At a recent event at NYU’s Furman Center, panelists talked about the trends and current challenges in affordable housing in New York City. The pervasive theme among attendees—an assortment of developers, housing advocates, Furman Center researchers and city employees—was that the challenge is institutional and the need for more affordable housing is officially urgent. [...]
We are so thrilled to welcome home our first Essex Crossing residents at Site 6, a 100% affordable senior building, and the first building to open at the Seward Park Urban Renewal Area (SPURA) on the Lower East Side of Manhattan. The first residents to have moved into the building at Site 6 (located at [...]
On Wednesday, May 31st, 35 employees of L+M joined me and 15,000 runners for this year’s JP Morgan Chase Corporate Challenge in New York City’s Central Park. The 5K race, open to companies of any size, brings colleagues together to run as a team. The event is billed as a “global celebration of corporate teamwork, [...]
This past spring, the sixth annual MBA Impact Investing Network Training (MIINT) competition was held in Philadelphia. I’m a firm believer in the importance of social impact investing, and I’m proud to be one of the sponsors of the competition. The MIINT competition, also co-sponsored by University of Pennsylvania’s Wharton School of Business as well as the Bridges [...]
On Monday, April 3rd, L+M Development Partners along with partners, IMPACCT Brooklyn and Dunn Development, were awarded the Excellence in Housing Award at the 2017 Urban Land Institute (ULI) New York Annual Awards for Excellence in Development. Located in the Fort Greene/Wallabout area of Brooklyn directly across from the historic Brooklyn Navy Yard, [...]
As a developer of affordable housing, I see the positive impact of affordable housing and its lasting effects on the communities within which we work; affordable development has economic benefits that go beyond the scope of housing, particularly in terms of employment. Earlier this year, the New York State Association for Affordable Housing (NYSAFAH) released [...]
On February 8th, I was really excited to be joined by my good friend and John Jay College President Jeremy Travis, as we announced the creation of the Ron Moelis Social Innovation Fellowship. The Fellowship, to begin Fall 2017, is part of a mission that’s important to me: helping students pursue socially responsible business opportunities. [...]
L+M Development is best known for its work building affordable housing in New York, but what some might not realize is that we are also active across Northern New Jersey, and recently completed a very exciting project to help revitalize downtown Newark. Last month, we officially reopened the Hahne’s building in Newark, the former home [...]
Nothing underscores the vulnerability and limited capacity of New York City's electric grid quite like extreme weather. In October 2012, as hurricane Sandy barreled down on the greater New York metro area, millions of homes lost power. In New York City, more than 700,000 residents had no electricity, while in New Jersey and Pennsylvania over three million people lost power. [...]
The rezoning of certain neighborhoods to accommodate new development has many New Yorkers worried about being displaced from their communities. This is a very real concern; but unfortunately, the conversation about gentrification and displacement tends to be reductive and does little to enhance the public discourse. In light of the severity of our housing crisis, “gentrification” has [...]
