Harrison Lefrak
While we target the household and office sectors, LeFrak affiliates also invest in several hospitality and retail belongings.
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Sure. We went through four or five dips on the market, but we had adequate capital and the determination. The point that It will probably be there extensive just after I’m absent is rather enjoyable.
Built by Arquitectonica, a business based in Miami, the building offers unobstructed river sights as it sits on steel piles extending on to the river. “It’s like you’re on a cruise ship,” Richard LeFrak explained.
If there’s another thing which makes Ellipse get noticed between Jersey City’s rising inventory of rentals, it’s the developing itself. Named immediately after its oblong form, the making…
Richard LeFrak, a genial, simple and in many cases-keeled tycoon, shows Not one of the noisy flamboyance of his father, but the entire family members’s operate ethic and aversion to significant-hazard funding. You can find little if any personal debt over the spouse and children’s holdings: 22 million sq. toes of residential house, the equivalent of about 25,000 apartments, and twelve million sq. ft of office space.
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Standing on the muddy pile of concrete and brick at the sting of the construction internet site in Jersey Town, the developer Richard LeFrak glanced up on the forty one-Tale glass and metal tower increasing to the lender from the Hudson River.
… He was rather Daring to develop these types of a significant-scale advanced Along with the intention that or not it's totally occupied.”
Forbes introduces the 1st at any time rating of decabillionaire family members, who will be value $ten billion or maybe more. Some famous families make the Reduce; Other individuals much like the Kennedys and Gettys slide limited.
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Mr. LeFrak’s close friends describe him as smart and well preferred, noting that he's the chairman and sole member in the membership committee in the Atlantic Golfing Club in Bridgehampton, where by he is referred to as Mr. Golf.