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James Yolles: 646.676.4488james@heller.inc Claire Holmes: 646.822.0355holmes@heller.inc

NEWS


NYREJ Developing Queens Spotlight: Jasper

NY Real Estate Journal - May 26, 2026

Part of the Brownfield Cleanup Program, Jasper is a mixed-use, mixed-income development in Long Island City and includes 499 apartments, with 150 apartments set aside as affordable. Jasper’s ground-floor commercial space is 100% leased, with retail tenants bringing dining, daily convenience, wellness, and childcare into one location.

$97.8M Secured to Deliver 105 Affordable Homeownership Units at Harlem Redevelopment

New York YIMBY - May 21, 2026

Lemor Development Group, Infinite Horizons, L+M Development Partners, and Urbane Development Group are transforming the former Lincoln Correctional Facility at 31–33 West 110th Street into a 22-story, mixed-use development. The project will deliver 105 affordable cooperative homeownership units, along with community facility space and resident amenities.

Work Officially Begins on Arverne East Building D

New York Yimby - April 27, 2026

Construction has begun on Arverne East Building D, a ten-story residential building in the third phase of the 116-acre Arverne East oceanfront master plan. When complete, the 320-unit, affordable, mixed-use building will create 89 cooperative homeownership units and 229 rental apartments.

HPD Highlights the Impact of Passive House Design at Sendero Verde on World Asthma Day

April 18, 2026

A resident shares how living at Sendero Verde has significantly reduced her son’s asthma attacks.

The Winston Opens in New Haven’s Science Park

WTNH News 8 - March 26, 2026

The new mixed-use, mixed-income development celebrated its ribbon cutting, bringing 283 new homes and 12,800 square feet of retail space to New Haven’s redeveloped Science Park neighborhood.

LMXD, Project Partners and Government Officials Celebrate Westpark Groundbreaking

CBS News Philadelphia - March 02, 2026

LMXD, MSquared, and Philadelphia Housing Authority joined city and state officials to break ground on Phase 1 of the Westpark Redevelopment project. The project will transform a vacant public housing site into a mixed-income community in West Philadelphia and will represent a new model for mixed-income LIHTC transactions in Pennsylvania.

The New York Times Features Miramar Resident

The New York Times - February 09, 2026

A Miramar resident featured in the New York Times tells the story of how she and her family made their return to NYC. A collaboration between L+M, MSquared, and Taconic Partners, Miramar is a mixed-use community in Inwood that includes nearly 700 rental residences, extensive indoor and outdoor amenities, retail, parking, and is home to The People’s Theatre. 

New York City’s First Net-Zero Community Moves Forward

The Wave - January 02, 2026

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.

Ten PACT Developments In Central And East Harlem to be Renovated

New York Yimby - December 28, 2025

The $453 million in financing will fund renovations across seven public housing developments in Central and East Harlem, Manhattan.

Alafia Phase 1 is Officially Open!

BK Reader - December 15, 2025

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.


PRESS RELEASES


$97.8M Development in Harlem Will Deliver More Than 100 Affordable Homeownership Units

May 21, 2026

This closing is a key milestone in the transformation of the former Lincoln Correctional Facility into a vibrant mixed-use building providing unprecedented affordable homeownership opportunities for individuals and families in the local community.

Arverne East Development Team, Governor Hochul, Dept of Housing and Preservation Announces Groundbreaking of Affordable Development in Far Rockaway

April 27, 2026

Work has officially begun at Arverne East Building D in the Far Rockaway neighborhood of Queens. Building D is the third phase of the transformative Arverne East master plan, a project that aims to be New York City’s first net-zero community and prioritizes sustainability and resiliency design elements.

LMXD’s ArtSide Project Will Feature Work from Local Artists on NJPAC’s Reimagined Campus

April 22, 2026

The New Jersey Performing Arts Center’s (NJPAC) public art initiative commissioned 13 local artists to create site-specific, public works of art that will be installed in locations across NJPAC’s transformed 12-acre campus.

LMXD, Twining Properties, and City and State Officials Celebrate the Opening of The Winston

March 26, 2026

The Winston marks a major milestone in the long-term revitalization of the former Winchester Repeating Arms Company factory complex, transforming a previously underutilized surface parking lot into a vibrant five-story building that activates the site and delivers much needed housing and neighborhood-serving uses.

Philadelphia Housing Authority, LMXD & MSquared Close on Financing for First Phase of Westpark Redevelopment

March 02, 2026

The team broke ground on Phase 1, which will include 327 new homes to be developed across three buildings and significant infrastructure development to reintegrate the site back into the city’s street grid. The redevelopment will revitalize the entire 12-acre West Philadelphia campus. 

Financing closes for $92.5 Million PACT Project to Renovate the Homes of Over 450 Residents at Campos Plaza II in East Village

February 06, 2026

The milestone reflects deep collaboration with residents, NYCHA, and our project partners, as well as our shared commitment to strengthening this vibrant East Village community. With comprehensive apartment renovations, major building upgrades, reimagined outdoor spaces, and expanded resident services, this work will have a meaningful impact on 450 residents while preserving long‑term affordability.

New York City’s First Net-Zero Community Moves Forward As Arverne East Development Team Closes On $278.8 Million In Financing For Arverne East Building D

December 29, 2025

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.

Type A Projects, BronxWorks, and L+M Close on Over $255 Million in Financing for 100% Affordable Housing and Healthcare Development in the Bronx

December 23, 2025

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 Partners Closes on Financing for $453 Million PACT Project to Renovate the Homes of Over 1,300 Residents in Harlem

December 18, 2025

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 Opens: A Bold New Era of Affordable and Supportive Living in East New York

December 12, 2025

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.