Steven Siegel

  • test :

Steven Siegel

Executive Vice President

Steven_Siegel

Steven Siegel has over 20 years of development, finance, and public policy experience with a focus on executing complex, public-private development transactions and financings.

Mr. Siegel began his role with Sagamore as a senior advisor prior to joining the company full-time in 2015. In his current role as Executive Vice President, Mr. Siegel is responsible for the overall execution of the Port Covington project. He oversees the master planning and entitlement, public and private financing, strategic planning and communications, policy and lobbying teams, and developing the overall business plan for the development Project.

Prior to joining Sagamore, Mr. Siegel was President of Davey Street Partners, a real estate development and advisory firm he founded which focused on public-private projects in the Washington, DC metropolitan area.

Before founding Davey Street Partners in 2010, Mr. Siegel served in the District of Columbia government as Director of Development in the Office of the Deputy Mayor for Planning and Economic Development. Appointed by Mayor Adrian M. Fenty in 2007, Mr. Siegel was responsible for overseeing the District’s $13 billion, public-private real estate development portfolio.

Prior to his time at the District of Columbia, Mr. Siegel was Vice President of Acquisitions for a Mid-Atlantic multifamily developer where he led the pursuit, acquisition, financing and development of over 1,000 multifamily residential market rate and affordable units.

SIGNATURE PROJECTS:

CityCenter DC – Washington, DC, 2.5M SF

Mr. Siegel was a key player in the negotiation and execution of City Center DC, a 10-acre, $1.5 billion mixed-use project in downtown Washington, DC which includes:

458 apartments
216 condominiums
515,000 SF of office
350 hotel rooms
1.5 acre public park
1,885 parking spaces

Mr. Siegel assisted with positioning the project to attract a large sovereign wealth investor.

Marriott Marquis Convention Center Hotel
Washington, DC, 880,000 SF

Mr. Siegel was instrumental in structuring the transaction for the development of the $580 million Marriott Marquis Convention Center Hotel, a 1,175 key hotel project connected to the Washington Convention Center. In addition, he successfully navigated the TIF legislative process and negotiated the $216 million TIF financing for the project.