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James Yolles: 646.676.4488james@risaheller.com

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NEWS


Stanley Avenue Preservation Students Design Their Own Community Center

The NYCHA Journal - December 17, 2024

As part of the NYCHA STEAM Innovators project, students from Stanley Avenue Preservation opened a community center in the Penn Wortman Houses that they designed over the summer led by the Salvadori Center.

Housing Lottery Launches for LMXD and Partner’s National Black Theatre Redevelopment Project in Harlem

New York YIMBY - December 06, 2024

Developed by  LMXD and Ray and designed by Handel Architects and Frida Escobedo, the property will include 222 residences and will be the permanent home of the National Black Theatre. Available on NYC Housing Connect are 58 units for residents at 40 to 130 percent of the area median income.

LMXD’s Westpark Redevelopment is a New Approach to Philadelphia’s High-Rise Public Housing

The Philadelphia Inquirer - December 01, 2024

Instead of building yet another suburban-style townhouse complex, LMXD and Msquared intend to triple the number of units at Westpark to a total of 1,000. To accomplish that goal, they will reuse the existing towers, making them the centerpiece of a new community that features a variety of housing.

Local Rockaway Students Name Arverne East Building the “Coastal Conservation Center”

November 29, 2024

Students and staff from P.S. 106 Lighthouse Elementary School gathered with elected officials, local leaders, and L+M Development Partners at the Arverne East Welcome Center to officially unveil the building’s new name during a special ceremony.

Weekend Interview: Sara Levenson On L+M’s Arverne East Project In The Rockaways

Bisnow - November 18, 2024

L+M’s Managing Director discusses the multi-phased project, which plans to build sustainable, affordable housing using Passive House standards and geothermal energy.

Walking and Nutrition Program for Seniors at Arverne East Featured on NY1

NY1 - November 13, 2024

In addition to outdoor walking and calisthenics, the program teaches the seniors about healthy cooking with nutrition classes in the Arverne East Multipurpose Building, which was completed earlier this year and has become a community hub for a wide variety of local events.

BFC Partners, L+M and Taconic Investment Partners Open Coney Island II

Multi-Housing News - October 31, 2024

The second phase of development brings 376 affordable units to Brooklyn, along with 9,000 square feet of community space and 11,000 square feet of retail.

Affordable Housing Lottery Opens at Beach Green Dunes III

The Wave - October 25, 2024

The 146-unit building in Far Rockaway, Queens, offers a mix of studios to three-bedroom apartments, including 38 units specifically set aside for low-income senior citizens over the age of 62.

Jasper Housing Lottery Launched in Long Island City

6sqft - October 23, 2024

Located at 2-33 50th Avenue, Jasper is a 12-story building that offers residents a holistic living experience with state-of-the-art amenities and convenient access to a grocery store, restaurants, and other retail options on the ground level.

Three New Leases Signed at Jasper

New York Yimby - October 20, 2024

The mixed-use development will welcome Frankie’s Brooklyn Pizza, Tiger J Taekwondo and Matsuzuki Sakura in 2025 to the Long Island City development.


PRESS RELEASES


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.

Housing Lottery Opens at Beach Green Dunes III in Far Rockaway, Queens

October 23, 2024

L+M Development Partners, Triangle Equities, and The Bluestone Organization have announced that the affordable housing lottery has opened for units at the $95.7 million, 146-unit building.

The Domain Companies, LMXD, the VOREA Group, and Bridge Investment Group Sign Leases with Frankie’s Brooklyn Pizza, Tiger J Taekwondo, and Matsuzuki Sakura at Jasper in LIC

October 17, 2024

Three new retail leases have been executed at Jasper, a mixed-use development in Long Island City, comprising 6,115 square feet.

Governor Hochul Announces the Start of Construction on Marcus Garvey Extension Phase 2 in Brownsville, Brooklyn

May 14, 2024

The final phase of Marcus Garvey Extension will create a 287-unit affordable and supportive housing development with on-site supportive services.

Taconic Partners, Prusik Group, BRP Companies & L+M Development Partners Sign Leases with Studio Museum in Harlem, United Negro College Fund, and Virginia Union University at the Urban Empowerment Center

May 06, 2024

New nonprofit office signings will bring continued commercial and community vitality to new National Urban League headquarters building at 121 West 125th Street.

L+M Development Partners Named Freddie Mac 2024 Multifamily Impact Sponsor

April 04, 2024

National affordable housing leader is recognized for delivering positive impacts for its residents, investors and partners.

Triborough Preservation Awarded $20M HUD Grant

March 28, 2024

The Triborough Preservation portfolio was selected as a round 2 winner in the U.S. Department of Housing and Urban Development’s Green and Resilient Retrofit Program.

L+M and Osborne Association Close on $126 Million Deal for Marcus Garvey Extension Phase 2 – Buildings C/E

March 27, 2024

Buildings C/E of the Marcus Garvey Extension Project Phase 2 will bring 178 units of new affordable housing to the Brownsville, Brooklyn neighborhood.

Sena Affordable Communities, Tredway, LIHC and LNWA Announce $68M in Financing to Preserve and Improve Homes for Seniors in Camden, NJ

March 04, 2024

The acquisition enables the extension of Riverview Towers Apartments’ affordability for another 30 years.