News

23 Park Row Begins to Rise Above Street Level, Financial District

New York YIMBY - December 27, 2017

Designed by COOKFOX, the planned retail component includes 52,000 square-feet of commercial space spanning the first four floors.

Essex Crossing’s Next Affordable Housing Lottery Launches

Curbed - December 13, 2017

The 98 mixed-income apartments are located at 115 Delancey Street.

Essex Crossing Building Named after Jazz Great Sonny Rollins

New York Times - December 12, 2017

The 15-story, mixed-use building at 145 Clinton Street will be named after the jazz saxophonist.

Essex Crossing’s Affordable Condos Are Up for Grabs from $225K

Curbed - December 04, 2017

The housing lottery has launched for the affordable condos at 242 Broome Street.

Exclusive: L+M Development Announces Coworking Tenant at Hahne & Co.

NJBiz.com - November 29, 2017

The New Orleans coworking business is the newest tenant at the historic Newark building.

Celebrity Chef Samuelsson Opens First Restaurant in Newark

ROI-NJ.com - November 20, 2017

Marcus Samuelsson, celebrity chef and restaurateur, opened his first New Jersey eatery in the Hahne & Co. building.

Essex Crossing Welcomes Its First Residents

Curbed - November 14, 2017

Residents began moving into the senior housing building at 175 Delancey Street (Site 6) on the Lower East Side.

L+M Featured in the Commercial Observer’s Top Landlords of NYC 2017 List

Commercial Observer - November 09, 2017

Featuring an interview with David Dishy, Partner and President of Development and Acquisitions.

Marcus B&P in Newark Reportedly Opening Very Soon

JerseyDigs.com - November 09, 2017

Chef Marcus Samuelsson announced late last year that he was partnering with L+M to bring a new restaurant to Hahne & Co.

Essex Crossing’s 115 Delancey Street Tower Gets Its Facade

Curbed - November 07, 2017

The 24-story building will host a Regal Cinemas as well as the Essex Street Market.

First Look at Essex Crossing’s Second Affordable Building for Seniors

Curbed - November 03, 2017

New renderings reveal the second, fully-affordable building at 140 Essex Street.

Essex Crossing Developers Land Wells Fargo Loan, Kick Off Phase II

The Real Deal - November 03, 2017

The Essex Crossing team has secured funding to build an affordable senior housing property at 140 Essex Street.

Is Rockaway Getting Its Moment in the Sun?

The Real Deal - November 01, 2017

L+M put its stamp on the neighborhood with its redevelopment of the sprawling rental property Arverne View.

Offices Sprout on Lower East Side as a Neighborhood Transforms

Wall Street Journal - October 22, 2017

The Essex Crossing project’s second phase will add 350,000 square-feet of office space.

With Apartments All Leased, Hahne’s Focuses on Filling Commercial Space

NJ.com - October 19, 2017

Hahne & Co’s 165,000 square-feet of commercial space will be the new home to local non-profit, Citizen Action, joining Barnes & Noble, Whole Foods and others.

City Council Approves L+M’s Massive South Bronx Waterfront Project

The Real Deal - October 17, 2017

Bronx Point, the 1000-unit affordable housing project, will also be home to the new Universal Hip Hop Museum.

N.J. Bell Building in Newark to Be Redeveloped for Housing

Wall Street Journal - October 17, 2017

L+M Development will convert 540 Broad St. into a mixed-use tower with office and retail space.

International Center of Photography to Move Again

New York Times - October 09, 2017

The ICP Museum will move into Essex Crossing in early 2019, while the school, which serves more than 3,500 students a year, will move that summer. 

Can’t Stop, Won’t Stop: How the Bronx’s Long-awaited Hip-hop Museum Found a Home

The Real Deal - October 03, 2017

After four years of searching, the Universal Hip-hop Museum finds a home at L+M’s latest project in the South Bronx.

Greenpoint Landing’s 30-story Rental Tops Out

Curbed - October 02, 2017

The megaproject overall will bring 5,500 new apartments—including 1,400 permanently affordable units—to the neighborhood.

Essex Crossing’s Second Phase Gets Its First Renderings

Curbed - September 28, 2017

New renderings reveal The Market Line and a 15,000 square-foot park.

Essex Street Market Vendors Can’t Wait for New Lower East Side Location

Curbed - September 26, 2017

The new 37,000 square-foot market will be across Delancey Street as part of the large commercial and residential development.

Pop Quiz With Lisa Gomez

Affordable Housing Finance Magazine - September 25, 2017

L+M’s COO discusses her latest project and the best advice she’s ever received.

L+M to Build Hip-Hop Museum, Affordable Housing Complex in South Bronx

The Real Deal - September 22, 2017

L+M was tapped by the city to construct a 1,000-unit complex called Bronx Point which will also include a movie theater, food hall and public open spaces.

The Plan: Inside Muji’s First Store in Brooklyn

Commercial Observer - September 13, 2017

Japanese variety goods retailer Muji opened its first Brooklyn store at Fifth & Wythe in Williamsburg last Friday, the retailer’s seventh store in New York City since launching in Soho a decade ago.

Projects in Boston, Newark and Austin Win ULI Kemp Award

Urban Land Magazine - September 11, 2017

Newark’s Hahne & Co Building has been selected by the ULI Terwilliger Center for Housing as the winner of the 2017 Jack Kemp Excellence in Affordable and Workforce Housing Award.

Award-Winning Microgrid in Brooklyn “REVolutionizes” the Electricity Market

CleanTechnica.com - August 30, 2017

A first-of-its-kind microgrid at the Marcus Garvey Apartment complex combines two of New York City’s energy initiatives: increased use of renewable energy and improved energy consumption and efficiency.

L+M Development Preserves 625 Units in Brooklyn

Affordable Housing Finance Magazine - July 13, 2017

In addition to preserving long-term affordability, the L+M team installed one of the largest solar power arrays at an affordable housing development in New York State.

Retail Grows In Brooklyn, Thanks To Residential Development

Bisnow.com - July 12, 2017

New housing developments, like Greenpoint Landing, have sparked a retail surge in Brooklyn.

L+M, Tahl Propp Equities Nab $161M in Financing for Harlem Affordable Housing Project

Commercial Observer - July 05, 2017

Last week, L+M and Tahl Propp Equities closed on the 100% affordable housing development Lexington Gardens II in Harlem.

L+M Development Opens Children’s Library in Newark

NJ.com - June 25, 2017

L+M opens children’s library at Georgia King Village.

Newark to Vote on Big Push to Avoid Gentrification with Affordable Housing

NJ.com - June 22, 2017

In Newark, some recent high-profile projects like Hahne’s located in the city’s popular downtown section, have included affordable units voluntarily.

Brooklyn Housing Development’s New Microgrid Marks NYC’s 1st Lithium Ion Battery Project

Energy Manager Today - June 16, 2017

First lithium battery used under NYC’s new fire saftey code installed at Marcus Garvey Apartments in Brooklyn.

Essex Crossing, a Renewal Project 60 Years in the Making

New York Times - June 15, 2017

Phase one of construction at Essex Crossing will be completed this fall.

Essex Crossing’s First Affordable Housing Lottery Nets Over 93,000 Applicants

Curbed - June 08, 2017

Since March 2, 2017, New York City officials have received over 93,000 applications for affordable apartments at 145 Clinton Street.

Work for Audible, Live Rent-Free

New York Times - May 26, 2017

Audible, tenant at Hahne & Co., is providing rent incentives to employees willing to relocate to Newark.

Target to Open on the Lower East Side

Wall Street Journal - April 30, 2017

Target announces plans to open a store in the Essex Crossing development on the Lower East Side.

L+M, J&R Music Founders Lock in $235M Loan for Park Row Condo Project

The Real Deal - April 27, 2017

L+M and partners will develop a 45-story mixed-use tower at 23 Park Row.

The Commercial Observer Power 100

Commercial Observer - April 26, 2017

The Commercial Observer ranked Ron Moelis #45 among the top 100 real estate leaders.

L+M Development Partners Poised for Growth

Affordable Housing Finance Magazine - April 17, 2017

In its annual rankings, Affordable Housing Finance ranked L+M #1 in Preservation/Substantial Rehabs, #16 in Affordable Housing Developers and #25 in Affordable Housing Owners in 2016, up from previous years.

Essex Crossing’s First Affordable Apartments for Low-Income Seniors Now Up for Grabs

Curbed - April 17, 2017

The affordable housing lottery for 175 Delancey Street, also known as Site 6, is officially open.

NMTCs, LIHTCs Bring Affordable Housing and Community Services to NYC’s Lower East Side

Novogradac Journal of Tax Credits - April 10, 2017

How low-income tax credits turned a vision to revitalize the Lower East Side into a reality.

The Largest Mixed-Use Project in 2016

New Jersey Housing and Mortgage Finance Agency - April 04, 2017

The adaptive reuse of the historic Hahne & Co. department store serves as a catalyst for community and economic growth in Newark, NJ.

Essex Crossing’s 242 Broome Street Gives Shape to a New Lower East Side Enclave

Curbed - April 04, 2017

242 Broome Street is now just a day away from topping out.

Japanese Retailer Muji Signs 10-Year Lease in Williamsburg

Wall Street Journal - April 02, 2017

Japanese retailer, Muji, is coming to Fifth & Wythe.

Alan Bell, L+M Land $61.8M Public Financing for Kingsbridge Housing Development

The Real Deal - March 23, 2017

L+M Development, in partnership with B&B Urban, has secured funding for the Bronx supportive housing project at 2700 Jerome Avenue.

NYU Langone’s $32.9M Lower East Side Outpatient Center Is Closer to Reality

Crain's New York Business - March 22, 2017

NYU Langone Medical Center is bringing more health care services to the Lower East Side with new outpatient center planned for Essex Crossing.

Essex Crossing’s First Affordable Housing Lottery Has Launched

Curbed - March 02, 2017

The development’s 100 affordable rentals begin at $519/month.

At Whole Foods’ Newark Opening Organic Smiles to go with the Food

NJ.com - March 01, 2017

Whole Foods opened a new 29,000 square foot store in Newark’s revitalized Hahne’s building.

In Shadow of Manhattan, a Troubled City Is Having a Moment

Bloomberg - February 27, 2017

Newark’s Hahne’s building reopens with apartments, Whole Foods.

Essex Crossing Will Now Come With More Affordable Housing

Curbed - February 16, 2017

As Essex Crossing moves into the second phase of development, L+M Development and partners have adjusted the plan which will increase both the affordable and market-rate units at the project.

Jonathan Rose, L+M to Build Nation’s Largest Passive Housing Development in East Harlem

Real Estate Weekly - February 08, 2017

The development will integrate four existing community gardens in an effort to promote green spaces and activity.

Construction Begins on 1520 and 1530 Story Avenue, 435 Units of Affordable Housing in Soundview

New York YIMBY - February 07, 2017

L+M and Nelson Management Group are breaking ground on two towers at 1520 and 1530 Story Avenue.

City Selects Development Team To Build 655- Unit Mixed-Use Affordable Project At 1691 Madison Avenue, East Harlem

New York YIMBY - February 07, 2017

L+M and Jonathan Rose Companies selected to develop a multi-building, affordable mixed-use project at 1691 Madison Avenue.

25-Story, 195-Unit Mixed-Use Building Rises Above Street Level At 115 Delancey Street, Essex Crossing, Lower East Side

New York YIMBY - January 26, 2017

Progress can be seen thanks to photos posted to the YIMBY Forums.

Artisanal Ice Cream Shop Is First Retail Tenant at Greenpoint Landing

Commercial Observer - January 24, 2017

Van Leeuwen Artisan Ice Cream is setting up shop at 7 Bell Slip.

Hahne’s Building Opening Celebrated as a Sign of Newark’s Rebirth

NJ.com - January 24, 2017

The old Hahne & Company store reopened with apartments for rent in Newark, NJ.

30 Years After Closing its Doors, Hahne’s Building Gets New Life

NJ.com - January 23, 2017

The historic Hahne’s building in Newark has been redeveloped from a vacant department store to a 500,000 square foot mixed-use property.

Look Inside: Rutgers-Newark Opens Arts Incubator in Old Hahne’s Building

NJ.com - January 18, 2017

The rebirth of one of Newark’s most historic buildings has started.