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Top Cappelli exec joins affordable housing developer

John Golden by John Golden
May 24, 2015
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Joseph Apicella, Westchester developer Louis Cappelli”™s longtime right-hand man and the Cappelli company”™s public voice on numerous development projects, has joined The MacQuesten Cos. in Pelham as managing director of development, the housing development company announced on Tuesday.

Joseph Apicella
Joseph Apicella

As executive vice president for Cappelli Enterprises, a position he held for nearly 20 years, Apicella played instrumental roles in more than $2 billion worth of development in the tristate area. They included prominent mixed-use projects that did much to remake the aging downtowns of White Plains and New Rochelle ”“ City Center and Trump Tower in White Plains and the 1.4 million-square-foot Renaissance Square project that brought The Ritz-Carlton to Westchester, and New Roc City and Trump Plaza in New Rochelle.

Rella Fogliano, president of The MacQuesten Cos., in  the announcement said Apicella “brings a wealth of experience and know-how to the MacQuesten Companies, and I know that with Joe on board, we will be even more successful at bringing affordable and middle-income housing to a region that needs it.”

Apicella previously served as downtown development manager for the city of Yonkers.

He said he is “pleased to be coming on board with a company that is in growth mode,” adding that Fogliano “has done great things and our best days are in front of us. She”™s owned and developed thousands of housing units. She has the wherewithal and the extraordinary energy to get things done, and that energy is contagious. Rella also allows the latitude to be creative. For me, that”™s very important.”

Fogliano in December was named Developer of the Year by the New York Housing Conference and the National Housing Conference.

The MacQuesten Cos. includes MacQuesten Construction Management LLC and MacQuesten Development LLC. Since 1992 it has developed 11 buildings and 1,500 units of affordable housing in New York City and Westchester County.

In New Rochelle, MacQuesten is in the second phase of construction at Heritage Homes, a $72 million, three-phase, 228-unit housing project developed in partnership with the New Rochelle Municipal Housing Authority.

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