News

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James Yolles: 646.676.4488james@heller.inc Claire Holmes: 646.822.0355holmes@heller.inc

NEWS


Alafia Phase 1 is Officially Open!

BK Reader - December 15, 2025

Over 570 homes were delivered as part of the multiphase project that will transform the former Brooklyn Development Campus into more than 2,400 affordable homes.

Construction Wraps Up on LMXD’s Ray Harlem

New York YIMBY - July 29, 2025

Construction is finished on Ray Harlem, a 21-story residential building. Designed by Frida Escobedo Studio and Handel Architects, and developed by Ray and LMXD, the structure yields 222 mixed-income rental apartments and space for the National Black Theatre.

LMXD, City of New Haven, SPDC and Twining Properties Begin Demolition of Final Winchester Factory Buildings

NBC CT - July 21, 2025

City officials along with state and development officials gathered to kick off the demolition, abatement, and remediation of the last nine former factory buildings in New Haven’s Science Park at Winchester Avenue and Munson Street.

LMXD and Partners’ Jasper Development Completes Retail Lease Up

New York Business Journal - June 24, 2025

StretchLab, an assisted-stretch wellness center, has signed the final retail lease at the Long Island City mixed-use development Jasper.  The project is a joint venture among The Domain Companies, LMXD, the VOREA Group and Bridge Investment Group.

L+M Companies Announces Strategic Partnership with Sixth Street

Commercial Observer - June 11, 2025

Partnership will support L+M’s growth efforts in the New York region, as well as expand development and preservation work in affordable housing around the country.

LMXD and Partners’ New Orleans Redevelopment Project Receives Funding

Biz New Orleans - June 09, 2025

Tulane University and the New Orleans City Council agreed on June 7 to release $20 million from the Wisner Trust towards a transformative, mixed-use redevelopment of the Charity Hospital building. Engineering and design for the project will be provided by The Domain Companies, LMXD, SKK Opportunity Zone Fund I, LLC, and others.

L+M and Partners Reopen Reconstructed Edgemere Avenue

The Wave - May 28, 2025

The improved section of the roadway incorporates green infrastructure elements, has been widened for additional traffic capacity, and has been raised to mitigate flooding risks. The road upgrades were completed as part of the forthcoming Arverne East project, the city’s first net-zero community.

Sena Affordable Communities and Partner Start Rehab of Kingsbury Towers in Trenton, NJ

Real Estate New Jersey - May 22, 2025

According to Sena Affordable Communities, an affiliate of L+M Fund Management, and Cortell Development Group, the renovations at Kingsbury Towers will focus on upgrading apartments and updating common areas, mechanical systems and exterior features.

LMXD’s Miramar Highlighted for its Design and Partnership with The People’s Theatre

The New York Times - May 12, 2025

The Miramar, at West 206th Street between Ninth and 10th Avenues, is a mixed-income, mixed-use rental building nestled near the Harlem River in a largely immigrant neighborhood. 

Essex Crossing Developer, NY Governor Hochul and MTA Announce Delancey St–Essex St Station Upgrades and Housing Project

amNY - April 04, 2025

A number of projects are coming to the Delancey St–Essex St Station complex to make it completely accessible, and to increase housing for the community.


PRESS RELEASES


Type A Projects, BronxWorks, and L+M Close on Over $255 Million in Financing for 100% Affordable Housing and Healthcare Development in the Bronx

December 23, 2025

River Commons, a mixed-use development consisting of 328 affordable and supportive homes, an approximately 43,000-square-foot public healthcare center and 6,000 square feet for community nonprofits, BronxWorks and African Communities Together, and 7,000 square feet of new public open space.

L+M and Partners Closes on Financing for $453 Million PACT Project to Renovate the Homes of Over 1,300 Residents in Harlem

December 18, 2025

This financial closing is a key milestone in the renovation of 10 residential buildings. Each development will receive comprehensive renovations to improve the quality of life for residents, including upgrades to apartments, shared spaces, grounds, and building infrastructure.

Alafia Phase I Opens: A Bold New Era of Affordable and Supportive Living in East New York

December 12, 2025

Alafia Phase I Delivers 576 Affordable and Supportive Homes, Cutting-Edge Sustainability, Easy Healthcare Access, Retail Opportunities, and Vibrant Public Spaces to Transform the Spring Creek Neighborhood.

L+M Companies Announces Strategic Partnership with Sixth Street

June 11, 2025

Partnership will support L+M’s growth efforts in the New York region, as well as expand development and preservation work in affordable housing around the country.

Stella Phase II Receives Funding Award From Mid-Hudson Development Fund

May 28, 2025

Gov. Hochul announced Stella Phase II as a recipient of funding among a list of new developments in the Mid-Hudson region. The WBP and L+M project is a transformative mixed-use development near New Rochelle’s Metro-North station featuring 126 affordable condominium units.

Arverne East Development Team Announces the Reopening of the Reconstructed Edgemere Avenue

May 28, 2025

The reconstructed Edgemere Avenue between Beach 32nd Street and Beach 38th Street on the Rockaway Peninsula in Queens has reopened after extensive infrastructure upgrades as part of the Arverne East development.

Construction on LMXD, MCI Collective, and Newark Museum of Art’s Museum Parc Begins

February 20, 2025

The project, which is expected to be completed by 2027, will also deliver 250 mixed-income rental apartments across two buildings–a six-story building and a 12-story structure–with approximately 2,300 square feet of ground-floor retail space.

L+M Announces Joe Curatolo as Chief Financial Officer and Nikki Wernick as President of Property Management

January 23, 2025

National affordable and mixed-income housing leader L+M Development Partners LLC (L+M) today announced changes to its executive leadership team as the firm continues to advance operations and grow its portfolio in the New York area and nationwide.

LMXD, MCI Collective, Newark Museum of Art Close on Financing For Museum Parc Development

January 03, 2025

The mixed-use development Museum Parc will include 250 rental apartments, a 4,000-square-foot gallery for the Newark Museum of Art, and new retail along Central Avenue in Newark.

RiseBoro Community Partnership, L+M, Apex Building Group Close on Financing for Phase II of Alafia

December 24, 2024

Alafia Phase II will deliver two 14-story buildings with a combined 634 affordable housing units, including supportive housing, and approximately 22,000 square feet of retail and community facility space.