News

NYC Neighborhoods That Will Boom in 2020

New York Post - December 31, 2019

East Harlem and the Financial District are home to L+M’s Lexington Gardens II and 25 Park Row developments respectively.

NYC’s Most Important Projects of the Past Decade

6qft - December 30, 2019

Essex Crossing makes the list in this ten-year development roundup.

The Largest Projest of 2019

The Real Deal - December 23, 2019

L+M’s Bronx Point development ranks in the top ten list.

New York Awards $3.5M Grant to Help Build Hip-Hop Museum in the Bronx

New York Post - December 20, 2019

The museum will occupy 50,000 SF of L+M’s Bronx Point development.

L+M Secures $179 in Financing for Marcus Garvey Extension Project in Brownsville

Commercial Observer - December 19, 2019

The three buildings will develop 348 new affordable housing units and approximately 13,400 SF of commercial and community facility space.

Sendero Verde Wins 2019 Best of Design Award for Unbuilt – Green Building

The Architect's Newspaper - December 19, 2019

Once completed, the Harlem development will be the largest fully affordable passive-house building in the world.

NYC’s Most Active Developers

The Real Deal - December 18, 2019

L+M ranks third in New York City for development in 2019.

Construction Continues on 180 and 202 Broome Street

NY Yimby - December 09, 2019

View photos of both Essex Crossing sites, which are scheduled to be completed by the end of 2020.

Walker House Apartments More Than Half Leased

Real Estate NJ - December 05, 2019

The downtown location, amenities and upcoming retail and entertainment offerings are drawing residents to the historic Newark tower.

25 Park Row Set To Open Next Spring In Financial District

NY Yimby - December 05, 2019

View progress photos of the 50-story mixed-use tower.

Story Avenue Development Brings 435 Affordable Housing Units to the Bronx

6sqft - November 25, 2019

The two buildings located at 1520 and 1530 Story Avenue officially opened their doors with a ribbon cutting ceremony.

The Market Line Opens in Essex Crossing

The New York Times - November 19, 2019

The Market Line will bring even more dining options with a collection of food stalls and restaurants opening to the public this weekend.

A Guide to Essex Crossing Development

Crain's - November 12, 2019

The project on the Lower East Side is receiving praise for its mix of affordable housing and community amenities.

Essex Crossing: One of New York’s Most Promising Developments

NY Times - November 07, 2019

The mixed-use project is providing hundreds of affordable apartments, neighborhood perks and a new home for the Essex Market.

L+M and Partners Acquire Former Higher One Headquarters in New Haven

New Haven Register - October 31, 2019

The $25M renovation will create mostly laboratory space, making it one of few buildings able to accommodate biotech companies in the county.

Essex Crossing Development Achieves Financial Milestone

The New York Post - October 29, 2019

Delancey Street Associates secure $215 million in permanent financing for The Essex.

25 Park Row’s Curtain Wall Nears Completion in the Financial District

YIMBY - October 24, 2019

View the latest photos of the 702-foot-tall tower.

Escape to New York at These Must-Visit Locales

Metro News - October 21, 2019

The new Essex Market is highlighted as a food heaven thanks to its large assortment of grocery, specialty and prepared food vendors.

Ron Moelis Named as ULI Visionary

Real Estate Weekly - October 18, 2019

Ron will receive the Visionary Leadership in Land Use Award in 2020 at the ULI NY Annual Awards for Excellence in Development Gala.

25 Park Row is Highlighted for its Design

The New York Times - October 18, 2019

The traditional style is resonating with buyers and nearly 40 percent of apartments are sold.

Essex Crossing’s 202 Broome Street Tops Out

Curbed - October 15, 2019

The 14-story building is between Norfolk and Suffolk streets and will include 83 apartments and 175,000 SF of office space.

Project EATS Founder and President, Linda Goode Bryant, Shares Her Sunday Routine

The New York Times - October 11, 2019

Including a visit to the Essex Crossing Farm.

Essex Crossing Farm is the Largest in Manhattan

NBC - October 11, 2019

The farm, six stories up on The Essex rooftop, produces freshly grown vegetables for the community to purchase.

Affordable Co-Living Plans Now on the Table

Real Estate Weekly - October 09, 2019

L+M and LIHC Investment Group will develop 56 shared housing units as part of the City’s ShareNYC initiative.

Developers Land Permanent Loan With $53M in Financing for The Niko

Commercial Observer - October 03, 2019

The fully leased, 110-unit building was completed last year.

Office Space Unveiled at Walker House

Real Estate NJ - October 02, 2019

There is now more than 50,000 square feet of office space inside one of downtown Newark’s most iconic buildings.

Essex Crossing’s New Additions at 180 and 202 Broome Street

City Realty - September 30, 2019

Significant construction is underway on two adjacent buildings, which are both set to open next year.

Innovations in Energy-Efficient Apartments

Multi-Housing News - September 30, 2019

Sendero Verde is highlighted as an example of Passive House principles being successfully applied to a large scale project.

New 10,600-Square-Foot Mural Coming To Essex Crossing

City Realty - September 27, 2019

The bright and colorful 220-foot-long mural will be at Grand and Clinton streets.

Craft Brewery, Taproom Opening At Walker House

Patch.com - September 27, 2019

A new craft brewery and taproom plans to open in the spring of 2020 at 540 Broad Street in Newark.

L+M Joins Newark Arts to Transform Storefronts into Art Exhibits

PR Newswire - September 27, 2019

Walker House and Hahne’s will transform into temporary art exhibits that showcase local arts and culture during the Newark Arts Festival.

Why Essex Crossing Is a Model Mega-Development

CityLab - September 12, 2019

Essex Crossing, a six-acre project, seeks to fit into—rather than shake up—New York’s Lower East Side.

New Food Halls Sprout Up in New York City

The New York Times - September 03, 2019

This fall, the Market Line, with 30 vendors of prepared food and fresh ingredients, including some restaurants, will open on the level below Essex Street Market.

Low-Income New Yorkers in Line for Affordable Housing Jobs

Real Estate Weekly - August 30, 2019

L+M will support the development of a new training program that will help people prepare for, and access, employment opportunities.

Newark Local Beer, a Micro-Brewery, Will Open Inside the Renovated Walker House

NJ.com - August 26, 2019

The brewery will open in early 2020 and will bring unique and local flavors to downtown Newark.

Get a Peek Inside the Fully Restored Walker House

6sqft - August 14, 2019

The Art Deco masterpiece at 540 Broad Street officially opened in June.

New Brewery to Open at 55 South Essex Avenue in Orange

northjersey.com - August 02, 2019

The first brewery to operate in the area in nearly 40 years will be just steps from the NJ Transit.

An Aerial Farm Sprouts at Essex Crossing

Daily News - July 31, 2019

In addition to selling fresh produce, the Essex Farm will work with local medical providers to connect patients to health vegetables, host after-school programs and provide free breakfasts for seniors and families.

L+M and Invesco Venture to Buy 2,800 Manhattan Rental Properties and Will Make Two-Thirds Affordable

The Wall Street Journal - July 30, 2019

The joint venture will preserve five former Mitchell-Lama developments and return more than 1,800 units in Manhattan to long-term regulation.

L+M & Partners Secure Financing for New Rochelle Development

Real Estate Weekly - July 24, 2019

14 LeCount Place, a 27-story mixed-use and mixed-income building, is expected to be completed in 2022.

A developement in Harlem will be home to the National Urban League’s new headquarters and affordable housing

Curbed - July 22, 2019

The 17-story building on West 125th Street will include a new civil rights museum, office space, space for neighborhood nonprofits, and 170 affordable apartments.

Counting Down to a Green New York

NY Times - July 15, 2019

Sendero Verde and Beach Green Dunes II are highlighted as affordable housing projects that are leading the way in sustainable design.

Essex Crossing Is Getting a Bike Shop

Commercial Observer - July 11, 2019

New Jersey bike shop Hilltop Bicycles will open a 2,000-square-foot shop on the ground floor of 175 Delancey Street in August.

Essex Crossing Successfully Blends Modernity, Tradition & Community

Forbes - July 03, 2019

Essex Crossing is highlighted for aptly preserving the Lower East Side’s history while introducing new amenities to the community.

L+M Development Secures $20M in Financing for Newark Housing

The Real Deal - July 03, 2019

The refinancing will allow for substantial renovations at the Zion Towers complex, which L+M acquired in 2017.

Art Deco Buildings Turned Newark into a Place of Refinement

TAP into Deville - July 02, 2019

L+M’s Walker House is one of only three landmarked buildings erected during the Art Deco architectural movement that began in the late 1920s.

More Than 265 Units to be Modernized at Zion Towers

Real Estate NJ - June 27, 2019

L+M Development Partners and Prudential Financial have secured financing to preserve and renovate a government-subsidized housing complex in Newark’s South Ward.

East Harlem Affordable Homes Bring Green Tech, Social Services and a School

Bloomberg - June 27, 2019

Construction on the first phase of Sendero Verde will begin in the next few weeks and finish by 2022.

Rock Climbing Gym Comes to Newark

NJ.com - June 26, 2019

Method Climbing is expected to open to the public in early 2020 on the lower floors of Walker House.

L+M Continues Significant Preservation Work at Zion Towers

Patch - June 26, 2019

The building’s 268 apartments will be modernized with new kitchens and bathrooms, as well as updates to the common areas, roof, building façade and elevators.

Lottery Launches for Essex Crossing Affordable Senior Housing

Patch - June 19, 2019

Annual income requirements for the building at 140 Essex St. range from zero to approximately $51K.

Historic Walker House Opens in Newark

TAP into Newark - June 11, 2019

The restored building, originally built in 1929 as the Bell Telephone Building, includes affordable housing, tech classrooms and office space.

Coming Home to the Lower East Side

NY Times - June 10, 2019

A resident of The Essex reflects fondly on her childhood neighborhood as she returns to the community over 40 years later.

Kingsbridge Heights Apartments Officially Opens its Doors

CityLand - June 03, 2019

The affordable, energy efficient building located in the Bronx provides housing and supportive services to formerly homeless families.

Full Stomachs Equal Happy Renters

NY Times - June 03, 2019

Buildings developed in tandem with food halls, like The Essex, are proving to be very attractive for residents.

After-School Program Brings Lower East Side Students To Essex Crossing Sites

Patch - June 03, 2019

The City Seekers program educates kids on the Lower East Side’s history and the Essex Crossing development.

AHF Names 2019 Readers’ Choice Award Finalists

Affordable Housing Finance - May 31, 2019

L+M’s The Essex is a finalists for the Mixed-Use category.

View Progress Photos of 25 Park Row

YIMBY - May 22, 2019

Work on the 50-story tower in the Financial District is on schedule to be completed by the end of this year.

Essex Market Makes its Official Debut

The Lo-Down - May 13, 2019

The grand opening included a ribbon-cutting ceremony and speeches from city officials.

Essex Market Opens to the Public on Lower East Side

AM New York - May 13, 2019

The new market is home to more than 35 vendors and is nearly three times the size of the original market.

10 Fun Facts About the New Essex Market

Untapped Cities - May 13, 2019

Learn more about the marketplace that continues the traditions of valuing small business and serving as a resource for the community.

Newark’s Historic Walker House Launches Leasing

NJ Star Ledger - May 09, 2019

View photos of the landmarked 21-story building as renovations near completion.

Essex Crossing Developers Create City Seekers After School Program

NY1 - May 08, 2019

In partnership with three Lower East Side schools, the program teaches children the history of their neighborhood over an eight-week period.

Highly Anticipated New Essex Market Opens in May

Eater NY - April 25, 2019

The grand-opening for the longtime city-owned food hall is scheduled for May 13th.

L+M Executives Rank 26th in Top 100 Real Estate Power Players

Commercial Observer - April 23, 2019

L+M’s Ron Moelis, Lisa Gomez and David Dishy rank #26—up from #31 in 2018—in the Commercial Observer’s annual roundup of the top 100 real estate players.

Leasing At Newark’s Walker House Set to Begin May 1

Wall Street Journal - April 19, 2019

L+M’s newest development will include 64 apartments, with 20% set aside for affordable housing, commercial space, and ground-floor retail.

Tower at Essex Crossing’s 180 Broome St. Tops Out

Curbed - April 17, 2019

Designed by Handel Architects, the mixed-use 26-story building will include 142 market-rate rentals and 121 affordable units.

Harlem Church Partners with L+M to Open New Senior Center

Patch - April 12, 2019

Three years after their lease expired at a former location, Canaan Baptist Church of Christ opened its new center on Fifth Avenue and 117th Street.

L+M Joins List of Top 10 Companies Completing Acquisitions

Affordable Housing Finance - April 11, 2019

Affordable Housing Finance names L+M #7 in its 2018 annual rankings.

L+M Named #18 in Top 50 Owners List of 2018

Affordable Housing Finance - April 09, 2019

L+M ranks 18th in the country for Affordable Housing Owners and 20th for Affordable Housing Developers.

Regal Opens New 14-Screen Multiplex at Essex Crossing

The Lo-Down - April 08, 2019

The three-level theater at 129 Delancey St. features stadium seating, luxury recliners and an expanded concessions menu.

Essex Crossing’s First Phase Wins ULI Award

Patch - April 05, 2019

The Urban Land Institute New York honors the Lower East Side development team for excellence in mixed-use development.

NYC’s 13 Most Anticipated Restaurant Openings of Spring 2019

Eater NY - April 04, 2019

The new Essex Street Market and Market Line are bringing big names to the Lower East Side.

An Immigrant Success Story at the Essex Street Market

The Lo-Down - April 04, 2019

Owner of Pain D’Avignon shares a brief account of the bakery’s history.

The Market Line Embracess Its Immigrant Past

The New York Times - April 02, 2019

By inviting local businesses, the Essex Crossing marketplace seeks to evoke the environment of the Lower East Side in the 19th century.

Essex Crossing Development Knows Its Neighbors

New York Magazine: Intelligencer - April 01, 2019

Planners intentionally designed the project to compliment the Lower East Side neighborhood and culture.

Ron Moelis Named in New York Real Estate Power 50

City & State New York - March 31, 2019

L+M CEO is recognized in the top 20 as an industry leader who is reshaping New York.

Film Production Forum Turns Spotlight on Express Newark Arts Incubator

ROI - March 22, 2019

Located within the Hahne & Co. building, the Rutgers University-Newark’s community-based arts collaborative is committed to social justice realized through the arts.

Speakers Announced for The Real Deal’s 12th Annual NYC Showcase and Forum

The Real Deal - March 21, 2019

L+M’s Ron Moelis will be a featured panelist at the May 15th event.

Here’s the Full List of Vendors for the New Essex Street Market

Bowery Boogie - March 18, 2019

Forty merchants will debut at the grand opening this spring.

Lottery Opens for 113 Affordable Units in Far Rockaway

6sqft - March 18, 2019

The eight-story building, which meets passive house certification, is the second phase of Beach Green Dunes.

L+M’s Innovative Approach Clinches ‘Owner of the Year’

ENR - March 18, 2019

L+M executives share how their work is grounded in social responsibility.

Impressive Views from the Rooftop Terrace at The Essex

Patch - March 15, 2019

The view from the 26-story tower is a main selling point for the 98 market rate rentals.

Housing Lottery Launches for New South Bronx Rental

6sqft - March 14, 2019

Story Avenue West is comprised of 223 mixed-income units and offers several amenities including proximity to 205 acres of green space.

Essex Crossing is Ready for its Closeup

Commercial Observer - March 12, 2019

Phase one of the highly anticipated project, which will include a food hall and family entertainment, will soon be completed.

A City Mom Upgrades Her Empty Nest

NY Times - March 07, 2019

Niko East Village resident shares her experience in finding her new home and why The Niko was her first choice.

Unique Look at Newark Will Now be Seen by the World

ROI-NJ - March 06, 2019

United Airlines Hemisphere’s magazine features the City of Newark in the March issue, and highlights The New Ark Hanger Steak at Marcus B&P.

Sales are Underway at 25 Park Row

Real Estate Weekly - March 01, 2019

The high-rise building features 110 residences, and was developed by L+M in partnership with the family behind J&R Music World.

Adda Hitmakers Are Bringing Everyday Indian Fare to New Essex Street Market

Eater NY - February 26, 2019

Dhamaka will be one of two full-service restaurants opening this summer on the Lower East Side.

Universal Hip-Hop Museum Coming to the Bronx

NY1 - February 13, 2019

L+M’s Bronx Point development located on the Harlem River waterfront will be home to the museum.

New Brownsville Training Program Preps Residents for Construction Careers

BK Reader - February 12, 2019

Residents at Marcus Garvey Apartments graduate from a 16-week program that teaches them new skills in carpentry, framing and electrical work.

L+M’s Isaac Henderson is featured on the ULI New York Blog

ULI New York - February 08, 2019

Q & A with the Development Director of Essex Crossing, which is a 2019 ULI Awards Finalist for Excellence in Mixed-Use Development.

New Essex Street Market Completes Vendor Lineup

AM New York - February 05, 2019

Restaurants Don Ceviche, Happy Pig, Mille Nonne and Heros & Villains join the marketplace.

L+M Named ENR New York’s 2019 Owner of the Year

ENR New York - February 04, 2019

L+M was selected for this accolade because of its mixed-income and affordable housing projects as well as its commitment to enhance communities.

A New Condo Tower Debuts At Former J&R Music Site

Curbed - January 29, 2019

COOKFOX architects created 25 Park Row as a modern interpretation of the surrounding landmark buildings.

How Essex Crossing Is Part of The New Lower East Side

Real Estate Weekly - January 25, 2019

The project was designed to harmonize with the existing community and bring central amenities to the neighborhood.

Muralists Sought for Public Art at New Essex Street Market

Bowery Boogie - January 23, 2019

A painting that embodies the market’s historical significance and the community’s culture will be installed.

Commercial Real Estate Women New York’s Luncheon

New York Real Estate Journal - January 22, 2019

L+M’s Bernadette Amarosa was a panelist for a discussion about the transformation of the Lower East Side and Essex Crossing.

Housing Lottery Odds Are Better Than Powerball

The New York Times - January 11, 2019

Elated New Yorkers share their success stories of winning new affordable homes at Essex Crossing, Greenpoint Landing and other properties.

10 Major Real Estate Projects Coming To NYC This Year

Bisnow - January 09, 2019

Beach Green Dunes II in Far Rockaway is L+M’s first building designed and built to Passive House standards.

Essex Crossing’s Second Senior Housing Building Rises Halfway

Bowery Boogie - January 08, 2019

The 100% affordable development will include 92 studio apartments.

Essex Crossing’s Latest Market-Rate Rental Arrives

Curbed - January 03, 2019

Amenities at The Essex include a lounge with billiards, a library, a meeting room, a children’s playroom, a fitness center with Peloton bikes, and a rooftop terrace.

Urban Land Institute Award Finalists Announced

Urban Land Institute - January 03, 2019

275 Broad Street and Essex Crossing Phase 1 are finalists in the Excellence in Repositioning and Mixed-Use Development categories respectively.

Leasing Launces at The Essex

City Realty - January 03, 2019

The building features ground-floor retail, a new 14-screen Regal Cinemas and The Market Line, a bazaar-like marketplace set to be one of the largest in the world.

6 Crucial Ways New York City’s Landscape Will Change in 2019

Curbed - January 02, 2019

Essex Crossing will have several major openings as Phase 1 nears completion.

5 Newark Development Projects to Watch in 2019

TAP into Newark - January 01, 2019

The art deco tower at 540 Broad Street will feature 265 units, including about 50 affordable residences and over 80,000 SF of office space.