Rendering of Kalahari, New York, NY
L+M in the Media
Click on the links below to find out what’s new at L+M Development.
New York Times Interview - CEO and Chairman Ron Moelis
By Vivian Marino, Published in the New York Times, Real Estate Section on August 6, 2010
The Wall Street Journal: Citi Community Capital Launches $100 Million New York Affordable Housing Preservation Fund with L+M Development Partners
Fund to Invest Millions in the Preservation and Creation of Thousands of Homes for Low- and Moderate- Income New Yorkers
The Wall Street Journal: By Any Name, Columbia Street District Shows Life
It still serves as the active seaport for the Red Hook Container Terminal, the nearest subway station is a couple of miles away and the community is isolated from other neighborhoods by two expressways.
The Wall Street Journal: Turning Old School Into New Condos
Only a few years ago, P.S. 90 on West 148th Street was a symbol of urban blight. The leaky shell of a school, which had trees growing out of the roof, sat in the center of a block of boarded-up tenements that the city had taken over because of unpaid taxes.
The New York Times: A Building Brings Haves and Have-Somes Together
The Kalahari condominium building drummed up a predictable mix of hope and skepticism when it rose along a scraggly stretch of West 116th Street in Harlem. At 249 units, it dwarfed its tenement neighbors. Its zigzagging brickwork, inspired by sub-Saharan tribes, was deemed compelling by fans and an aesthetic fright by detractors.
Affordable Housing Property Leads Revitalization of Brooklyn Waterfront
Novoagradc Journal of Tax Credits Palmer's Dock, an affordable housing development on Brooklyn's Greenpoint-Williamsburg
The Urban Land Institute Selects Winners Of The 2009 Jack Kemp Workforce Housing Models Of Excellence Awards
Urban Land Institute The ULI Terwilliger Center for Workforce Housing has selected The Kalahari, Casa del Maestro, Miller Ranch, and South City Lights as winners of this year's Jack Kemp Workforce Housing Models of Excellence Awards. + Read more
HPD Commission Cestero, HDC President Jahr announce L+M Development Partners to Begin Rehabilitation of a Section 8 Rental Building in Harlem
L+M Development Partners Inc. has closed on the construction funding and will begin rehabilitating 1428 Fifth Avenue, a 120-unit Section 8 rental building located on West 116th Street in Harlem
+ Read moreHUD Secretary Donovan Joins Former Residents and Elected, Housing Officials to Celebrate Groundbreaking at Former Lafitte Community
Work Begins at Former Public Housing Site As Katrina Anniversary Nears
City and State Join L+M Development Partners to Cut Ribbon on Prospect Plaza - NYC.gov
Brooklyn Borough President Marty Markowitz and New York State Housing Finance Agency (HFA) President and Chief Executive Officer Priscilla Almodovar today celebrated the completion of Prospect Plaza, a brand new 151-unit affordable housing complex in Ocean Hill-Brownsville.
Yonkers officials break ground on new affordable housing - Journal News
Officials gathered at 330 Riverdale Ave. yesterday to break ground on a $54.5 million affordable-housing complex.
Providing Quality Affordable Housing, Improving Lives - Washington University in St. Louis Magazine
More than 35 years ago, a young man from New Rochelle, New York, saw the Washington University campus for the first time and decided, “this is it.” Today, Sandy Loewentheil is working to make that experience possible for students from Harlem, the Bronx, and other disadvantaged communities. + Read more
The Next Chapter, in Harlem - The New York Times
TIME marches on. And David Birdoff was staring down mandatory retirement at his law firm. It meant big changes ahead. + Read more
Aurora Condominium Over 90% Sold
Moving trucks are a daily occurrence at 837 Washington Avenue in the Bronx, also known as the Aurora Condominium.
Goldman Sachs and L+M Development Partners Announce new Urban Investment Fund
Goldman Sachs’ Urban Investment Group (UIG) and L+M Development Partners Inc. have announced the launching of a new urban opportunity investment fund through the formation of GSLM Capital Partners LLC.
+ Read moreNewly formed GSLM closes first deal
GSLM Capital Partners said it completed financing on the proposed $55 million Columbia Hicks apartment complex in Cobble Hill, marking the first development under GSLM's recently launched urban investment fund. + Read more
Green, luxurious Kalahari condominium 75% sold
Developers of Kalahari, the luxury green condominium at 40 West 116th Street in Central Harlem that merges sustainability and style, announced today that approximately 75% of its luxury homes are sold. Set for completion early this year, the property has already gained a reputation as one of Harlem’s most coveted homes. + Read more
L+M to rebuild Brooklyn's Navy Brig site
The city of New York announces the redevelopment of the Navy Brig site in the Fort Greene / Wallabout area of Brooklyn, which will create a unique and unprecedented mixed-use community.
+ Read moreCondo culture hits the South Bronx
Affordable housing is going upscale in the South Bronx. Excavating is underway for the nine-story Orion, the area's first elevated condo building. Anticipated occupancy is this spring.
+ Read moreL+M awarded mixed-use development site in the Rockaways
Mayor Michael R. Bloomberg broke ground on a new 30,000 square foot YMCA Center at Arverne by the Sea in the Rockaways, a 117-acre mixed-use community slated to break ground this summer.
+ Read more