Eli Gindi
Eli Gindi | |
|---|---|
| Occupation | Real 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
[edit]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
[edit]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]
Politics
[edit]During Donald Trump's second term as US president, private jets owned by shell companies connected to Gindi and Joseph Nakash were used for at least 8[12] flights deporting migrants from the United States, including deportations to third countries where those migrants had no ties, and where they were held in indefinite detention.[13]
Personal life
[edit]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).[14][3]
References
[edit]- 1 2 3 "About Us". Gindi Capital. Retrieved March 11, 2026.
- 1 2 "Gindi Capital and JLL change the face of Las Vegas retail". JLL. Retrieved March 11, 2026.
- 1 2 3 4 5 "Eli Gindi's South Brooklyn Home Sells for Record $32M". The Real Deal. November 10, 2025. Retrieved March 11, 2026.
- 1 2 "Legion/Gindi $335 million financing for Gramercy Park project". Davis Polk & Wardwell LLP. February 4, 2025. Retrieved March 11, 2026.
- ↑ 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.
- ↑ Howard Stutz (June 3, 2025). "Las Vegas Strip retail project BLVD finishes construction". Las Vegas Review-Journal. Retrieved March 11, 2026.
- ↑ "Gianni Versace Mansion Sold to Nakash Brothers and Eli Gindi for $53.4 Million – Outbidding Donald Trump". Jewish Business News. September 18, 2013.
- ↑ 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.
- ↑ The Real Deal: "Merged Filene’s/Syms coming to Fulton Mall" October 12, 2010
- ↑ The Real Deal: "Harrison Street buys LIU student housing for $61M By Zachary Kussin] March 28, 2013
- ↑ "About Us". Gindi Equities. Retrieved March 11, 2026.
- ↑ Gillian Brockell (June 17, 2026). "here's my story about the the[sic] Nakash jets. They've done seven more ICE removal trips since this first published in March".
- ↑ "More MAGA billionaires linked to private jet used for ICE flight to African prison". March 20, 2026.
- ↑ "The Most Expensive House in Brooklyn Is in Gravesend Now". Curbed. November 6, 2025. Retrieved March 11, 2026.