Dakota Development is the award-winning international real estate development subsidiary of sbe.
With industry-leading expertise and cutting-edge design partners, Dakota Development has successfully master planned and developed a range of internationally acclaimed properties, including SLS Hotel Beverly Hills, SLS Hotel South Beach, SLS Las Vegas Hotel & Casino, The Redbury and many others.
Dakota Development adheres to one very straightforward philosophy:
COLLABORATE WITH INDUSTRY VISIONARIES TO CREATE CULTURALLY TRANSCENDENT PROPERTIES THAT BECOME A PLACE OF COMMUNITY FOR GENERATIONS.
To achieve this philosophy, Dakota Development delivers a suite of unparalleled expertise and partnerships that maximize a property’s design, functionality, technological infrastructure and budget.
SLS Park Avenue - New York City 2016
Set in the heart of Manhattan's trendy Nomad neighborhood, SLS Hotels is coming to Park Avenue in 2016.
For our New York debut we’re bringing new restaurant and nightlife concepts and an exclusive rooftop experience to bring something truly dynamic, vibrant and timeless to the community.
Seattle has been a creative hotbed for generations, and sbe CEO Sam Nazarian, designer Philippe Starck and James Beard Award-winning chef José Andrés will add their own contribution to the mix with an exciting new SLS Hotel, slated to open in 2017.
Live like a local at Hyde Hotels, Resorts & Residences with friendly service, in-house cultural happenings, and exclusive guest access to the sbe Collection of hotels, restaurants and nightlife venues. Locations coming soon to Hollywood, FL, Midtown Miami, and Coachella Valley, CA.
Dakota Development is led by its President, Joe Faust and a fully-integrated team of development and design professionals with a combined 100+ years of experience.
Faust is responsible for the entire development process of all sbe properties, and is involved in every aspect of the development process, including budgeting, construction, and fit out. He oversees initial due diligence and entitlement on all projects, and works closely with the sbe design team.
Prior to joining sbe, Faust spent 15 years at the Hyatt Hotels Corporation, where he built over $1 billion in projects. During his tenure at Hyatt, Faust directed the development and renovation of some 40 hotels and timeshare projects in the U.S. and the Caribbean. He was responsible for all design, construction development, total budget, and hand picking designers – and excelled in his ability to translate designers’ visions into cost-effective, quality construction.
Among some of the most notable projects are the Chicago-based $150 million Grand Victoria Casino, the 67-story Park Hyatt tower on Michigan Avenue, and the Hyatt Grand Aspen; which made Conde Nast Traveler’s 2006 Hot List. Prior to joining Hyatt, Faust worked for a contracting company in Phoenix, AZ, working as project manager on the Hyatt Gainey Ranch.
Faust graduated from South Dakota State University with a Bachelors Degree in Business.