Via New York Magazine Earlier this week Tap into Newark ranked The New Jersey Bell building (recently renamed Walker House) and 155 Washington Street as two of the top five projects to watch in Newark in 2019. The article highlights the flurry of development in the area, with a focus on Downtown Newark. [...]
Recently The Today Show featured a story about Steven Pacheco, one of the inaugural Moelis Social Entrepreneurship Fellows. Steven is a member of the team that won the 2018 Echoing Green’s The Future of Work Social Innovation Challenge for their app, CONNECTr. The team designed the app, which I’ve mentioned on this blog before, to [...]
Joseph Mahmud and Steven Pacheco present CONNECTr, an app to assist formerly incarcerated with employers, at John Jay College in New York City. Last year on this blog I mentioned that I’ve partnered with John Jay College to create the Ron Moelis Social Innovation Fellowship. The Fellowship is meant to support students who [...]
Earlier this month, leaders from across the construction industry gathered to celebrate women in construction, including two of our own from L+M. I’d like to congratulate Bernadette Amarosa and Amy Cordone, winners at this year’s Outstanding and Next Generation of Women Builders Annual Awards. The annual awards recognize exceptional women in the construction industry [...]
Earlier this year, I shared the news of the first building at Essex Crossing nearing completion. Now, residents have moved in. Read more about the new residents of Frances Goldin—A Homecoming 50 Years in the Making, New York Times The building, named for local activist Frances Goldin, is a 100% affordable [...]
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 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 [...]
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 [...]
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 [...]
