News - 2017

The Plan: Inside Muji’s First Store in Brooklyn

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.

Read More

Projects in Boston, Newark, and Austin Win ULI Kemp Award

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.

Read More

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

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.

Read More

Retail Grows In Brooklyn, Thanks To Residential Development

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

Read More

L+M Development Preserves 625 Units in Brooklyn

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.

Read More

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

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

Read More

L+M Development opens children’s library in Newark

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

Read More

Newark to vote on big push to avoid gentrification with affordable housing

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

Read More

Essex Crossing’s first affordable housing lottery nets over 93,000 applicants

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

Read More

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

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

Read More

Essex Crossing, a Renewal Project 60 Years in the Making

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

Read More

Work for Audible, Live Rent-Free

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

Read More

Target to Open on the Lower East Side

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

Read More

The Commercial Observer Power 100

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

Read More

Essex Crossing’s first affordable apartments for low-income seniors now up for grabs

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

Read More

L+M Development Partners Poised for Growth

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.

Read More

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

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

Read More

Essex Crossing’s 242 Broome Street gives shape to a new Lower East Side enclave

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

Read More

Japanese Retailer Muji Signs 10-Year Lease in Williamsburg

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

Read More

The Largest Mixed-Use Project in 2016

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

Read More

Alan Bell, L+M land $61.8M public financing for Kingsbridge housing development

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

Read More

NYU Langone’s $32.9M Lower East Side outpatient center is closer to reality

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

Read More

Essex Crossing’s first affordable housing lottery has launched

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

Read More

At Whole Foods’ Newark opening, organic smiles to go with the food

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

Read More

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

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

Read More

Essex Crossing will now come with more affordable housing

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.

Read More

Jonathan Rose, L+M to build nation’s largest passive housing development in East Harlem

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

Read More

Construction Begins On 1520 And 1530 Story Avenue, 435 Units Of Affordable Housing In Soundview

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

Read More

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

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

Read More

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

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

Read More

Artisanal Ice Cream Shop Is First Retail Tenant at Greenpoint Landing

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

Read More

Historic Hahne’s Department Store in Downtown Newark Reopens

Renovated building features contemporary residences and exceptional shopping & dining experience.

Read More

30 years after closing its doors, Hahne’s building gets new life

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

Read More

Hahne’s building opening celebrated as a sign of Newark’s rebirth

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

Read More

Look inside: Rutgers-Newark opens arts incubator in old Hahne’s building

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

Read More