LargaVista Companies, a second generation real estate development, management and investment firm, and Related Companies have formed a joint venture partnership for the development of 300 Lafayette in SoHo.
The site contains the block front on East Houston Street, bounded by Lafayette and Crosby Streets in Manhattan, and will be transformed into a seven-story, mixed-use retail and office tower. The site is located at the gateway to the booming SoHo retail market, where Class A office space is scarce yet highly in demand.
The proposed development of 300 Lafayette Street, designed by COOKFOX Architects, consists of a distinctive 83,000-sf retail and boutique office building featuring floor-to-ceiling glazing set in terra-cotta and limestone frames. The environmentally friendly design incorporates a number of sustainable features and abundant outdoor space on several landscaped terraces.
"By joining forces with Related, we are introducing an exceptionally strong financial partner with proven expertise in delivering world-class properties like 300 Lafayette," said Marcello Porcelli, President of LargaVista. "This project will benefit tremendously from Related's wealth of experience in building and leasing some of the most complex projects and demanding designs in major markets throughout the globe."
The CBRE team of Mary Ann Tighe, CEO of the New York Tri-State Region, and Tom Duke, Vice President, served as real estate consultants to LargaVista at 300 Lafayette. Gregory Tosko, Vice Chairman, and Lauren Crowley, Vice President, joined the CBRE team advising LargaVista on this transaction.
Related Stories
| Oct 11, 2011
Pink light bulbs donated to Society of Memorial Sloan-Kettering Cancer Center
For every Bulbrite Pink Light Bulb that is purchased through the Cancer Center Thrift Shop, 100% of the proceeds will be donated to help support breast cancer research, education, screening, and treatment.
| Oct 11, 2011
ThyssenKrupp elevator cabs validated by UL Environment
The conclusive and independent third-party validation process is another step toward a green product line.
| Oct 11, 2011
Ballard Spahr launches real estate recovery group
The new group represents an expansion of the company’s Distressed Real Estate Initiative, which was launched in 2008 to help clients throughout the country plan, adapt and prosper in a challenging economic environment.
| Oct 11, 2011
Onex completes investment in JELD-WEN
With the completion of the JELD-WEN investment, Onex Partners III is approximately 40% invested.
| Oct 7, 2011
GREENBUILD 2011: Demand response partnership program announced at Greenbuild 2011
Program will use USGBC’s newly revised LEED Demand Response credit as an implementation guideline and leverage its relationships with the building community to foster adoption and participation in existing utility and solution provider demand response offerings.
| Oct 7, 2011
GREENBUILD 2011: Otis Elevator announces new contracts for sustainable building projects
Wins reinforce Otis’ position as leader in energy-efficient products.
| Oct 7, 2011
GREENBUILD 2011: UL Environment releases industry-wide sustainability requirements for doors
ASSA ABLOY Trio-E door is the first to be certified to these sustainability requirements.
| Oct 7, 2011
GREENBUILD 2011: UL Environment clarifies emerging environmental product declaration field
White paper defines EPD, details development process, and identifies emerging trends for manufacturers, architects, designers, and buyers.
| Oct 7, 2011
GREENBUILD 2011: Otis Elevator introduces energy-efficient escalator
The energy-efficient NCE escalator from Otis offers customers substantial “green” benefits.
| Oct 7, 2011
GREENBUILD 2011: Schools program receives grant to track student conservation results
To track results, schools will use the newly developed Sustainability Dashboard, a unique web-based service that makes tracking sustainability initiatives affordable and easy.
