L+M, Urbane Development, The Bluestone Organization, Mega Group Development, and Triangle Equities Development Company announced the successful closing of over $278 million in financing for the construction of Arverne East Building D, the the first housing phase of the transformative Arverne East development masterplan. Arverne East will revitalize a vacant 116-acre oceanfront site into a vibrant and resilient community in the Edgemere neighborhood on the Rockaway Peninsula.
The $453 million in financing will fund renovations across seven public housing developments in Central and East Harlem, Manhattan.
Over 570 homes were delivered as part of the multiphase project that will transform the former Brooklyn Development Campus into more than 2,400 affordable homes.
Construction is finished on Ray Harlem, a 21-story residential building. Designed by Frida Escobedo Studio and Handel Architects, and developed by Ray and LMXD, the structure yields 222 mixed-income rental apartments and space for the National Black Theatre.
City officials along with state and development officials gathered to kick off the demolition, abatement, and remediation of the last nine former factory buildings in New Haven’s Science Park at Winchester Avenue and Munson Street.
StretchLab, an assisted-stretch wellness center, has signed the final retail lease at the Long Island City mixed-use development Jasper. The project is a joint venture among The Domain Companies, LMXD, the VOREA Group and Bridge Investment Group.
Partnership will support L+M’s growth efforts in the New York region, as well as expand development and preservation work in affordable housing around the country.
Tulane University and the New Orleans City Council agreed on June 7 to release $20 million from the Wisner Trust towards a transformative, mixed-use redevelopment of the Charity Hospital building. Engineering and design for the project will be provided by The Domain Companies, LMXD, SKK Opportunity Zone Fund I, LLC, and others.
The improved section of the roadway incorporates green infrastructure elements, has been widened for additional traffic capacity, and has been raised to mitigate flooding risks. The road upgrades were completed as part of the forthcoming Arverne East project, the city’s first net-zero community.
According to Sena Affordable Communities, an affiliate of L+M Fund Management, and Cortell Development Group, the renovations at Kingsbury Towers will focus on upgrading apartments and updating common areas, mechanical systems and exterior features.
Decades of planning culminate in this landmark milestone on the Queens’ Rockaway Peninsula, which will deliver 320 affordable rental and homeownership apartments, community amenities, and integrated resilient features.
River Commons, a mixed-use development consisting of 328 affordable and supportive homes, an approximately 43,000-square-foot public healthcare center and 6,000 square feet for community nonprofits, BronxWorks and African Communities Together, and 7,000 square feet of new public open space.
L+M and its project partners, Vaya Development, Ascendant Neighborhood Development, McCormack Baron Salazar, have closed on the $453 million PACT project, which will modernize and rehabilitate 1,058 apartments across seven sites. Designed in close collaboration with resident leaders, the construction work is anticipated to take approximately three years to complete, transforming the scattered sites with work extending to all of the apartments, building systems, and shared spaces.
This financial closing is a key milestone in the renovation of 10 residential buildings. Each development will receive comprehensive renovations to improve the quality of life for residents, including upgrades to apartments, shared spaces, grounds, and building infrastructure.
Alafia Phase I Delivers 576 Affordable and Supportive Homes, Cutting-Edge Sustainability, Easy Healthcare Access, Retail Opportunities, and Vibrant Public Spaces to Transform the Spring Creek Neighborhood.
Partnership will support L+M’s growth efforts in the New York region, as well as expand development and preservation work in affordable housing around the country.
Gov. Hochul announced Stella Phase II as a recipient of funding among a list of new developments in the Mid-Hudson region. The WBP and L+M project is a transformative mixed-use development near New Rochelle’s Metro-North station featuring 126 affordable condominium units.
The reconstructed Edgemere Avenue between Beach 32nd Street and Beach 38th Street on the Rockaway Peninsula in Queens has reopened after extensive infrastructure upgrades as part of the Arverne East development.
The project, which is expected to be completed by 2027, will also deliver 250 mixed-income rental apartments across two buildings–a six-story building and a 12-story structure–with approximately 2,300 square feet of ground-floor retail space.
National affordable and mixed-income housing leader L+M Development Partners LLC (L+M) today announced changes to its executive leadership team as the firm continues to advance operations and grow its portfolio in the New York area and nationwide.