Cayuga Capital Management (CCM) was founded in 2007 by Jacob Sacks and James Wiseman, who decided to build a real estate firm that approached development through a steady, long-term lens. Headquartered in New York City, the company directs most of its efforts toward Brooklyn and Texas. Its work spans the whole real estate cycle: acquisitions, development, construction oversight, property operations, and ongoing improvements. From the very beginning, the partners have focused on shaping practical spaces that support how people live, work, and gather. Over the years, Brooklyn has remained central to CCM’s growth. The firm has contributed more than 350 apartment units and close to 450,000 square feet of commercial development across the borough. That level of activity has made Cayuga Capital one of Williamsburg’s most prominent commercial developers and a major residential operator in Bushwick. As these neighborhoods have evolved from older industrial corridors into mixed-use districts, CCM has played a role in the steady transition through projects that balance existing character with new community needs. One significant example of the firm’s adaptive reuse approach is its work with Vital Climbing Gym, a California-based fitness operator. In 2017, Cayuga Capital purchased a large warehouse at 1 Nassau Avenue, located near McCarren Park, where Williamsburg meets Greenpoint. The building, more than a century old, had the scale and industrial structure suited for a creative transformation. CCM identified it as a value-add opportunity and reimagined the site for a specialized fitness tenant. After redevelopment, the property offered roughly 46,000 square feet of climbing terrain, fitness areas, and social spaces. When the building was sold in 2023 for $43.3 million, it set a new record at the time for the highest price paid for a standalone climbing facility. The project demonstrated how thoughtful adaptive reuse can unlock value and bring renewed activity to older assets. In Bushwick, Cayuga Capital was early to recognize the neighborhood’s potential for retail growth. The firm transformed two older factory buildings at 22–28 Wyckoff Avenue, near Troutman Street, into a 10,000-square-foot retail center. The redevelopment introduced one of the area’s first organic grocery stores, a boutique wine shop, and a flexible space suited for restaurant or nightlife use. The project supported the neighborhood’s gradual commercial expansion and helped attract more consistent foot traffic. Another Bushwick redevelopment centered on a 27,000-square-foot site that included a historic church, a former middle school, and adjoining vacant land. CCM converted the site into a 99-unit residential complex while preserving the defining features of the original church structure. Completed in 2017, the project totaled 90,000 square feet and blended historical preservation with updated residential design. In Williamsburg, the firm also redeveloped the Lewis Steel Building, a 100,000sf former steel factory built in the 1930s. Located at 76 North 4th Street and extending from Berry to Wythe Streets, the building was transformed into 83 loft apartments and 20,000 sf of retail space. The project remains a recognizable industrial conversion within the neighborhood. Outside New York, Cayuga Capital has extended its work to the Dallas–Fort Worth region in Texas. The firm sees strong long-term potential in the state. It has invested in projects such as pickleball facilities, data centers, daycare centers, and other commercial properties that support daily activity and complement nearby residential areas. Guiding the firm’s direction are its two co-founders, who first met in college before beginning careers in investment banking, private equity, and law. Jacob brings more than 20 years of experience in real estate investment, development, and operations. Before founding CCM, he served as Vice President at U.S. Realty Advisors, LLC, managing $3 billion in assets, and earlier worked in investment banking at ING Barings’ Transportation & Logistics Corporate Finance Group. He holds a B.A. in Economics and a Master of Engineering in Operations Research and Financial Engineering from Cornell University. Jamie serves as general counsel and principal, bringing over two decades of experience in acquiring, developing, and operating real estate in New York and Texas. He oversees all construction and development matters and shares responsibility for acquisitions and investment strategy. Before co-founding the firm, he served as Associate General Counsel at Strategic Value Partners, managing legal and operational matters for more than $1 billion in global acquisitions. Earlier, he practiced law at Debevoise & Plimpton LLP and Gibson, Dunn & Crutcher LLP. He earned a B.A. in Economics and Psychology and a J.D., magna cum laude, from Cornell University, where he was recognized as a John M. Olin Scholar in Law and Economics.
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