Vella Group, LLC
| Privately held company | |
| ISIN | 🆔 |
| Industry | Real Estate |
| Founded 📆 | |
| Founder 👔 | Zach Vella (CEO) |
| Headquarters 🏙️ | Los Angeles New York |
Area served 🗺️ | United States |
Key people | Zach Vella[1] |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Vella Group, LLC (and its predecessor companies) is a privately held commercial real estate development company that invests in creative office buildings in Los Angeles, New York City, Miami, Chicago and Las Vegas[2] [3] It was founded by Zach Vella,[4] who has appeared in the real estate reality television series Million Dollar Listing Los Angeles.[5][6]
History[edit]
The company was originally named VE Equities LLC and primarily focused on investments in the Tribeca neighborhood of Lower Manhattan. The company was founded in 2005 with headquarters in New York City.[7]
In 2014, Zach Vella became the sole stakeholder, and the company was renamed Vella Group, LLC. At the same time the company relocated its headquarters to West Hollywood, California[8]
Selected Projects[edit]
Vella Group has been involved in real estate projects. Some of the projects the company has been involved in are listed below.
Arts Matrix, Los Angeles, CA[edit]
The Arts Matrix, Los Angeles, CA is one of the Group’s largest projects located in the Arts District near the Los Angeles River, comprising of 800,00 square feet of offices, 250 residencies, and various hospitality facilities that include two hotels and various eateries[9]
Hawthorne Arts Complex, Hawthorne, CA[edit]
Vella Group is responsible for developing the Hawthorne Arts Complex in Hawthorne, California.[10]
London Arts Club, West Hollywood, CA[edit]
The company is a minority investor in the London Arts Clubin West Hollywood based on the original one in London. The project is backed by American actress Gwyneth Paltrow.[11] [12]
Magic City Innovation District, Miami, FL[edit]
In Miami, the Group is a vested partner and Zach Vella is the managing board member of this $1 billion project in the city’s Little Haiti neighborhood.[13]
650-700 Pacific Coast Hwy, El Segundo, CA[edit]
The company purchased the property in 2019 in a partnership with the United Kingdom based real estate firm London & Regional Properties (L&R). It consists of three buildings which totals 200,000 square-foot and is situated on 6-acres. The properties are located on the Pacific Coast Highway near the Los Angeles International Airport.[14]
Ring Campus, Hawthorne, CA[edit]
12515 Cerise Avenue is a ground-up development by Vella Group which houses the office of Ring, a smart home and home security company owned by Amazon.[15]
949 Park Avenue, New York City, NY[edit]
This property is located on Park Avenue in New York City. It is 16,000 square feet and houses 4 apartments, which includes a duplex, triplex and quadruplex, all of which have a private balcony and terrace.[16]
See Also[edit]
References[edit]
- ↑ March, Ebony. "Million Dollar Listing Los Angeles: Everything to Know About Developer Zach Vella". Screen Rant. Valnet. Retrieved 27 February 2021.
- ↑ Madans, Hannah. "Vella Group Focuses on LA Opportunities". Los Angeles Business Journal. Josh Schimmels. Retrieved 27 February 2021.
- ↑ "V.E Equities". The Real Deal. Amir Korangy. Retrieved 27 February 2021.
- ↑ Kallergis, Katherine. "Magic City developer Zach Vella buys waterfront Venetian Islands lots for $15M". The Real Deal. Amir Korangy.
- ↑ Raiford, Tiffany. "10 Things You Didn't Know about Zach Vella". TVOverMind. Retrieved 27 February 2021.
- ↑ Lane, July. "Herrmann's Castle site on the market". Shelter Island Reporter. Retrieved 13 April 2021.
- ↑ "V.E Equities". The Real Deal. Amir Korangy. Retrieved 13 April 2021.
- ↑ Taylor, Candace (1 April 2011). "Moguls in the making". The Real Deal. Amir Korangy. Retrieved 13 April 2021.
- ↑ Hawthorne, Christopher. "Huge Arts District development along L.A. River races for approval; here's an early look". Los Angeles Times. Retrieved 27 February 2021.
- ↑ Barragan, Blanca. "Developer drops $51M on big office property in El Segundo". Curbed. Vox Media. Retrieved 27 February 2021.
- ↑ Look, Marie. "Gwyneth Paltrow Is Bringing London's Members-Only Arts Club To West Hollywood". Haute Living. Haute Living, Inc. Retrieved 27 February 2021.
- ↑ Barragan, Bianca. "West Hollywood green-lights swanky Gwyneth Paltrow-backed Arts Club". Curbed. Vox Media. Retrieved 27 February 2021.
- ↑ Rodriguez, Rene. "Robert Zangrillo steps away from Little Haiti project after college scam indictment". Miami Herald. Nancy A. Meyer. Retrieved 27 February 2021.
- ↑ Works, Amy. "Vella Group Acquires Boeing-Leased Office Asset Near Los Angeles for $50.8M". ReBusiness Online. Retrieved 16 April 2021.
- ↑ Hoberman, Natalie. "Knock knock: High-tech doorbell-maker Ring relocates to Hawthorne". The Real Deal. Amir Korangy. Retrieved 16 April 2021.
- ↑ Barbanel, Josh (2 June 2010). "Park Avenue Gets Glassy Look". The Wall Street Journal. Dow Jones & Company. Retrieved 16 April 2021.
External Links[edit]
Vella Group[edit]
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