Randy Salvatore is founder and CEO of RMS Companies, a real estate development, construction and hospitality firm. He oversees the company’s strategic direction and operations across its residential, commercial and hotel portfolio in Connecticut and New York.
Over the past year, Salvatore said RMS continued expanding its multifamily development pipeline, including Portrait at City Crossing (237 apartments); 74 Broad St. in Stamford (280 units); 177 Broad St. in Stamford, acquired in December 2025 with plans to convert the property into 231 apartments; 91 Hope St., a for-sale condominium development in Stamford; 51 South (134 units, opened March 2025); and Scribe in Norwalk (204 units, opened November 2025).
He also cited the ongoing expansion of the Lloyd Hotel in Stamford, which will add 52 guest rooms, meeting space, a restaurant and outdoor courtyard gardens.
Looking ahead, Salvatore said real estate development is increasingly shaped by rapidly changing variables, including construction costs, interest rates, economic conditions and public policy, creating both uncertainty and opportunity.
What qualities are most essential for effective leadership today?
Changes are happening very quickly all around us, from geopolitical events to AI and other technological advances, which makes it critical to look ahead and be prepared to make necessary investments and organizational changes in order to adapt to a potential new world order.
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What do you value most about living or doing business in Connecticut?
Connecticut has always been my home, and it offers such a diversity of experiences from urban areas to small New England towns, to the coastline and large swaths of farmland.
What is one change that would make Connecticut more competitive economically?
I believe it is critical for the state to continue paying down long-term pension obligations without increasing taxes and driving away large parts of the tax base.
Favorite podcast: “All In”
Hobby or leisure activity: Golf and tennis