L+M Development


4511 Third Avenue

Ground Broken for Two-Building, 314-Affordable-Unit Mixed-Use Project at 4511 Third Avenue, Belmont

Over the summer, YIMBY revealed a rendering of the 11-story, 181-affordable-unit mixed-use building planned at 4511 Third Avenue, in the Belmont section of the Bronx. Details for separate 12-story, 133-affordable-unit mixed-use project down the street at 4439 Third Avenue were also included. The developers, SBS Health System, L+M Development Partners, and Hornig Capital Partners, have recently broken ground on the project. The new buildings will measure 294,207 square feet and 145,952 square feet, respectively.

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115 Delancey Street

Foundation Work Complete for Essex Crossing’s 25-Story, 195-Unit Mixed-Use Tower, 115 Delancey Street, Lower East Side

Foundation work appears to be complete for the 25-story, 195-unit mixed-use building being developed as part of the Essex Crossing mega-development, at 115 Delancey Street, on the Lower East Side. A tower crane was also installed at the site, the Lo-Down reported, which means vertical growth is imminent. The latest building permits indicate the structure will encompass 498,688 square feet and stand 285 feet above street level. The building will have 139,493 square feet of commercial-retail space – in addition to bel0w-grade space that isn’t counted in documents — spread across the cellar through fourth floors. The cellar level, the ground floor, and mezzanine levels will contain retailers, including the new home of the Essex Street Market. This portion will form a third of the Market-Line, a bi-level, 150,000-square-foot retail complex that will connect below-grade to two other buildings in the Essex Crossing development.

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33 Eagle Street

Construction Complete on Seven-Story, 98-Unit Affordable Residential Building at 33 Eagle Street, Greenpoint

Yesterday, YIMBY brought you an update on the completed 93-unit affordable residential building at 21 Commercial Street, in Greenpoint, built as part of the 10-building Greenpoint Landing mega-development. Another piece of Greenpoint Landing, at 33 Eagle Street, can also be declared as complete, thanks to a photo posted to the YIMBY Forums. There, a seven-story, 98-unit mixed-use structure sits measuring 96,446 square feet. It includes 1,514 square feet of ground-floor retail space and contains 97 affordable residential units (and one unit for the superintendent), which range from studios to two-bedrooms and average 885 square feet apiece. Amenities include a fitness center, laundry facilities, storage for 49 bikes, and a courtyard. Park Tower Group and L+M Development Partners are the developers, and Handel Architects is behind the design. Occupancy is probably imminent.


21 Commercial Street

Construction Complete on Six-Story, 93-Unit Affordable Residential Project at 21 Commercial Street, Greenpoint

Construction has been completed on the six-story, 93-unit mixed-use building at 21 Commercial Street, in northern Greenpoint. The update is possible thanks to photos posted to the YIMBY Forums. The latest building permits indicate the project, officially dubbed 7 Bell Slip, encompasses 88,706 square feet. It will include 2,557 square feet of ground-floor retail space, followed by residential units on the floors above, 92 of which will rent at below-market-rates through the affordable housing lottery. The apartments will range from studios to two-bedrooms and should average 887 square feet apiece. Amenities include laundry facilities, storage for 47 bikes, and a fitness center. The project is being built as part of the 10-building, 5,500-unit mixed-use mega-development Greenpoint Landing. Park Tower Group and L+M Development Partners developed 21 Commercial Street, and Handel Architects designed it.


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