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Alan Lazowski’s national parking empire took a hit over the past year amid the COVID-19 pandemic, but his influence in Hartford has only grown.
The LAZ Parking founder has increasingly gotten into real estate development and investment in Hartford in recent years.
He and New York landlord Shelbourne Global Solutions LLC teamed up in 2019 to buy the Gold Building for $70.5 million, and are partners, with developer Martin Kenny, on an ongoing $100-million redevelopment of downtown’s Pratt Street corridor.
In December Lazowski and Kenny acquired a 50% ownership stake in four large Class A apartment buildings in downtown Hartford, known as the Spectra apartments. They contain a combined 554 mostly market-rate apartments.
In normal times, LAZ Parking operates more than 1 million parking spaces in thousands of locations across the country, with 15,000 employees. However, Lazowski has been managing headwinds from the pandemic, which has led to widespread event cancellations, creating far less demand for LAZ’s parking lots.
The son of Holocaust survivors, he served as a member of the United States Holocaust Museum’s Council and is a current national board member of the NAACP. He also serves on the boards of many local nonprofits.
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Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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