2016 News Archives

Barnes & Noble and Rutgers to Open Bookstore in Downtown Newark

Entry published December 20, 2016

Barnes & Noble Education Inc. and Rutgers University-Newark to open a bookstore at Hahnes.
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Trying to Undo a Lower East Side Diaspora

Entry published December 14, 2016

Redevelopment of the Seward Park Urban Renewal Area lagged for decades, and the site is finally being rebuilt.
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Tackling New York’s Rising Power Demand With an Affordable Housing Microgrid

Entry published December 14, 2016

Con Ed is investing in non-wires alternatives to meet energy needs — including a new microgrid project going up in a low-income housing complex.
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Whole Foods opening its doors in Newark this winter

Entry published December 6, 2016

Whole Foods is coming to Hahnes.
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Demand Energy to Deploy Battery Storage System for Advanced Microgrid at Apartment Complex in NYC

Entry published December 6, 2016

Demand Energy will be implementing a lithium-ion charged multi-resource microgrid at the 625-unit Marcus Garvey
Apartments in Brooklyn.
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L+M and CIM Group Reveal Plans For Massive Project in Two Bridges Area

Entry published December 2, 2016

Plans for a new project at 260 South St. will add more than one-million square feet of residential and commercial space in the Two Bridges neighborhood.
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Marcus Samuelsson Plans Newark Restaurant

Entry published December 2, 2016

The celebrity chef’s new restaurant will be part of the redevelopment of the historic Hahne’s department store.
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Huge East Harlem development will have 400 affordable apartments

Entry published December 2, 2016

Lexington Gardens II is a fully-affordable residential project spanning an entire block in East Harlem.
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‘Fully Affordable’ East Harlem Housing Development Wins Council’s Backing

Entry published November 30, 2016

The 400-unit affordable housing development planned for East Harlem has been unanimously approved by the City Council.
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Grand Street Settlement Celebrates Centennial With Gala at Capitale

Entry published November 29, 2016

Grand Street Settlement celebrated its 100th anniversary.
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New Glimpses of COOKFOX’s Soaring Downtown Condominium, 25 Park Row

Entry published November 28, 2016

New York-based architects COOKFOX release new renderings of 25 Park Row.
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Developers pleased with Essex Crossing reception

Entry published November 25, 2016

Eastern Consolidated presents a keynote panel with the developers of Essex Crossing.
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Nestled in Between Two Bridges Is a Nabe Whose Time Might Have Finally Come

Entry published November 11, 2016

Gary Barnett’s Extell Development Company is bringing $1 million to $3 million condominimum units to Two Bridges.
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102 Ultra-Affordable Units Up for Grabs in Greenpoint, Starting at $368 a Month

Entry published November 7, 2016

A lottery opened for 102 ultra-affordable units at 5 Blue Slip; the entire building will consist of affordable housing.
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L+M Development scores $52.8M construction loan for East Village rental

Entry published November 7, 2016

L+M Development Partners scored $52.8 million in construction financing for 79 Avenue D, a planned 12-story rental building in the East Village.
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Essex Crossing’s enormous, ‘world-class’ marketplace gets new renderings

Entry published November 7, 2016

One of the biggest elements of Essex Crossing is the Market Line, a 150,000-square-foot
retail destination that will anchor several of the megaproject’s buildings.
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After More Than 17 Years, a Community Garden Is Rebuilt

Entry published November 7, 2016

The Carmen Pabon garden opened to the public, named after the activist who founded the original garden that was bulldozed in 2000.
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Youth Clubhouse Opens in Brownsville Lot To Provide Safe Community Space

Entry published October 21, 2016

A youth and community clubhouse made from re-designed shipping containers takes over a vacant lot on Chester Street and Dumont Avenue in Brownsville.
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Commercial Observer’s 2016 Owners Magazine

Entry published October 17, 2016

CEO Ron Moelis is featured in this months Commercial Observer.
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Redefining the Lower East Side

Entry published October 10, 2016

At the corner of Broome and Ludlow Streets condominium sales began for the 14-story anodized aluminum and glass tower that will open in 2018.
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Breaking: Trader Joe’s is Coming to Essex Crossing

Entry published October 5, 2016

Trader Joe’s is taking a corner space at 145 Clinton Street.
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New Renderings For Condos At 242 Broome Street, 14-Story, 55-Unit Mixed-Use Project, Lower East Side

Entry published September 29, 2016

Exclusive interior renderings of the 14-story, 55-unit mixed-use project under development at 242 Broome Street.
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Planning Board Paves Way for 60- Story Tower at 25 Columbus Drive

Entry published September 29, 2016

The Jersey City Planning Board voted unanimously to approve an amendment that paves the way for a new tower at the corner of Warren Street and Christopher Columbus Drive.
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SBH to construct a 314-unit affordable complex

Entry published September 23, 2016

A groundbreaking was held for SBH Health System’s two new apartment buildings.
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Permits Filed For 25-Story Building At 180 Broome Street In Essex Crossing

Entry published September 22, 2016

Another piece of the puzzle has fallen into place for Lower East Side megaproject Essex Crossing.
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Foundation Work Complete For Essex Crossing’s 25-Story, 195-Unit Mixed-Use Tower, 115 Delancey Street, Lower East Side

Entry published September 12, 2016

Foundation work appears to be complete for the 25-story, 195-unit mixed-use building being developed as part of the Essex Crossing mega-development.
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Is Newark finally cleaning up its act?

Entry published September 12, 2016

Currently $2 billion in commercial and residential development is underway in the industrial town and that means big changes.
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The Hard Work of Preserving Affordable Housing

Entry published September 12, 2016

Ron Moelis had an OpEd published in Huffington Post.
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Essex Crossing Team Celebrates “Topping Out” of First Building

Entry published September 12, 2016

A flag went up on the roof of 175 Delancey St., signaling the “topping out” of the first
of nine buildings in the big Essex Crossing project.
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A Day At Dubos Point

Entry published August 20, 2016

The Rockaway Waterfront Alliance, C+C Management, and L+M Development Partners came together for a beach clean-up.
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History Made: The First of Four New Essex Crossing Buildings Tops Out at 14 Stories

Entry published August 19, 2016

The concrete superstructure officially topped out at fourteen stories.
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In Newark, a New Chapter Unfolding

Entry published August 19, 2016

About $2 billion in development is underway in the city, with 1,500 units of housing under construction and another 4,000 planned.
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Essex Crossing design competition proves wood is the future of sustainable architecture

Entry published August 10, 2016

More than 850 students submitted proposals for a site in the sustainable material.
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Development in Newark’s Verizon Building to Include Affordable Housing

Entry published August 3, 2016

A local office building that will be converted into apartments is slated to contain affordable housing.
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Essex Crossing’s Dattner-Designed Senior Housing Takes Shape

Entry published August 1, 2016

Work is moving along swiftly on Essex Crossing’s senior housing building at 175 Delancey Street (site 6).
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Revealed: 294 East 162nd Street, South Bronx Affordable Housing

Entry published July 28, 2016

Affordable housing projects are cropping up on vacant lots all over the South Bronx, and today’s development will rise at 294 East 162nd Street.
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Affordable Housing Complex with Yoga Pavilion Coming to The Bronx

Entry published July 14, 2016

The St. Barnabas Wellness Care and Affordable Housing project will include more than 300 units of affordable housing.
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Essex Crossing’s 15-Story, 211-Unit Mixed-Use Building Rises At 145 Clinton Street, Lower East Side

Entry published July 14, 2016

The 15-story, 211-unit mixed-use building under development at 145 Clinton Street is now three stories above street level.
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Fairstead closes on $315M purchase of Savoy Park

Entry published July 14, 2016

Savoy Park sale the largest multifamily deal of the year.
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Mott Haven Development That Combines Affordable Housing and Health Care

Entry published July 12, 2016

This 100% affordable housing, mixed-use development promotes access to nutritious and affordable food.
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Bronx Project Sees Health in Affordable Housing

Entry published July 12, 2016

Complex is designed to address many of the hurdles facing low-income residents.
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Essex Crossing’s First Condo Will Hit the Market In Early Fall

Entry published June 1, 2016

New details about the megaproject, Essex Crossing.
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Orange Officials Celebrate Opening of New Downtown Preschool

Entry published May 9, 2016

The first business to take root at 50-55 South Essex Avenue in New Jersey is a preschool.
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Power 100

Entry published April 22, 2016

The Commercial Observer names Ron Moelis #78 on their Power 100 list.
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$79.3 Million Invested in Key NYC Development

Entry published April 4, 2016

A team of public and private partners are investing $79.3 million in financing for an ambitious development that will include 100 affordable housing units for seniors, a medical facility, and a community center in New York City.
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The Lower East Side, Where Gritty Meets Trendy

Entry published April 1, 2016

Essex Crossing is bringing “trendy” to the gritty streets of the Lower East Side.
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Hahne’s building wins a ‘Smart Growth Award’ for quality planning

Entry published March 25, 2016

The Hahne’s building is not quite ready for its tenants to move in, but the development is already
winning awards.
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The Next Hot Amenity in Luxury Buildings: Public School

Entry published March 22, 2016

Rapid population growth and Millennials opting to raise their families in the city are causing a capacity issue for schools. This is what real estate developers are doing to solve it.
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The Lower East Side goes upscale: Q&A, part II

Entry published February 10, 2016

Isaac Henderson weighs in on the Lower East Side market and why the
neighborhood is being billed as the most “affordable cool” option in the city.
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NYU Langone signs 55,000 s/f lease at Essex Crossing

Entry published February 1, 2016

NYU Langone Medical Center has signed a 15 year lease to build and operate a 55,000-square foot medical facility at 175 Delancey Street, part of Essex
Crossing.
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How to Build Affordable Housing in New York City

Entry published January 29, 2016

The New York Times highlighted L+M and Arverne View.
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