Warranty). The transaction set a record as the most expensive single-family home sale in Brooklyn history, surpassing the prior record of $25.5 million (set in 2020 for a home in Brooklyn Heights).[12][3]

References

  1. ^ a b c "About Us". Gindi Capital. Retrieved March 11, 2026.
  2. ^ a b "Gindi Capital and JLL change the face of Las Vegas retail". JLL. Retrieved March 11, 2026.
  3. ^ a b c d e "Eli Gindi's South Brooklyn Home Sells for Record $32M". The Real Deal. November 10, 2025. Retrieved March 11, 2026.
  4. ^ a b "Legion/Gindi $335 million financing for Gramercy Park project". Davis Polk & Wardwell LLP. February 4, 2025. Retrieved March 11, 2026.
  5. ^ David Moin (December 13, 2023). "Eli Gindi Snags Tenants for Las Vegas Shopping Center Opening in 2025". Women's Wear Daily. Retrieved March 11, 2026.
  6. ^ Howard Stutz (June 3, 2025). "Las Vegas Strip retail project BLVD finishes construction". Las Vegas Review-Journal. Retrieved March 11, 2026.
  7. ^ "Gianni Versace Mansion Sold to Nakash Brothers and Eli Gindi for $53.4 Million – Outbidding Donald Trump". Jewish Business News. September 18, 2013.
  8. ^ Egan, Patrick (January 31, 2011). "Families plot Fulton Mall face-lift - A parcel-by-parcel look at what the corridor's tight-knit group of owners has in store". The Real Deal. Archived from the original on March 4, 2016 – via Wayback Machine.
  9. ^ The Real Deal: "Merged Filene’s/Syms coming to Fulton Mall" October 12, 2010
  10. ^ The Real Deal: "Harrison Street buys LIU student housing for $61M By Zachary Kussin] March 28, 2013
  11. ^ "About Us". Gindi Equities. Retrieved March 11, 2026.
  12. ^ "The Most Expensive House in Brooklyn Is in Gravesend Now". Curbed. November 6, 2025. Retrieved March 11, 2026.
This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.