5 Simple Techniques For Lefrak Organization

5 Simple Techniques For Lefrak Organization

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Harrison Lefrak

Gateway is the first household development to acquire shape in Battery Park Town, which is surrounded by A personal park.

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As Portion of the celebration’s programming, the developer sat down with The true Offer publisher Amir Korangy on the 13th floor of Newport Tower, that's Among the many 5 million square ft of places of work and greater than seven,000 apartments that the company has developed alongside the Jersey City waterfront.

In 1960 the company introduced its biggest endeavor still: Lefrak Metropolis, a substantial-rise household progress on a swampy but strategically Situated forty-acre Queens web page bought for $7 million. Developed with no government help of any type, not even Federal Housing Authority property finance loan coverage, it absolutely was the largest privately financed condominium advancement in the world.

Newport didn't take place with out community support. In 1983, two yrs following Samuel LeFrak initially took an interest in the region, but ahead of he acquired any of it, Jersey Town acquired a $forty million federal city improvement grant to develop infrastructure on the waterfront. At time, it had been the biggest such grant in U.s. record.

Two or three months immediately after Jersey Metropolis’s newest luxurious rental, Ellipse introduced pricing on its rentals, developer LeFrak has released leasing over the 41-Tale constructing’s 381 apartments. Additionally,…

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Known for apartments for average-income tenants while in the regions all over New York City, LeFrak has not too long ago been expanding into luxury and new marketplaces.

Our roots in residential property return to our founding, and today LeFrak get more info is probably the premier privately held apartment homeowners in the state. From Ny and New Jersey to California, Washington and Florida, we meet up with various dwelling requires with extremely significant-high-quality possibilities.

Standing over a muddy pile of concrete and brick at the edge of the building web-site in Jersey Town, the developer Richard LeFrak glanced up on the forty one-Tale glass and metal tower climbing on the financial institution of your Hudson River.

The privately financed undertaking obtained tax abatements and a $forty million federal urban development grant, the most important ever.

The corporate’s principal concentrate is on Place of work and residential properties, but Additionally, it invests in retail and hospitality Qualities and has investments beyond property also in Power, securities and personal enterprises.  

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Mr. LeFrak’s buddies explain him as good and perfectly preferred, noting that he's the chairman and sole member in the membership committee on the Atlantic Golf Club in Bridgehampton, where by he is named Mr. Golfing.

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