New York City is home to millions. It is home to residents who live in the properties that L+M Development Partners develops, builds, and manages. It is home to many of our staff members. It is home to my family and my business. I was born and raised in New Rochelle, and, with my business [...]
The City could see a loss of 21,000 new affordable apartments next year due to NYC Housing Preservation and Development’s budget cuts, as reported in the Commercial Observer. And while HPD stated the budget is shifting to the 2022 and 2024 fiscal years, delays to construction projects resulting in the cuts will have a dramatic [...]
L+M grantee NYC Urban Debate League’s students working together last year With everything going on at the moment, I think it’s more important than ever to shine a light on some of the positive things going on in our community. Therefore, I wanted to take a moment and acknowledge the amazing efforts of [...]
(L – R) Some of The Carolina team, including Eric Calabrese, Mark Trashaj, Jeannine Britt and Josh Elkin We shared a story on our website last week about Jeannine Britt – one of our local hires from Essex Crossing. Through our partnership with the Lower East Side Employment Network (LESEN), Jeannine is now a full-time [...]
Planning students Eboni Senai Hawkins and Sean Dajour Smith are the Weitzman School's first Moelis Scholars The University of Pennsylvania kicked off the inaugural Moelis Scholars Program earlier this year. The program aims to support African American and Latinx students who are thinking about pursuing careers in housing, community and economic development. UPenn, [...]
The roof deck at The Essex The architecture critic of The New York Times Michael Kimmelman published an extensive review of Essex Crossing this week. The article is a stunning reminder that the Essex Crossing we envisioned is coming to fruition. It seems like Essex Crossing has reached milestone after milestone over the [...]
This week I met the third cohort of the Ron Moelis Social Entrepreneurship Fellowship at a networking breakfast at John Jay College. The Fellowship, which was established in 2017, aims to connect John Jay students with the most socially responsible, innovative companies in New York City as well as a wider community of practice. The [...]
Georgia King Village (L) and the recently opened Walker House (R) As many cities grapple with attracting investment not just in downtowns but also their surrounding neighborhoods, L+M’s work in Newark, N.J shows how a public-private model can do both at once. The L+M team worked closely with the City to nurture a [...]
Together with the leadership of School District 1 Community Schools, Delancey Street Associates (DSA) crafted the City Seekers program. The program engaged local schools and encouraged some of their students to discover their own neighborhood in Lower Manhattan. DSA, a joint venture of L+M Development Partners, Taconic Investment Partners, BFC Partners, the Prusik Group and [...]
Yesterday I joined the Lower East Side community, market vendors and representatives from the City to celebrate the official opening of the Essex Market. The market, located on the ground floor of The Essex, is now part of Essex Crossing – an unprecedented development spanning nine sites and over 1.9 million square feet. The Essex [...]