NYC business and real estate elite mingle in the Hamptons to boost Mayor Eric Adams’s reelection campaign

·ElectionsNYC and real estate elite mingle in the Hamptons to boost Mayor Eric Adams’s reelection campaignBY Lily Mae LazarusBY Lily Mae LazarusFellow, NewsLily Mae LazarusFellow, NewsLily Mae Lazarus is a news fellow at Fortune

SEE FULL BIO Kenneth Fishel, right, is among several tycoons mobilizing support for sitting NYC mayor Eric Adams, center

After Andrew Cuomo’s primary defeat, they see him as the next-best alternative in the city’s upcoming election, and they’re throwing him elite fundraising events

New York City mayoral candidate Zohran Mamdani’s Democratic Party primary win against former governor Andrew Cuomo sent the city’s community into a tizzy

Now the überwealthy and New York’s real estate scene are rallying around a not-so-new candidate: Mayor Eric Adams

The hedge fund manager endorsed Adams on X, pitching him as someone prepared to take on the democratic socialist candidate

Meanwhile, over the July 4 weekend Kenneth and Maria Fishel, the couple behind a New York real estate empire and the firm Renaissance perties, cohosted an Adams fundraiser in the Hamptons

The event at his Hamptons, he said, counted more than 100 guests from all sectors of and industry

Although the exact amount raised at the party hasn’t been tallied up yet, said Fishel, he predicts the event will ultimately bring millions to the Adams campaign. “It was a great day,” Todd Shapiro, publicist for the Adams campaign, told Fortune. “The mayor felt it was one of the best fundraisers he’s had. ” Since the event, Fishel said fellow and real estate leaders have told him they plan to his lead with similar events in support of Adams

They support the mayor’s policies on housing, zoning, capitalism, and public safety that they see as favorable

These industry titans are particularly concerned by Mamdani’s plans to freeze rents on rent-stabilized apartments, and increase income and corporate taxes

As for Adams, he has voiced opposition to significantly raising corporate taxes and supports lining the housing development apval cess to create more affordable and regular housing

Marc Holliday, chief executive of the New York–based real estate investment trust SL Green Realty, is reportedly throwing an Adams fundraiser on Wednesday with dozens of New York’s real estate elite in attendance

Shapiro confirmed these details to Fortune

Similarly, real estate investor Epstein has his own plans to support Adams’ reelection efforts

Epstein, according to the Journal, has several Adams events planned for August, including a private dinner and campaign events to target younger voters using social media influencers

Shapiro and Epstein confirmed plans for these events to Fortune

He has appeared repeatedly on Fox and on social media calling on voters to cast their ballots for Adams. “The goal is to open minds, not lecture

I want people to hear from Eric directly, to see and feel his deep love for New York, his understanding of its challenges, and his commitment to all New Yorkers,” Epstein told Fortune

He sees Mamdani’s platform as “neither economically viable nor legally achievable,” pointing to posed tax hikes and Mamdani’s mise to make buses free. “I don’t believe in perfection, I believe in leadership

Adams isn’t running on ideology or slogans

He’s making hard decisions, stabilizing the city, and dering measurable results,” he added

Alongside his events for younger voters, Epstein said he will be opening his Hamptons to a small group of influential donors. “These are people who don’t just write checks, they mobilize communities,” he said, but did not name any of these high-file individuals

Several other leaders in the city have opened their wallets to the mayor

By donating through an intermediary, meaning a go-between organization linking donors with organizations they wish to support, donors receive counsel and administrative support in their contributions and are able to pool larger sums of money from various sources for a specific recipient

Individual contributors to the Adams campaign have also helped fund his reelection bid

Several thousand in donations were also made by real estate mogul Alexander Rovt and his son Maxwell, who own a large real estate portfolio in New York and overseas

Madison Square Garden Entertainment, Marc Holliday, and members of the Cayre, Gindi, and Rovt families did not respond immediately to Fortune requests for

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