’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. Check out the Hartford Business Journal's Power 50 class for 2021 here >>