Tagged: Robb LaKritz

Chilean Wine – A Brief History

Chilean Wine pic

Chilean Wine
Image: chilean-wine.com

For more than 13 years, Robb LaKritz has served as managing partner of LaKritz Adler Development in Washington, DC. In his free time, Robb LaKritz enjoys skiing, playing tennis, and gardening. He’s also a wine collector who favors wines from France, Italy, and Chile.

The history of Chilean wine dates back to the mid-16th Century when Spanish religious leaders planted the first vineyards to supply wine for Catholic mass. The Spanish quickly discovered that Chile had an excellent climate for growing grapes, and the practice soon spread throughout the country. Not long after Chile gained independence from the Spanish in the early 1800s, the country was already home to more than 19 million grape vines.

By the midpoint of the 19th Century, Chilean winemakers were producing several varieties of wine and exporting their products throughout European markets. Highly regarded, early Chilean wines were recognized at fairs and competitions and eventually took home the Paris Grand Prix award in the latter part of the 1800s.

Although the wine industry in Chile stagnated during the 20th century, it eventually recovered and regained its spot among the world’s finest wine producers. Today, Chile exports wine to more than 90 countries and is known around the globe for offering both quality and value.

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Urban Land Institute Fall Meeting Units Real Estate Professionals

Urban Land Institute pic

Urban Land Institute
Image: uli.org

 

 

Robb LaKritz serves as the chief executive officer of LaKritz Holdings in Miami, Florida, and is the cofounder and chairman of LaKritz Adler Development in Washington, DC. Recognized by Washington Life Magazine as one of the most influential people under 40, Robb LaKritz belongs to the Urban Land Institute (ULI) alongside his other professional activities.

The organization is preparing for its ULI Fall Meeting, which will unite more than 6,000 professionals from across the real estate industry. Participants will receive fresh perspectives on important industry issues and form professional connections while touring innovative developments. Meeting sessions will include an assortment of networking events, special programs, and ticketed events. Furthermore, each day of the conference has a different focus, with day one dedicated to tours, day two reserved for presentations from industry leaders, day three focused on products and trends, and day four wrapping up the conference with a look at notable real estate deals.

Registration for the meeting covers general and concurrent programs, including the cocktail reception on the third day. Participants may also purchase tickets for mobile workshops and special-interest tours. Fees for registration vary according to a number of factors, such as ULI membership, student status, and designation as a government or nonprofit group.

The ULI Fall Meeting will take place at the Los Angeles Convention Center in California on October 23 through October 26, 2017.

Preservation Initiatives Grant Program Supports Historic Preservation

 

Preservation Initiatives pic

Preservation Initiatives
Image: planning.dc.gov

Robb LaKritz manages the award-winning real estate development company LaKritz Holdings in Washington, DC, and oversees the construction of numerous commercial and residential buildings. Beyond his obligations to the company, Robb LaKritz belongs to the DC Preservation League. The DC Preservation League provides financial support for the preservation of historic sites through Preservation Initiatives (PI) Grant Program.

The PI Grant Program provides non-profit groups and individuals with matching grants designed to introduce the public to preservation concepts and techniques while stimulating discussion on the topic. Grants open doors for access to technical expertise and foster partnerships, in addition to offering the necessary funding for preservation planning, research, and education. Sites targeted by the grants include brick-and-mortar projects associated with historic and cultural significance.

Three separate funding sources support the PI Grant Program: the Virginia Avenue Tunnel, the Brightwood Car Barn, and the Mid-Century Modern and Religious Properties. Each funding source involves a specific area of the city and focuses on a different aspect of historical preservation. For instance, Brightwood Car Barn provides funding to the Brightwood Community and Ward 4 and enhances the knowledge of historic resources that contribute to the area’s cultural heritage. The Virginia Avenue Tunnel distributes funds to historic resources within the area surrounding the Virginia Avenue Tunnel Reconstruction Project and the Mid-Century Modern and Religious Properties funding source targets mid-century and religious architecture.

The ULI Hines Student Competition

Urban Land Institute pic

Urban Land Institute
Image: uli.org

An experienced investment professional who has served as an advisor to the United States Treasury, Robb LaKritz is the chairman of global private equity fund LaKritz Holdings, LLC, and a managing partner with LaKritz Adler Development, LLC, which redevelops historical buildings. To inform his work with LaKritz Adler Development, Robb LaKritz maintains membership with the Urban Land Institute (ULI).

Each year, the ULI holds the Hines Student Competition, an urban design challenge for graduate students. Students split into teams of five, which must represent at least three different disciplines, to create developments to make the best use of the land the competition assigns to them. Solutions must include relevant drawings, plans, and financial data.

Though there is no expectation that any submitted solutions will be used for the site, the award offers the teams the opportunity to develop real-world experience in land use and property development. The winning team earns $50,000, and all other finalist teams receive $10,000.

The Aspen Institute’s Ascend Program

Ascend Program pic

Ascend Program
Image: aspeninstitute.org

The cofounder of LaKritz Adler Development, Robb LaKritz is an experienced investor who has overseen a number of high-profile real estate projects. Beyond his professional duties, Robb LaKritz is a member of nonprofit The Aspen Institute, which focuses on developing enlightened leadership in current and future leaders.

One of The Aspen Institute’s many initiatives is the Ascend Program, which it established in 2010, in collaboration with the national hub for breakthrough ideas, as a two-generational program that provides parents and their children with the tools they need to move towards economic success and security. As such, the program creates solutions and advocates for policies that focus on health, well-being, social capital, education, and financial support.

Working alongside the families that it aims to elevate, the Ascend Program provides better outcomes for both parents and their children, while also creating a network of leaders who can open educational and career pathways for others. As a result, it also creates conversation points around the challenges low-income families face.

Benefits of Joining the Urban Land Institute

Urban Land Institute pic

Urban Land Institute
Image: uli.org

A former US Treasury advisor, Robb LaKritz maintains concurrent responsibilities as founder and managing partner at LaKritz Adler Development and as chairman of LaKritz Holdings, LLC. Complementing his professional work, Robb LaKritz serves as a member of the Urban Land Institute (ULI).

Over the last eight decades, ULI has emerged into one of the most influential real estate development and land use organizations in the world. Today, the Institute boasts a member-base of nearly 40,000 professionals who work in both the public and private sectors. Each of these individuals has the unique opportunity to take advantage of ULI’s numerous member benefits.

Anyone can engage with ULI as an associate member and become part of the organization’s largest group of affiliates. Though the organization does not offer its full range of benefits to these individuals, it still connects them with discounted educational events, opportunities to become Council leaders, and an exclusive list of online job postings.

ULI also offers a full membership bracket to those who work in the real estate and land industries. These professionals receive all associate benefits and more that help foster their career growth. In addition to extended leadership opportunities, full members receive the chance to mentor others in their field and present at prominent industry events.

Real Estate Projects at LaKritz Adler

LaKritz Adler Development, LLC pic

LaKritz Adler Development, LLC
Image: lakritzadler.com

Based in Washington, DC, Robb LaKritz has built a wide-ranging career as a global lawyer, policymaker, and business professional. As founder and managing partner of LaKritz Adler Development, Robb LaKritz has overseen an array of real estate redevelopment initiatives throughout the DC area.

Since its inception in 2002, LaKritz Adler has fostered the vision of an improved Washington DC. The firm began by restoring the city’s historic Shaw neighborhood and has since continued its goal with a number of other renovation projects, including the following:

8415 Fenton
Through a partnership with the First Baptist Church of Silver Spring, LaKritz Adler has initiated a project that aims to renovate two acres of real estate in the city’s downtown area. When completed, the new building will feature nearly 100,000 square feet of space for shopping, religious worship, and residential living.

Petworth Station
In 2010, LaKritz Adler completed a renovation project at the empty gas station site across from Washington DC’s Petworth Station. After removing contaminations and rebuilding the site, the firm unveiled a new CVS that is the first to serve the neighborhood in several years.

The Moderno
In an effort to update the historic U Street section of Washington DC, LaKritz Adler purchased several lots in close proximity to the local metro station and established The Moderno in their place. Encompassing a total of 30,000 square feet, the building now boasts nearly 20 European-influenced condominiums and a retail area to accommodate the residents’ various shopping needs.

Renaissance Weekend Invites Prominent Leaders to Discuss Big Issues

Renaissance Weekend pic

Renaissance Weekend
Image: renaissanceweekend.org

Robb LaKritz cofounded LaKritz Adler Development in 2004 and has spearheaded a variety of high-profile sales and developments since then. As an experienced developer and financial professional, Robb LaKritz has been invited to join celebrities and world leaders at Renaissance Weekend events.

Renaissance Weekend invites diverse leaders from all manner of disciplines to come together for the “grand-daddy of ideas festivals.” Talented musicians, Olympic athletes, politicians, CEOs, and Nobel laureates join other influential individuals for a weekend of thought-provoking dialogue. All participants at Renaissance Weekend events are welcome to share their experiences and thoughts on a wide range of contemporary issues.

The invitation-only event is limited to participants who have achieved widespread recognition for contributions to their field. Invitees who exhibit the spirit of the renaissance, or a well-balanced appreciation of intellectual pursuits, are sought after. Former attendees include Buzz Aldrin, Bill and Hillary Clinton, Stephen Colbert, and Al Franken.

Revived Veritas Building Highlights Capital’s Neoclassical Look

Veritas Building pic

Veritas Building
Image: lakritzadler.com

Robb LaKritz, an accomplished attorney and former Treasury Department official, co-founded the Washington, DC-based firm of LaKritz Adler Development in 2003. As managing partner and chairman of the firm’s investment committee, he has overseen the execution of numerous successful real estate development projects, including the sale of the historic Dupont Circle Starbucks building in 2014. Among other notable DC-area acquisitions, Robb LaKritz and Josh Adler converted the historic Veritas Building – once an embassy – into a contemporary retail-office space while maintaining its historic features.

The neoclassical Veritas Building, almost unused at the time of the LaKritz Adler purchase, began to thrive after the firm welcomed new tenants that included the Veritas Wine Bar and a major law office. Within a few months of the restoration, the building was fully occupied. Situated at the intersection of Connecticut and Florida Avenues and near the Dupont Circle metro station on the Red Line, the Veritas Building features a stunning facade.

The building’s style typifies the architectural look of the District, which in its early history adopted the neoclassical esthetic echoing ancient Greece and Rome in the majority of its public structures. Throughout the first third or so of the 19th century, major cities along the eastern seaboard continued to use the neoclassically inflected Federal and Greek Revival styles.

The Purchase of the MacArthur Professional Center

Robb LaKritz As the chairman of LaKritz Holdings LLC, Robb LaKritz oversees real estate investment initiatives. Robb LaKritz also serves LaKritz Adler Real Estate Development, a company he co-founded, as a managing member.

In 2014, Rock Creek Property Group, following its acquisition of five commercial properties, sold the MacArthur Professional Center to LaKritz Adler. Rock Creek had purchased the three-story building in 2005 for $10 million. Located in close proximity to the Maryland-Washington border, the MacArthur Professional Center has a history dating back to the late 1960s and has since undergone renovations. Due to appreciation, Rock Creek transferred ownership to LaKritz Adler in exchange for nearly $15 million.

The building comprises 43,600 square feet, providing businesses with office space and retailers with storefronts. As of its acquisition, the center was home to a Starbucks as well as Brookville Pharmacy. Its other tenants included Interplan and John I. Haas.