Company News
La Cité Development Signs Agreement with NVR Ryan Homes for Large-Scale Single-Family Home Ownership Development in West Baltimore
New York, NY, April 25, 2024 – La Cité Development, a leading real estate development corporation announced today the signing of an agreement with NVR Ryan Homes, the nation’s 4th … La Cité Development Signs Agreement with NVR Ryan Homes for Large-Scale Single-Family Home Ownership Development in West Baltimore
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La Cité Development Receives Capital Investment from T.D. Jakes to Accelerate Efforts in Addressing Housing Crises in Baltimore
Prominent Developer Dan Bythewood, President of La Cité, joins forces with Chairman Jakes to spearhead housing solutions in Baltimore, undercapitalized areas and beyond BALTIMORE, MD, February 27, 2024 – La … La Cité Development Receives Capital Investment from T.D. Jakes to Accelerate Efforts in Addressing Housing Crises in Baltimore
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NYREJ 2023 Commercial Real Estate Visionaries: Dan Bythewood of La Cite Development
New York, NY, November 14, 2023 – La Cité Development’s President & Co-Founder Dan Bythewood has been named by the New York Real Estate Journal as a “Commercial Real Estate … NYREJ 2023 Commercial Real Estate Visionaries: Dan Bythewood of La Cite Development
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Company Profile
La Cité Development is an award-winning impact-forward real estate development corporation investing in strategic real estate ventures in the United States and abroad. An established and progressive leader in global markets, the predominant focus of La Cité’s interests is on residential and mixed-use properties spanning from rehab to new construction, with investment primarily being placed within the residential marketplace.
Our Approach
As a black-owned MBE firm, La Cité's corporate philosophy embraces investment in neighborhoods and communities that have been largely overlooked or neglected, and promotes development projects that contain affordable housing components in neighborhoods with an identified need for revitalization and the creation of modern housing stock and progressive infrastructure.
Featured Projects
Uplifting Communities
With a 20-year track record of lifting up communities, we believe in creating distinct value through our commitment to improving quality of life and providing transformative change in the lives of local communities. Recognized by Urban Land Institute’s WaveMaker Awards and by Baltimore Business Journal’s Best in Real Estate Awards, La Cité Development has been honored by local governments, community organizations and the real estate industry for its ongoing commitment to community building and to developing sustainable practices.
Investment Strategy
Identify Growth
Investing in neighborhoods that are undervalued, in a current growth stage, and have complementary development projects in the surrounding areas.
Due Diligence
Exercising a thorough and exhaustive due diligence of all projects undertaken for development to ensure that the full feasibility and risk assessment of the project has been examined.
Low Interest Loans
Utilizing low interest rate loans.
Team Building
Utilizing a team of well seasoned architects, attorneys, and contractors who are capable and have an established track record of exceptional performance.
HPD / HUD
Minimizing acquisition costs for properties by investing in a portfolio that balances HPD, HUD, and government or city disposed housing stock with a select number of open market property acquisitions;
Cash Flow
Limiting cash flow risk by hiring exceptional property management companies to ensure the long term viability of the investment by maintaining a vacancy rate of less than 5%;
Tax Abatement
Taking advantage of city based tax abatement programs. These tax abatement programs will allow La Cité to take advantage of a 15 to 20 year tax exemption allowing the projects to cash flow more than anticipated;
Equity Stake
Taking a substantial equity position alongside investors in all development projects, meaning that La Cité Development and the company’s partners are directly participating in the risks and thereby ensuring that the utmost measures have been taken to deliver optimal investor returns.
La Cité Development Headquarters
475 PARK AVENUE SOUTH, 7th FLOOR
NEW YORK, NY 10016