Lauto Group reveled in a extremely complex transaction on 48 Bond Street. Originally a parking lot, the property owners wanted to capitalize on a booming real estate market without tendering a sale. Additionally, they did not want to endure the risk exposure or financial commitments of developing the property on their own. The result was an 11 story residential cooperative building built and developed by others, with the owners having design approval. Every residence was sold by the middle of the construction phase. The building is now one of the most sought after and celebrated developments in all of Manhattan.