Christine West and Albert Garcia / © Cat Laine
Providence, RI – Providence-based KITE Architects is the latest firm to join the growing national portfolio of Charrette Venture Group (CVG), one of the only investment groups focusing on the architecture space.
Christine Malecki West, AIA, and Albert Garcia, AIA, lead the growing firm of seven employees at KITE. The firm offers full architectural design services as well as feasibility studies, interior design, planning, and related consulting services for new construction and renovations at a variety of scales.
Recently, KITE completed early stage designs for a new student services building at Rhode Island College and design for upcoming improvements at The Steel Yard in Providence. Its portfolio includes the internationally recognized Dean Hotel and award-winning headquarters for the Narragansett Bay Commission.
CVG identifies architectural firms positioned for sustained growth and provides them with advisory services and related support to strengthen their position in the marketplace.
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Services are in the areas of marketing, finance, operations, organizational structure, leadership, and talent recruitment to architectural firms in return for a percentage of quarterly net operating revenue. CVG does not take an equity stake in firms; the shared-risk model ensures that both partners work together toward growing the business.
“We seek out small to mid-sized architectural firms that exhibit strong leadership, design skills, business acumen, and firm culture” says Emily Hall, CVG’s Vice President of Marketing. “We entered a five year partnership with KITE because we believe that its growth trajectory will yield success for everyone involved with the firm.”
KITE Architects specializes in working with urban sites, historic and mid-century modern buildings, public infrastructure facilities, and sustainable design. The firm was founded in 1974 by William L. Kite, Jr., FAIA, who fully retired in 2013. “KITE’s partnership with CVG represents the next phase of growth for our business,” notes West. “We are feeling confident in our current position with important projects and experienced staff. Now is the right time to invest in strategic growth at a sustainable pace.
