News - 2017

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.

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Essex Crossing’s Next Affordable Housing Lottery Launches

Curbed - December 13, 2017

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

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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.

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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.

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Exclusive: L+M Development Announces Coworking Tenant at Hahne & Co. - November 29, 2017

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

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Celebrity Chef Samuelsson Opens First Restaurant in Newark - November 20, 2017

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

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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.

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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.

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Marcus B&P in Newark Reportedly Opening Very Soon - 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.

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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.

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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.

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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.

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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.

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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.

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

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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.

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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.

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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. 

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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

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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.

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Retail Grows In Brooklyn, Thanks To Residential Development - July 12, 2017

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

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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.

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L+M Development Opens Children’s Library in Newark - June 25, 2017

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

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

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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.

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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.

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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.

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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.

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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.

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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.

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The Commercial Observer Power 100

Commercial Observer - April 26, 2017

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

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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.

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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.

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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.

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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.

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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.

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Japanese Retailer Muji Signs 10-Year Lease in Williamsburg

Wall Street Journal - April 02, 2017

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

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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.

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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.

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Essex Crossing’s First Affordable Housing Lottery Has Launched

Curbed - March 02, 2017

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

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At Whole Foods’ Newark Opening Organic Smiles to go with the Food - March 01, 2017

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Hahne’s Building Opening Celebrated as a Sign of Newark’s Rebirth - January 24, 2017

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

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

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Look Inside: Rutgers-Newark Opens Arts Incubator in Old Hahne’s Building - January 18, 2017

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

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