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 Baha Mar
SLS Baha Mar Hotel & Residences will offer a playful sophistication to Baha Mar featuring 300 rooms, and 107 one-, two- and three-bedroom residences, creating an unprecedented ownership opportunity that blends world-class décor, lifestyle amenities and exclusive access to the sbe hospitality platform and global concierge.
Following the successful sellout of SLS Brickell Hotel & Residences, sbe and The Related Group, along with The Allen Morris Company have developed SLS LUX Brickell as an unprecedented suites and residential offering unlike anything else in the market.
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.