A Real Estate Development Corporation.

Improving Neighborhoods. One Block at a Time

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Latest News

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…

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La Cité Development Announces Major Updates to Poppleton Redevelopment Project

New Transaction with the Housing Authority of Baltimore City to Allow for Next Phase in Urban Renewal Plan New York, NY, August 24, 2023 - La Cité Development, an award-winning…

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La Cité Development Secures Major Funding Commitment to Support Edgar Allan Poe House & Museum

Three-year Commitment by Wells Fargo Invests in West Baltimore’s Local Culture and Community  New York, NY, August 1, 2023 -  La Cité Development’s commitment to revitalize neighborhoods throughout the U.S just…

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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 MWBE 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.

Investment Strategy

1

Identify Growth

Investing in neighborhoods that are undervalued, in a current growth stage, and have complementary development projects in the surrounding areas.

2

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.

3

Low Interest Loans

Utilizing low interest rate loans.

4

Team Building

Utilizing a team of well seasoned architects, attorneys, and contractors who are capable and have an established track record of exceptional performance.

5

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;

6

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%;

7

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;

8

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.

team@lacitedevelopment.com

NYC Headquarters

475 Park Avenue South, 7th Floor
New York, NY 10016