New York City-based Cava Construction & Development, a construction management company specializing in high-rise buildings, has named Peter Serpico as chief executive officer. Serpico, who has been acting in this role already, will now be formally responsible for the strategic direction and growth of the company, day-to-day operations and oversight on all Cava Construction projects.

99 Washington Street

Cava Construction specializes in high-rise construction, like the 50-story Gene Kaufman-designed hotel at 99 Water Street in Manhattan. Credit: Cava Construction

Cava Construction was founded in 1994, and is a market leader in building new, out-of-the-ground high-rise construction projects in New York City and multi-level renovations of existing buildings. Over the past decade the company has built more than one million square feet of new commercial and residential high-rise space, specializing in hospitality and multi-tenant buildings. The company is projecting more than $200 million in revenues in 2015.

“Over the last 12 years, we have built a very unique company that has achieved many important milestones and grown into a major construction management firm in the New York market,” commented Serpico. “Cava Construction has the best team in the city, and we are excited to continue making our mark on the New York skyline by taking on challenging new projects that include both new, out-of-ground construction and complex interior renovations. I look forward to working with all our dedicated employees, partners and clients to build Cava Construction’s market leadership position by bringing new levels of innovation, customer experience and value to the marketplace.”

Serpico has 30 years of construction management experience and is a co-founder of Cava Construction. He began his career in construction working on building sites in his native Queens, New York. Prior to founding Cava Construction, Serpico led his own construction and development company, focusing on residential buildings in the New York City metropolitan area, including Westchester and the outer boroughs.