La Cite Development

Name

La Cite Development

Legal name

La Cité Development, LLC

Website

https://lacitedevelopment.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), Residential Building Construction (23611), New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Urban & Regional Planning (Land Use, Zoning, Master Planning) (BPAIANAD)

Keywords

• Real estate development
• Mixed-use development
• Affordable housing
• Workforce housing
• Community development

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development and Sales: La Cité Development generates revenue through developing residential and mixed-use properties for sale or lease. This includes single-family homes, townhomes, condominiums, apartment buildings, and mixed-use developments. Revenue is generated from property sales at market rate, affordable housing units, and commercial space leasing within developments.
2. Property Management and Rental Income: The company generates recurring revenue from Class A multi-family apartment buildings within their developments (e.g., Center\West). Properties include workforce housing (20% of units) and market-rate rentals with amenities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

La Cité Development is a privately held real estate development corporation that develops, owns, and manages residential and mixed-use properties across the United States. The company develops market-rate and affordable housing — including master-planned communities, luxury apartments, condominiums, townhomes, workforce housing, and hotel properties — with a focus on integrating affordable housing components into neighborhoods identified as needing revitalization.

Product overview

La Cité Development is an award-winning real estate development corporation offering a portfolio of residential, mixed-use, and hotel developments across the United States. The company's primary product is its large-scale master-planned community development, Center\West in Baltimore, which encompasses luxury apartment buildings (Avra and Cirro), single-family homes, and mixed-use components. Additional products include workforce housing (Village Lofts in Hempstead, NY), condominium developments (Harlem I & II in Manhattan), luxury condominiums (Loft 5 in Las Vegas), and luxury hotel developments (Ritz-Carlton South Beach and Ritz-Carlton Golf Club & Spa in Florida). The company operates as an impact-forward developer with a focus on affordable and workforce housing components integrated into market-rate developments.

Differentiator

Problem solved

Functional benefit

Products and services

• Center\West Large-scale master-planned mixed-use redevelopment of 32.94 acres in the Poppleton neighborhood of West Baltimore, Maryland. The $800 million project includes approximately 2,853 residential units across about 30 buildings, 250,000+ sq ft of commercial space, retail, hotels, and infrastructure upgrades. Approximately 20% of units are designated workforce housing with the remaining 80% at market rate.
• Center\West Avra Luxury Class A apartment building at Center\West featuring spacious apartments with cityscape views, heated salt-water pool, 24/7 fitness center, yoga practice area, resident clubroom, green courtyards, grill area, private dog park, and penthouse-level lounge.
• Center\West Cirro Stylish Class A luxury apartment building at Center\West featuring state-of-the-art LATCH keyless entry technology (unique to La Cité's Baltimore properties), 24/7 fitness center with yoga space, boutique-style living with shared access to AVRA amenities including resort-style pool, sun deck, rooftop lounge, and pet bathing stations.
• Village Lofts 29-unit modular rental housing development in Hempstead, New York targeting moderate-income residents. Features 1- and 2-bedroom units including duplex configurations in approximately 32,263 sq ft. First modular high-rise in Nassau County with amenities including laundry, storage, lobby, and landscaped courtyard.
• Harlem I Four scattered-site developments in Harlem, Manhattan creating condo units and freestanding brownstones for homeownership. Properties at 110 West 127th, 143 West 123rd, 209 West 111th, and 56 East 126th Streets. Includes six duplex units for single-family homeownership plus two floor-through units targeting mid- to upper-end Harlem market.
• Harlem II Two development sites in Central Harlem at 51 W. 126th Street and 60 W. 126th Street awarded by NYC HPD through Homeworks/203K program. Two 4-story buildings for condo construction targeting mid- to upper-end Harlem housing market.
• Loft 5 10-acre luxury loft-condominium development in Las Vegas, Nevada near the Strip. 272 condominium units featuring penthouse lofts with private sky decks, multilevel lofts with 20' ceilings and private terraces. Amenities include courtyard pools, hot tubs, fire pits, fitness facilities, club lounge, theater screening rooms, and concierge.
• Ritz-Carlton South Beach Complete restoration of the 1953 Morris Lapidus-designed DiLido hotel in Miami's historic Art Deco district. 376 luxury guest rooms, 16,000 sq ft four-star spa, two restaurants, elevated outdoor pool, and 20,000 sq ft of meeting facilities.
• Ritz-Carlton Golf Club & Spa Exclusive 300-acre residential community in Jupiter, Florida developed in partnership with Ritz-Carlton and Golden Bear Inc. Features 60 fractional ownership homes, 30 estate residences, 44 residences, 18-hole Jack Nicklaus signature golf course, 68,000 sq ft clubhouse, and 15,000 sq ft spa.

Quantifiable outcome

• 40+% crime reduction in Poppleton area since redevelopment
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered flagship, core, major and minor.

• NVR Ryan HomesflagshipStrategic or Co-development Partner · 25 April 2024Agreement signed with NVR Ryan Homes (nation's 4th largest homebuilding company, 75% market share in Baltimore) to add 180 units of single-family homes to Center\West development. Development includes 48 condo units and 132 townhomes on seven acres with estimated $60M investment. Groundbreaking expected Q3-Q4 2024.
• Housing Authority of Baltimore CitycoreStrategic or Co-development PartnerLand disposition and development agreement partner for urban renewal projects. Transaction to sell 16,553 sq ft site for Poe Homes redevelopment valued at $1.1 million. HABC is the 5th largest housing authority in the US.
• City of BaltimorecoreStrategic or Co-development PartnerMunicipal partner for Center\West redevelopment with fully negotiated Land Disposition Agreement. $800M project on 32.94 acres in Poppleton neighborhood.
• Clayton HomesmajorStrategic or Co-development PartnerModular construction partner for Village Lofts project in Hempstead, NY. Built prefabricated modules at Tennessee factory, saving 15% on construction costs (over $1 million). Project created 29 units of workforce housing.
• BRP Development Corp.majorStrategic or Co-development PartnerDevelopment team partner for Center\West project.
• JDavis ArchitectsmajorTechnology or IntegrationArchitecture partner for Center\West development.
• GenslermajorTechnology or IntegrationArchitecture and design partner for Center\West project.
• Long Island Housing PartnershipminorStrategic or Co-development PartnerCommunity partner for Village Lofts affordable housing project in Hempstead, NY.
• Nassau County Housing Development Finance Corp.minorStrategic or Co-development PartnerCommunity development finance partner for Village Lofts project.
• Pavia & Harcourt LLPminorOthersLegal services partner for Center\West development.
• McGuire Woods LLPminorOthersLegal services partner for Center\West development.
• Reno and Cavanaugh, PLLCminorOthersLegal services partner for Center\West development.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BRP Development Corp. Mid-size urban mixed-use and affordable housing developer with comparable footprint in Baltimore and other East Coast markets. BRP is already a co-development partner on Center\West, making it the closest operational and portfolio peer to La Cité.
• The NRP Group: National developer of affordable, mixed-income, and market-rate multifamily housing with significant use of LIHTC and FHA financing — directly mirroring La Cité's affordable/market-rate blend and reliance on government-sponsored housing capital.
• L+M Development Partners: New York-based mixed-income housing developer that partners with housing authorities and municipalities to deliver affordable and market-rate units — closely comparable to La Cité's Harlem, Hempstead, and HABC-style projects.
• Pennrose: Multifamily developer specializing in affordable, mixed-income, and market-rate communities with public-private partnerships. Comparable in business model, financing stack (LIHTC, FHA), and urban/suburban infill focus.
• Jonathan Rose Companies: Impact-driven real estate firm focused on affordable, mixed-income, and transit-oriented development. Strongly aligned with La Cité's impact narrative, mixed-income product mix, and institutional capital partnerships.
• McCormack Baron Salazar: National urban revitalization developer of mixed-income housing in historically disinvested neighborhoods — directly comparable mission and product (transformation of distressed urban areas via mixed-income master plans).
• The Community Builders: Nonprofit developer of affordable and mixed-income housing with strong housing-authority relationships and an East Coast footprint. Comparable in mission, deal structure, and reliance on government partners.

Broad incumbents

• The Related Companies: One of the largest US developers of mixed-use, affordable, and market-rate housing including Hudson Yards and large-scale urban master plans. A broader incumbent that competes for the same large public-sector mega-deals as La Cité but at vastly greater scale.
• Hunt Companies: Diversified national real estate developer with significant affordable and multifamily housing exposure. Larger and more diversified than La Cité but competes in the same affordable-housing capital stack and government RFP pipeline.
• Crescent Communities: National mixed-use and multifamily developer with a master-planned community product line. Comparable in master-planning capability and mixed-use delivery, though typically focused on higher-end market-rate product rather than impact/mixed-income.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about La Cite Development