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.
The mixed-use development Museum Parc will include 250 rental apartments, a 4,000-square-foot gallery for the Newark Museum of Art, and new retail along Central Avenue in Newark.