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February 20, 2023 / 2023 Power 50

2023 Power 50: 5. Alan Lazowski

HBJ PHOTO | STEVE LASCHEVER Alan Lazowski, head of Hartford-based parking empire LAZ Parking and a key area real estate investor.
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Alan Lazowski is arguably Hartford’s most influential businessman.

He is the CEO and founder of LAZ Parking, one of the largest parking operators in the United States that’s spent the last year expanding its footprint nationwide. 

It’s won new contracts in recent months to manage parking facilities in some of the U.S.’ largest, most influential cities including Boston and San Francisco. 

Lazowski has also been focused on trying to establish partnerships with innovative transportation technology companies in order to broaden the appeal of his parking lots. 

In November he announced a partnership with Avail, a car-sharing company that initially launched services at 20 LAZ locations across Chicago and Denver.

The partnership allows monthly parking subscribers to earn supplemental income by sharing their vehicles at a commercial garage.

Besides his parking business, Lazowski has increasingly gotten into real estate development and investment in Hartford.

He teamed up with New York landlord Shelbourne Global Solutions LLC in 2019 to buy the Gold Building for $70.5 million, and is a partner, with developer Martin Kenny, on an ongoing $100-million redevelopment of downtown’s Pratt Street corridor. Lazowski and Kenny also 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. 

Lazowski has said that he thinks there is room for several thousand more new apartment units downtown, possibly even conversion of one of the city’s large Class A office towers.

Lazowski said he is also hoping to see state support for some form of financial incentives to bring new office tenants to Hartford, which has suffered as companies continue to embrace remote work coming out of the pandemic. 

Find out who else is in the 2023 Power 50.

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