L+M Development Partners

affordable housing, Bronx, Major Developments, New Developments

Rendering of Bronx Point courtesy of S9 Architecture

A new rendering of Bronx Point, a mixed-use development planned for the South Bronx waterfront, has been unveiled, providing a closer look at L+M Development Partner and Type A Projects’ plan to bring over 1,000 units of housing, a food hall and the country’s first brick-and-mortar museum designated to Hip-Hop to the neighborhood. As YIMBY reported, the housing will be delivered in two phases, with the first bringing 600 units of permanent affordable public housing by 2022. The second phase is expected to wrap up about three years after the first. Designed by S9 Architecture, the complex will include a new waterfront esplanade, state-of-the-art multiplex theater, flashy outdoor performance area and educational spaces.

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Chinatown, Lower East Side, Policy

247 cherry street

Rendering of 247 Cherry Street via SHoP Architects

In an effort to slow construction of three residential towers in the Two Bridges neighborhood, City Council Member Margaret Chin and Manhattan Borough President Gale Brewer will submit an application to the Department of City Planning that forces the plan to go through the city’s land use review process. Developments at the waterfront site include a 1,000+ foot tower from JDS Development Group, a 1.1 million-square-foot development from L+M Development and CIM Group, and a 724-foot rental building from Starrett Development. According to Politico, the Manhattan pols hope the review process will encourage public scrutiny of the projects, including a demand for shorter structures.

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affordable housing, Bronx, New Developments

Rendering via S9 Architecture

A vacant waterfront site in the booming South Bronx will give way to an enormous affordable housing complex with 1,045 residential units, a home for the much-hyped Universal Hip-Hop Museum, a waterfront esplanade and outdoor performance space, a multiplex theater, and, of course, a food hall, in this case curated by Anna Castellani of Brooklyn’s wildly popular Dekalb Market Hall. The Real Deal reports that L+M Development Partners won the bid for the $200 million project, dubbed Bronx Point, which is located adjacent to Mill Pond Park and the 145th Street Bridge that runs into Manhattan.

More details ahead

affordable housing, Green Design, Harlem, New Developments

Sendero Verde, Handel Architects, L+M Development, East Harlem affordable housing, passive house NYC

Renderings via Handel Architects

Despite Mayor de Blasio’s success meeting his affordable housing goals, East Harlem has fallen behind. As 6sqft recently reported, out of the 21,963 new units added in 2016,  just 249 were built in East Harlem, prompting the city to expedite the construction of 2,400 affordable units there over the next few years. A large chunk of this will come from Sendero Verde, a massive, mixed-use development that will bring 655 affordable rentals to the block bound by East 111th and 112th Streets and Park and Madison Avenues. Back in February, Jonathan Rose Companies and L+M Development Partners released a rendering from Handel Architects of the 751,000-square-foot project, but now CityRealty has uncovered an entire batch of drawings from the firm that detail how it will be the country’s largest passive house project and weave together the residences, a school, supermarket, and four community gardens, all surrounding a multi-layered courtyard.

More looks and details ahead

affordable housing, Harlem, New Developments

Sendero Verde development, affordable housing, East Harlem

A massive, mixed-use development is moving ahead in East Harlem, reports Politico, as the city has selected Jonathan Rose Companies to work with L+M Development Partners on the 751,000-square-foot project. Dubbed Sendero Verde (“green pathway”), the site is located on the block bound by East 111th and 112th Streets and Park and Madison Avenues, and it will create 655 affordable passive house apartments, as well as a YMCA, job training center, 85,000-square-foot DREAM charter school, space for the local non-profit Union Settlement, a grocery store, restaurant, and preventative health care facility run by Mount Sinai.

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Architecture, condos, Financial District, New Developments

Over the summer, L+M Development Partners demolished the former Financial District flagship of J&R Music and Computer World to make way for a 54-story, mixed-use condo tower at 25 Park Row, just across from City Hall Park in an area quickly becoming a more vibrant, 24-hour neighborhood. Site excavation is now well underway for the 700-foot building, reports CityRealty, who also uncovered several new renderings and zoning diagrams of the COOKFOX-designed project that show its slab-shaped body made of masonry and glass, mid-level terraces, Art Deco crown, and elegant residential base.

MORE ON THE PROJECT HERE…

Apartment Deals, Lower East Side

Lower East Side, Two Bridges, L+M, downtown rentals

The Two Bridges waterfront is one of the last bastions of affordability in lower Manhattan, but lately it seems word is getting out about its scenic waterfront locale that overlooks the rejuvenated East River shoreline and turn-of-the-century suspension bridges. Recently, two of the city’s top high-end builders, Extell and JDS Development have penned soaring towers for the down-to-earth corner of the Lower East Side. Adjacent to those developments, sits the rental building 275 South Street, which is currently undergoing a dramatic overhaul that will renovate its exterior, makeover many of its capacious apartments, and debut a brand-new package of amenities.

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