News - 2016

Barnes & Noble and Rutgers to Open Bookstore in Downtown Newark

Wall Street Journal - December 19, 2016

Barnes & Noble Education Inc. and Rutgers University-Newark to open a bookstore at Hahnes.

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Tackling New York’s Rising Power Demand With an Affordable Housing Microgrid

Greentech Media - December 13, 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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Trying to Undo a Lower East Side Diaspora

New York Times - December 09, 2016

Redevelopment of the Seward Park Urban Renewal Area lagged for decades, and the site is finally being rebuilt.

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Whole Foods opening its doors in Newark this winter - December 06, 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

MarketWired News - December 06, 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 - December 01, 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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‘Fully Affordable’ East Harlem Housing Development Wins Council’s Backing

DNAInfo - 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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Marcus Samuelsson Plans Newark Restaurant

Wall Street Journal - November 29, 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

Curbed - November 29, 2016

Lexington Gardens II is a fully-affordable residential project spanning an entire block in East Harlem.

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New Glimpses of COOKFOX’s Soaring Downtown Condominium, 25 Park Row - 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

Real Estate Weekly - November 25, 2016

Eastern Consolidated presents a keynote panel with the developers of Essex Crossing.

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Grand Street Settlement Celebrates Centennial With Gala at Capitale - November 23, 2016

Grand Street Settlement celebrated its 100th anniversary.

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Nestled in Between Two Bridges Is a Nabe Whose Time Might Have Finally Come

Commercial Observer - November 10, 2016

Gary Barnett’s Extell Development Company is bringing $1 million to $3 million condominimum units to Two Bridges.

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Essex Crossing’s enormous, ‘world-class’ marketplace gets new renderings

Curbed - November 01, 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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102 Ultra-Affordable Units Up for Grabs in Greenpoint, Starting at $368 a Month

Brownstoner - October 31, 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

Real Estate Weekly - October 31, 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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After More Than 17 Years, a Community Garden Is Rebuilt - October 26, 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

DNAInfo - October 18, 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

Commercial Observer - October 17, 2016

CEO Ron Moelis is featured in this months Commercial Observer.

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Redefining the Lower East Side

New York Times - October 09, 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 - October 04, 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

New York YIMBY - 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 - September 27, 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

Bronx Times - 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

New York YIMBY - September 21, 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

New York YIMBY - August 24, 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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Essex Crossing Team Celebrates “Topping Out” of First Building - August 24, 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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The Hard Work of Preserving Affordable Housing

Huffington Post - August 23, 2016

Ron Moelis had an OpEd published in Huffington Post.

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Is Newark finally cleaning up its act?

The Real Deal - August 21, 2016

Currently $2 billion in commercial and residential development is underway in the industrial town and that means big changes.

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In Newark, a New Chapter Unfolding

New York Times - 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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A Day At Dubos Point

The Wave, Rockaway's Newspaper - August 19, 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

Bowery Boogie - August 18, 2016

The concrete superstructure officially topped out at fourteen stories.

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Essex Crossing design competition proves wood is the future of sustainable architecture

Curbed - August 09, 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 - August 03, 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

Curbed - July 28, 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

New York YIMBY - July 27, 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

DNAInfo - July 13, 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

New York YIMBY - July 13, 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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Mott Haven Development That Combines Affordable Housing and Health Care

RealEstateRama - July 12, 2016

This 100% affordable housing, mixed-use development promotes access to nutritious and affordable food.

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Fairstead closes on $315M purchase of Savoy Park

The Real Deal - July 11, 2016

Savoy Park sale the largest multifamily deal of the year.

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Bronx Project Sees Health in Affordable Housing

Wall Street Journal - July 10, 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

Curbed - June 01, 2016

New details about the megaproject, Essex Crossing.

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Orange Officials Celebrate Opening of New Downtown Preschool - May 06, 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

Commercial Observer - April 20, 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

Affordable Housing Finance Magazine - March 31, 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

New York Times - March 30, 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 - March 23, 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 - March 21, 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

The Real Deal - February 09, 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

Real Estate Weekly - January 27, 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

New York Times - January 25, 2016

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

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