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.
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.
L+M Development and the owners of J&R Music are pushing forward with plans to erect a 54-story, mixed-use tower at 23 Park Row, across the street from City Hall Park in the Financial District.
Last September, L+M Development filed plans for a 12-story affordable rental building on a vacant lot next to St. Barnabas Hospital in the Belmont section of the Bronx. Now the hospital is developing a large residential project with two towers on another empty plot at 4507 Third Avenue, between 182nd and 183rd streets.
In Early 2015, YIMBY revealed renderings of L+M Development Partners’ planned seven-story, 50-unit mixed-use building at 260 West 153rd Street, in Harlem. Since then the project has wrapped up construction, according to DNAinfo. The 75,484 square-foot structure is completely clad in brick façade and its windows have been installed. There will be 14,331 square feet of community facility space on the ground and second floors, which will be occupied by a day care and offices for a local community organization. The apartments above will all rent at below market-rates. Thirty-four of them – studios, one-, and two-bedrooms – are already listed on the affordable housing lottery. Curtis + Ginsberg Architects is behind the design and occupancy is expected within the coming months.