LargaVista is a 2nd generation real estate development, investment and management firm based in New York City. LargaVista means “long view” in Spanish. This characterizes the company’s thoughtful approach to property acquisition and development while also paying tribute to its shareholders’ Latin American roots. LargaVista's capital deployment mindset is focused on creating shareholder value that will continue to grow decades and generations into the future. Long-term residual value is often more important than short and intermediate term revenue potential.
LargaVista specializes in the development of properties that are environmentally impacted or present unique entitlement challenges. Addressing these complicated scenarios by applying creative decision making has enabled LargaVista to generate outsized returns for over fifty years. The original company, Gaseteria Oil Corp, was founded in 1973 by Oscar Porcelli, an immigrant from Argentina, who specialized in developing retail gasoline stations. Operating under the iconic Gaseteria brand, the company eventually grew into the largest independent petroleum retailer in the New York Metropolitan area. At the turn of the century, the company shifted its focus from petroleum operations to real estate development in order to maximize its extremely valuable portfolio of prime legacy assets. LargaVista continues to expand its portfolio, and now owns and/or manages over 60 properties in New York City constituting over five million developable square feet. In addition, the company has select investments in Florida, California, and Chicago.
LargaVista pursues a wide variety of opportunities, which vary from build-to-suit projects for international retailers such as Starbuck’s and British Petroleum, to large-scale mixed-use developments. The company is currently in the pre-development or construction stages of various projects that encompass over 1,000,000sf of retail, residential, commercial, and industrial space.