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Prospect Park Project Receives $10M Backing

11/12/2013
Published By: The Retail Report

A prominent NYC real estate family has donated $10 million to Lakeside, the largest project in Prospect Park since its opening in the late 19th century. The Prospect Park Alliance and the New York City Department of Parks & Recreation announced yesterday the donation from the LeFrak family, which will go toward a 34,000-square-fot facility that will feature an ice skating rink in the winter and rolling skating and a water feature during warmer months, as well as a café and other amenities.

“The LeFrak family has a history of philanthropy in Brooklyn, and all of New York, and their generous gift to Lakeside—a place where families will enjoy a day outdoors, children will step out onto the ice for the very first time, and visitors can take in the beauty of Prospect Park from a new vantage point—will continue that legacy,” says NYC Parks Commissioner Veronica M. White.

The entire $74 million project encompasses 26 acres, and will include a café, restored landscape, and vastly improved park access. The new facility will be named the Samuel J. and Ethel LeFrak Center at Lakeside in honor of the parents of LeFrak Organization CEO Richard LeFrak and his sisters.

“Our family is proud to honor, through this gift, the memory of our parents, who would have surely embraced this magnificent Prospect Park redevelopment project that will bring so much joy and happiness to the people of Brooklyn,” said Denise LeFrak, on behalf of her sisters, Francine and Jacqueline, her brother Richard, and his wife, Karen.

[Globe St.]

[Park Slope Patch]

Release Date11/12/2013 - 08:00

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