Josue Sanchez, one of L+M’s Senior Directors, was recently recognized by News12 for National Hispanic Heritage Month. Josue currently oversees the Bronx Point project, an approximately 530,000 SF transformative mixed-use development in the South Bronx. When complete, the development will bring affordable housing, educational community and retail spaces, new open space along the Harlem River [...]
The New York Times just published an article about Rental Assistance Demonstration (RAD) called "A Rebirth in the Bronx: Is This How to Save Public Housing?", which focuses on L+M's Baychester Houses project. Together with Camber Property Group and MDB Community Housing Corporation, we partnered with NYCHA to renovate Baychester using the RAD program to create a much-improved [...]
Work on Sendero Verde in Harlem is Underway The Real Deal published a story in its January edition about the complexity urban, suburban and rural communities face when delivering affordable housing, including the some of the downsides of community preferences. In New York City in particular, there are a myriad of challenges, one [...]
A rendering of Bronx Point You may have seen a story in last week's Wall Street Journal announcing an agreement between L+M and Laborers’ Local 79. The agreement will set an important precedent for the future of progressive affordable housing development, union job creation and local hiring in New York City. Local hiring has long been an [...]
I was honored to receive the ULI NY's 2020 Visionary Leader in Land Use Award earlier this month, which is a lifetime achievement award recognizing leaders within New York’s real estate community. I am so proud of the work our company does, and I would like to thank my business partner Sandy Loewentheil, who founded L+M with [...]
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 – 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 [...]
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 [...]
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 [...]
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. [...]