L+M Development


275 South Street

Renovation Planned at 19-Story, 256-Unit Mixed-Income Residential Building at 275 South Street, Lower East Side

In 2015, L+M Development Partners and Nelson Management Group acquired the 19-story, 260-unit mixed-income residential building, called Lands End I, located at 257-275 South Street, on the Lower East Side, for an undisclosed amount. Now, renderings of the building’s planned renovation have been revealed by Curbed NY. The 236,065-square-foot building is expected to host 256 rental apartments after the renovation, which will include the construction of a roof deck, a fitness center, a community lounge, and a laundry. There will also be 24-hour doorman service, and amenities will be available to all of the building’s residents. Units will come in studio, one-, two-, and three-bedroom configurations. Half of the apartments, which are currently partially subsidized, will continue to rent at below-market rates. ORE Design + Technology is designing. Construction is expected to be complete in early 2017.


175 Delancey Street

Construction Underway at 14-Story, 100-Unit Mixed-Use Building at 175 Delancey Street, Essex Crossing, Lower East Side

In January, news broke that New York University’s Langone Medical Center signed a lease for 55,000 square feet on three floors of the planned 14-story, 100-unit mixed-use project at 175 Delancey Street – Site 6 of the Essex Crossing mega-development – located on the Lower East Side. Now, construction is ongoing on the ground-floor of the building, The Lo-Down reports. This portion of the development will measure 177,950 square feet and will feature 100 senior housing units. In addition to the medical center, the project’s four-story base will include 6,000 square feet of retail, a 13,000-square-foot senior center with a coffee shop, a 24,000-square-foot education facility, and a 4,000-square-foot outdoor garden. Dattner Architects is behind the design, and Delancy Street Associates (L+M Development Partners, Taconic Investment Partners, and BFC Partners) is developing. Completion is expected in 2017.




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