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
Market Data | Jan 6, 2023
Nonresidential construction spending rises in November 2022
Spending on nonresidential construction work in the U.S. was up 0.9% in November versus the previous month, and 11.8% versus the previous year, according to the U.S. Census Bureau.
Industry Research | Dec 28, 2022
Following a strong year, design and construction firms view 2023 cautiously
The economy and inflation are the biggest concerns for U.S. architecture, construction, and engineering firms in 2023, according to a recent survey of AEC professionals by the editors of Building Design+Construction.
Performing Arts Centers | Dec 23, 2022
Diller Scofidio + Renfro's renovation of Dallas theater to be ‘faithful reinterpretation’ of Frank Lloyd Wright design
Diller Scofidio + Renfro recently presented plans to restore the Kalita Humphreys Theater at the Dallas Theater Center (DTC) in Dallas. Originally designed by Frank Lloyd Wright, this theater is the only freestanding theater in Wright’s body of work.
University Buildings | Dec 22, 2022
Loyola Marymount University completes a new home for its acclaimed School of Film and Television
California’s Loyola Marymount University (LMU) has completed two new buildings for arts and media education at its Westchester campus. Designed by Skidmore, Owings & Merrill (SOM), the Howard B. Fitzpatrick Pavilion is the new home of the undergraduate School of Film and Television, which is consistently ranked among the nation’s top 10 film schools. Also designed by SOM, the open-air Drollinger Family Stage is an outdoor lecture and performance space.
Adaptive Reuse | Dec 21, 2022
University of Pittsburgh reinvents century-old Model-T building as a life sciences research facility
After opening earlier this year, The Assembly recently achieved LEED Gold certification, aligning with the school’s and community’s larger sustainability efforts.
Multifamily Housing | Dec 20, 2022
Brooks + Scarpa-designed apartment provides affordable housing to young people aging out of support facilities
In Venice, Calif., the recently completed Rose Apartments provides affordable housing to young people who age out of youth facilities and often end up living on the street. Designed by Brooks + Scarpa, the four-story, 35-unit mixed-use apartment building will house transitional aged youths.
Coatings | Dec 20, 2022
The Pier Condominiums — What's old is new again!
When word was out that the condominium association was planning to carry out a refresh of the Pier Condominiums on Fort Norfolk, Hanbury jumped at the chance to remake what had become a tired, faded project.
Cladding and Facade Systems | Dec 20, 2022
Acoustic design considerations at the building envelope
Acentech's Ben Markham identifies the primary concerns with acoustic performance at the building envelope and offers proven solutions for mitigating acoustic issues.
Sponsored | Resiliency | Dec 14, 2022
Flood protection: What building owners need to know to protect their properties
This course from Walter P Moore examines numerous flood protection approaches and building owner needs before delving into the flood protection process. Determining the flood resilience of a property can provide a good understanding of risk associated costs.
Architects | Dec 14, 2022
Carol Ross Barney, FAIA, named 2023 AIA Gold Medal honoree
The Board of Directors and the Strategic Council of the American Institute of Architects (AIA) are honoring Carol Ross Barney, FAIA, with the 2023 Gold Medal. The Gold Medal honors an individual whose significant body of work has had a lasting influence on the theory and practice of architecture.
