Previous 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.

NJBiz.com - 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

ROI-NJ.com - 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

JerseyDigs.com - 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

NJ.com - 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

CleanTechnica.com - 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

Bisnow.com - 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

NJ.com - 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

NJ.com - 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

NJ.com - 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

NJ.com - 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

NJ.com - 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

NJ.com - January 18, 2017

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

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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

NJ.com - 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

TheLoDownNY.com - 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

CityRealty.com - 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

TheLoDownNY.com - 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

Patch.com - 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

TheLoDownNY.com - 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

JerseyDigs.com - 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

TheLoDownNY.com - 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

PlaceNJ.com - 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

NJ.com - 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

BrickCityLive.com - 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

Bisnow.com - 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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2015

City National Bank moving HQ to revitalized Hahne’s building in Newark

NJBiz.com - December 17, 2015

City National Bank will relocate its headquarters in Newark to the former Hahne & Co. building.

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Affordable housing’s fate hangs on 421-a renewal, according to L+M’s Lisa Gomez

Crain's New York Business - December 17, 2015

The COO of the affordable- and market-rate housing developer says the average family can’t afford rentals without city subsidies.

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Newark an example for U.S. ‘legacy’ cities, group says

NJ.com - December 08, 2015

The Hahnes development in New Jersey is a model for the revitalization of historic buildings across the country.

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Reinventing the Brooklyn Navy Yard

New York Times - October 30, 2015

The New York Times highlights the reinvention of the Brooklyn Navy Yard.

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SHoP’s Essex Crossing Mega-Market Will Be One of Largest in the Nation

6SqFt.com - October 26, 2015

Essex Crossing will be transformed and expanded into one the five biggest markets in the country.

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PHOTOS: New Urban Farm in Brownsville to Host Harvest Festival This Weekend

DNAInfo - October 14, 2015

Project EATS, along with dedicated farm volunteers and workers, will host the first ever Brownsville Harvest Festival at the new urban farm across from Marcus Garvey Village apartments.

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Design Within (Financial) Reach: The New Look of Affordable Housing

Observer - October 09, 2015

The Observer highlights Arverne View and Essex Crossing in this article about the evolving look of affordable housing.

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The Challenges of Financing 50/30/20s

Commercial Observer - October 07, 2015

Lisa Gomez explains the 50/30/20 Mixed Income Program in regards to B2 BKLYN, a development destined to be the tallest modular building in the world.

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Construction Finally Starts on SPURA Mega-Project

The Villager - August 28, 2015

Issac Henderson gives a progress report on the billion dollar SUPRA redevelopment project.

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New Mixed-Income Housing on the Lower East Side

New York Times - July 24, 2015

The New York Times highlights the construction on Essex Crossing.

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Upper Manhattan Makeover: Nelson Management Group and L+M Development Partners Unveil Renderings for Transformation of Promenade Apartments

The Bronx Chronicle - July 22, 2015

L+M teams up with Nelson Management Group to renovate the affordable and luxurious Promenade Apartments.

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5 Newarkers split $200K education, job training donation

NJ.com - July 09, 2015

L+M gives monetary donation to Newark Workforce.

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Home Ron: L+M CEO Ron Moelis is Having His Moment.

Commercial Observer - July 08, 2015

Max Rose covers Ron Moelis in a profile piece for the Commercial Observer.

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The Closing – Ron Moelis

The Real Deal - July 01, 2015

The Closing – Ron Moelis .

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L+M’s Greenpoint Affordable Housing Deal Saves Taxpayer Dollars

Crain's New York Business - June 26, 2015

Affordable Housing Deal Saves Taxpayer dollars.

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A Taxing Matter: 421-a

Observer - May 28, 2015

A Taxing Matter: Looking Back on the History of 421-a.

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Public-Private Partnership Preserves Homes for 2,000 New Yorkers

Gotham Gazette - February 10, 2015

L+M Development Partners, as part of Triborough Preservation Partners, will provide $80 million in capital work for 875 units of Section 8 housing in New York City.

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L+M Purchases Lower East Side’s Lands End I

TheLoDownNY.com - February 10, 2015

L+M Purchases Lands End I.

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Whole Foods Broad Street Celebrates its Anniversary

WDSU News - February 04, 2015

Whole Foods celebrates its first year in business.

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Plans for Essex Crossing development revealed

The Real Deal - January 15, 2015

L+M and partners have unveiled new plans for four of the Essex Crossing buildings on the Lower East Side.

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2014

L+M Buys Brownsville Portfolio for Nearly $100M

The Real Deal - December 29, 2014

L+M Buys Brownsville Portfolio for Nearly $100M.

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New Developments seen as Boosting Future of Newark Building Boom at Former Industrial Hub

Wall Street Journal - December 29, 2014

New Development Seen as Boosting Future of Newark Building Boom at Former Industrial Hub.

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Play with House Money

New York Daily News - December 14, 2014

NYCHA puts the Real in Real Estate.

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New York City to Sell Public-Housing Stake

Wall Street Journal - December 07, 2014

New York City to Sell Public-Housing Stake.

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L+M and Partners Bring Affordable, Veterans Housing to Crown Heights, Brooklyn

Multi-Housing News - November 12, 2014

L+M and partners announce the opening of Utica Place – the Crown Heights Brooklyn mixed-use project.

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New Events, Initiatives for Veterans Across the Borough

BrooklynBrief.com - November 10, 2014

L+M provides homes for veterans in Crown Heights.

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Utica Place Affordable Housing Opens

News12, Brooklyn - November 10, 2014

A new affordable apartment building opened its doors in Crown Heights Monday.

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Short Film Documents the Change at Rockaway Housing Complex Arverne View

Brownstoner - October 29, 2014

Short Film Documents the Change at Arverne View.

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Sandy-Damaged Complex Reopens

Fox5, New York - October 27, 2014

The low- to moderate-income Mitchell-Lama housing, Arverne View, at Far Rockaway has officially reopened.

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Rutgers Plans New Arts Center in Long Vacant Downtown Newark Department Store

NJ.com - October 09, 2014

Rutgers plans new arts center in long vacant Hahnes Department Store.

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Celebrity Hairstylist Leases Space in South Williamsburg

Commercial Observer - September 16, 2014

Celebrity Hairstylist Leases Space at 11 Broadway.

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L+M Signs What Not to Wear Star to 11 Broadway Lease

The Real Deal - September 15, 2014

L+M signs What Not to Wear star to 11 Broadway lease.

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The Posse Foundation Helps College Students Find Jobs

ABC7, New York - August 07, 2014

The Posse Foundation Helps College Students Find Jobs.

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L+M Development Opens Final Phase of Candlestick Heights

Multi-Housing News - July 28, 2014

L+M Development Partners announced the official opening of Candlestick Heights affordable housing community in San Francisco’s Bayview Neighborhood.

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Candlestick Heights Offers More Affordable Housing Opportunities

CBS, San Francisco - July 24, 2014

Candlestick Heights Brings High-End Affordable Housing to San Francisco.

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L+M Picks up Large Affordable Housing Portfolio in West Harlem

The Real Deal - July 02, 2014

L+M Picks up Large Affordable Housing Portfolio in West Harlem.

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The Windy City is in Queens – Pearson Court Square

Queens Chronicle - June 12, 2014

Pearson Court Square’s state-of-the-art rooftop wind turbines assist with building’s energy generation.

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Pearson Court Square is Leasing

Real Estate Weekly - June 11, 2014

Pearson Court Square, L+M’s 197-unit market rate rental in Long Island City is open for leasing.

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Rooftop Wind Turbines in Queens and Brooklyn

Fox5, New York - June 11, 2014

A different approach to energy efficiency is surging in New York City.

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Wind Turbines being Used in NYC as Source of Alternate Energy

ABC7, New York - June 11, 2014

Another renewable resource of energy is popping up around New York City.

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Turbines Popping Up on New York Roofs

New York Times - May 27, 2014

Turbines Popping Up on New York Roofs, Along With Questions of Efficiency.

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Turbines Atop Pearson Court Square

Brownstoner - May 27, 2014

Pearson Court Square boast three massive wind turbines on its roof.

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Nature Preserve Highlights New Arverne East Plan

DNAInfo - May 23, 2014

Arverne East New Plans Include Nature Preserve and Anti Gentrification Stores.

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L+M Development Completes First NJ Project in Orange

NJBiz.com - April 30, 2014

L+M Development Completes first NJ Project in Orange.

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Residents vie for 200 Apartments in Bayview

San Francisco Business Times - April 21, 2014

Nearly two dozen families have signed leases to move into Candlestick Heights in the Bayview District of San Francisco.

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J&R Finds Partner to Redevelop Sites Next to Closed Store

The Real Deal - April 21, 2014

J&R Finds Partner to Redevelop Sites Next to Closed Store.

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Second Phase Complete at Candlestick Heights

Multi-Housing News - April 09, 2014

L+M celebrated the completion of the second phase of construction at its first California community, Candlestick Heights, in San Francisco.

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L+M Honored by My Sisters’ Place

Lohud.com - March 31, 2014

Developer Honored by My Sisters Place.

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Whole Foods Market Opens in New Orleans

Gambit Weekly - January 31, 2014

The Refersh project transforms a former single grocery store into a collaborative fresh foods initiative.

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2013

Odd Developer L+M on Hot Streak

Crain's New York Business - December 08, 2013

Ron Moelis wants to do good, not just well, and he now seems to be doing a lot of both.

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Rockaway Residents Look Back at Hurricane Sandy and the Move to Arverne View

Brownstoner - November 22, 2013

Three Arverne View residents discuss their Sandy experience and their opinion of Arverne View.

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Navy Green Transforming Former Brig into Housing

New York Non Profit Press - November 08, 2013

City and State officials joined with for-profit and nonprofit developers and service providers to mark the first stage in transforming a former navy prison into affordable and supportive housing.

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L+M and Dunn Development Celebrate Completion of Phase I of Navy Green

Brownstoner - November 01, 2013

L+M Development Partners and Dunn Development celebrate the completion of the first phase of Navy Green.

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Far Rockaway’s Ocean Village Gets a Makeover

New York Daily News - November 01, 2013

After years of neglect Ocean Village gets a makeover.

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How Swede It Is – Arverne East Winner Named

The Wave, Rockaway's Newspaper - October 25, 2013

White Arkitekter, based in Stockholm, Sweden wins FAR ROC design competition.

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Architectural Firm Wins Contest to Rebuild 80-Acre Rockaway Site

Wall Street Journal - October 24, 2013

A Swedish architecture firm has won the competition to design a sprawling 80-acre development project in the Rockaways.

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City Plans Redevelopment for Vacant Area in Lower Manhattan

New York Times - September 17, 2013

L+M Development Partners wins Essex Crossing (Seward Park) development project, bringing promise to an area abandoned for over 40 years.

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NMTCs Offer Fresh Start for Healthy Food Hub

Novogradac Journal of Tax Credits - July 22, 2013

L+M Development and Broad Community Connections’ Refresh Project offers New Orleans’ Mid-City neighborhod better access to fresh, affordable food.

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Bold Experiment for 80-acre Rockaways Site

Crain's New York Business - July 18, 2013

Four semi-finalists selected to design waterfront development in the Rockaways.

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L+M Development Partners Announces Two New Commercial Tenants on South Williamsburg Corridor

National Real Estate Investor - June 20, 2013

L+M’s two commercial leases address the critical need for affordable housing and reasonably-priced retailers in the community.

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BronxWorks Honors COO of L+M Development for Community Action

Multi-Housing News - June 12, 2013

BronxWorks Honors Debra Kenyon, COO of L+M Development for community service

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New Fund Will Buy and Renovate Buildings for Low- or Middle-Income Residents

Wall Street Journal - June 03, 2013

L+M Joins With Citigroup Unit in Affordable-Housing Effort.

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Whole Foods Market work begins on North Broad Street in New Orleans

NOLA.com - May 09, 2013

New Orleans City leaders hail The ReFresh Project as an important first step in revitalizing the economically depressed corridor.

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Wall Street Journal: Design contest set for NYC-owned Rockaways site

Wall Street Journal - April 22, 2013

New York City officials have joined forces with developers and architects to announce a design competition for an 80-acre site in the Rockaways.

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Real Deal: Stalled Rockaway site seeks new life through competition

The Real Deal - April 16, 2013

L&M Development Partners, Triangle Equities and the Bluestone Organization have launched a competition for architects, engineers and local residents to design a new project at their storm-battered and stalled Rockaway Peninsula site.

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Affordable Housing Finance: Top 50 Affordable Housing Developers of 2012

Affordable Housing Finance Magazine - April 01, 2013

L+M is ranked Top 5 affordable housing developers nationwide.

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New York Times: New Life Takes Hold After Hurricane and Blight

New York Times - March 07, 2013

Family dislocated by Sandy find temporary refuge in Ocean Village.

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Curbed: Nearly Dead Candlestick Heights Project Finds New Life in Affordable Rentals

Curbed - January 07, 2013

After sales, defaults, resales, stalls and general complications, the condo development planned for Candlestick Heights will go ahead—as affordable rental housing.

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Multi-Housing News: Bay Area’s Candlestick Heights to Offer Crucial Affordable Housing

Multi-Housing News - January 07, 2013

Financing is in place for acquisition and development of Candlestick Heights, a 196-unit affordable rental community just to the west of Candlestick Park in San Francisco.

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San Francisco Business Times: Broken condo deal near Candlestick revived as affordable rental

San Francisco Business Times - January 03, 2013

A long-stalled condominium project near Candlestick Park is being revived as an affordable rental housing development.

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2012

New York Times: Ocean Village gets new owner

New York Times - December 26, 2012

Ocean Village complex gets a new owner and new lease on life.

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A Switch in San Francisco

Wall Street Journal - December 25, 2012

A stalled San Francisco condominium project will be converted into affordable rental housing.

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Yonkers Daily Voice: Yonkers Unveils Downtown Affordable Housing Complex

Yonkers Daily Voice - October 25, 2012

L+M delivers the goal of quality housing for working families.

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Officials open $32M apartment building in Yonkers

Lohud.com - October 21, 2012

More than five years after planning began a $32 million downtown apartment tower will welcome its first residents later this fall.

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NY Daily News: Ocean Village Set to get new owner

New York Daily News - October 05, 2012

New hope on the horizon for Rockaway Development.

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New York Newsday: Yonkers affordable housing complex opens to fanfare

New York Newsday - September 15, 2012

49 North Broadway, the 92 affordable housing unit in Yonkers, NY celebrated its ceremonial opening.

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The Real Deal: $140K units for sale in new East Harlem development

The Real Deal - April 19, 2012

The sales office at La Celia, a new 123-unit middle-income cooperative development located at 64 East 111th Street is officially open.

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2010

NY Daily News: A Harlem Street Shows Why and How Affordable Housing Works

New York Daily News - November 05, 2010

From an unfavorable history to a family-friendly haven, W. 148th Street has a colorful past.

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The Real Deal: The Brooklyn Bridge Park Price Bump

The Real Deal - October 01, 2010

In the 1950s, Robert Moses excised a patch of Brooklyn waterfront from the larger brownstone neighborhoods of Carroll Gardens and Cobble Hill, using his preferred surgical tool: a highway.

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CRAINS New York: Goldman arm revives Williamsburg project

Crain's New York Business - September 03, 2010

L+M Development Partners and Goldman Sachs Urban Investment Group have revived a long-stalled waterfront site near the Williamsburg Bridge in Brooklyn.

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New York Times Interview: CEO and Chairman Ron Moelis

New York Times - August 08, 2010

Mr. Moelis, is the chief executive and chairman of L+M Development Partners which develops, constructs, and manages affordable and market-rate apartments for rent or sale throughout the New York area.

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The Wall Street Journal: Citi Community Capital Launches $100 Million New York Affordable Housing Preservation Fund With L+M Development Partners

Finanzen.net - July 28, 2010

Citi Community Capital (“CCC”) and L+M Development Partners today announced the creation of a $100 million New York Affordable Housing Preservation Fund (NYAH Preservation Fund).

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The Wall Street Journal: By Any Name, Columbia Street District Shows Life

Wall Street Journal - June 30, 2010

The attraction of being near the East River is helping to draw new residents and businesses to the Columbia Street Waterfront District.

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The New York Times: A Building Brings Haves And Have-Somes Together

New York Times - June 25, 2010

The Kalahari condominium, located on W. 116th Street in Harlem, is one of the city’s dozens of mixed-income condo buildings, making it a social engineering construct of sorts.

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The Wall Street Journal: Turning Old School Into New Condos

Wall Street Journal - June 25, 2010

The new condominium development, known as PS90 located in Harlem, is due to open its doors in the next few days, in the shell of a classic H-shaped public school.

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NY1: “Navy Green” Development Hopes To Make Brooklyn Neighborhood Blossom

Spectrum News, NY1 - April 24, 2010

The Brig Site in Wallabout, Brooklyn was once a Navy barracks and then a prison will soon become a two-and-a-half acre residential community.

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Affordable Housing Property Leads Revitalization Of Brooklyn Waterfront

Novogradac Journal of Tax Credits - January 14, 2010

Palmer’s Dock, an affordable housing development on Brooklyn’s Greenpoint-Williamsburg waterfront was the first affordable housing property developed in Williamsburg under New York City’s Inclusionary Housing Program (IHP).

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2009

HUD Secretary Donovan Joins Former Residents And Elected, Housing Officials To Celebrate Groundbreaking At Former Lafitte Community

October 23, 2009

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan, city leaders, housing officials, former residents and other community members today celebrated the groundbreaking for the first phase of redevelopment at the former Lafitte public housing site.

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HPD Commission Cestero, HDC President Jahr Announce L+M Development Partners to Begin Rehabilitation of a Section 8 Rental Building In Harlem

September 10, 2009

New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and New York City Housing Development Corporation (HDC) President Marc Jahr announced today that L+M Development Partners Inc. has closed on the construction funding and will begin rehabilitating 1428 Fifth Avenue, a 120-unit Section 8 rental building located on West 116th Street in Harlem.

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City and State Join L+M Development Partners to cut Ribbon on Prospect Plaza

September 01, 2009

Brooklyn Borough President Marty Markowitz and New York State Housing Finance Agency (HFA) President and Chief Executive Officer Priscilla Almodovar today celebrated the completion of Prospect Plaza, a brand new 151-unit affordable housing complex in Ocean Hill-Brownsville.

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Providing Quality Affordable Housing, Improving Lives

July 16, 2009

Loewentheil’s firm, L&M Development Partners Inc., has become one of the nation’s premier companies in the field of affordable housing. It builds and develops mixed-income residential housing in the New York City metropolitan area, and its properties include a million square feet of commercial, retail, and parking garages.

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Officials gathered at 330 Riverdale Ave. yesterday to break ground on a $54.5 million affordable-housing complex

June 16, 2009

Yonkers officials break ground on new affordable housing.

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Aurora Condominium Over 90% Sold

May 20, 2009

Moving trucks are a daily occurrence at 837 Washington Avenue in the Bronx, also known as the Aurora Condominium. Showing that homeownership works in the Bronx.

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2008

Newly Formed GSLM Closes First Deal

The Real Deal - October 06, 2008

GSLM Capital Partners said it completed financing on the proposed $55 million Columbia Hicks apartment complex in Cobble Hill, marking the first development under GSLM’s recently launched urban investment fund.

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L+M to Rebuild Brooklyn’s Navy Brig Site

May 01, 2008

The city of New York announces the redevelopment of the Navy Brig site in the Fort Greene / Wallabout area of Brooklyn, which will create a unique and unprecedented mixed-use community.

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2006

Condo Culture Hits the South Bronx

New York Daily News - June 29, 2006

Affordable housing is going upscale in the South Bronx. Excavating is underway for the nine-story Orion, the area’s first elevated condo building. Anticipated occupancy is this spring.

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L+M Awarded Mixed-Use Development Site In The Rockaways

March 10, 2006

Mayor Michael R. Bloomberg broke ground on a new 30,000 square foot YMCA Center at Arverne by the Sea in the Rockaways, a 117-acre mixed-use community slated to break ground this summer.

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0201

Lower East Side Partnership Takes Space at Essex Crossing

Bowery Boogie - December 27, 0201

The local organization signed a ten-year lease for 3,400 SF of space.

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