Founded in 1901, LeFrak owns an extensive 40 million square foot portfolio of real estate concentrated in the New York, Miami, Los Angeles, and London metropolitan areas. The company focuses primarily on the residential and office sectors, but its affiliates also own significant hotel and retail assets.
Recognized as one of the world’s leading building firms, LeFrak and its affiliates have developed and built a commanding majority of their own portfolio. A vertically integrated firm, LeFrak is known for its excellence in design, construction, engineering and urban planning, and has been acclaimed internationally for responsible community development and sensitivity to environmental sustainability.
LeFrak’s conservative financial strategies have made it one of the strongest companies in the real estate industry. Its stable balance sheets, ample capital resources, and robust cash flow have resulted in an unparalleled ability to swiftly execute on desirable projects without having to rely upon the markets.
Over the past 100 years LeFrak has consistently demonstrated its capacity to build a world-class real estate portfolio through multiple market cycles.
Since 1985, LeFrak has been developing Newport, which, at 400 acres, is the largest waterfront community in the United States, and one of the nation’s most successful master planned mixed-use communities. Newport currently consists of approximately 14 million square feet of space, including 6,000 residential units, 8 million square feet of Class “A” office space, 616 hotel rooms, 2 million square feet of retail, dining and hospitality, 2 million square feet of on-site parking, and a 1.1 mile long waterfront esplanade. A state-of-the-art community, Newport’s high-tech infrastructure, includes all new utility, roads, and communications networks. The total cost of the project to date exceeds $3 billion.