Steven Siegel is a Partner at Weller Development Company since its inception in 2017. In this capacity, he oversees day-to-day operations of the company including master planning, development, construction, leasing, finance, communications, and new business development. Steve led the negotiation and structuring of Goldman Sachs’ $233 million equity investment in Port Covington as well as the $660 million Tax Increment Financing investment by the City.
Steve has over 25 years of development, finance, and public policy experience with expertise in executing public-private development transactions. Prior to joining Weller Development, Mr. Siegel served as Executive Vice President at Sagamore Development Company after acting as Senior Advisor to the principals beginning in 2012. As Executive Vice President, Mr. Siegel led the transaction, legislative and public relations efforts related to the development of the 128-key luxury Sagamore Pendry Hotel and assembled and led Port Covington project team by overseeing the master planning and entitlements, public and private financing, strategic planning, and policy and lobbying teams.
Previously, Mr. Siegel was founder and president of Davey Street Partners, a real estate development and advisory firm focused on public-private projects in the Washington metropolitan area. In 2007, Mr. Siegel was appointed by Mayor Adrian M. Fenty to serve the District of Columbia government in the Executive Office of the Mayor. As Director of Development in the Office of the Deputy Mayor for Planning and Economic Development he managed the city’s $13 billion public-private real estate and economic development portfolio.
Mr. Siegel also served as Vice President of Acquisitions for a Mid-Atlantic multi-family developer where he led the pursuit, acquisition, financing, and development of over 1,000 multi-family residential market rate units. Mr. Siegel graduated in 1994 with a B.S. in Materials Engineering from Lehigh University.