L+M Development

149 Kent Avenue

Seven-Story, 164-Unit Residential Building Tops Out At 149 Kent Avenue, Williamsburg

In late 2014, YIMBY revealed renderings of the planned seven-story, 164-unit mixed-use building at 149 Kent Avenue, in northern Williamsburg, located four blocks from the Bedford Avenue Station on the L train. The project has now topped out and much of the curtain wall is also installed, as seen in photos courtesy of Tectonic. The building will measure 220,996 square feet in total, 129,522 square feet of which will be residential space. That means rental units will average 790 square feet apiece. The ground floor will contain 14,588 square feet of retail space in total across three separate units. Completion is expected sometime later this year, with 20 percent of the units renting at below market-rates. Global Design Strategies is designing and L+M Development is the developer.


175 Delancey Street

NYU Langone Medical Center Closes Deal At Essex Crossing Location, Lower East Side

Now that construction is getting underway on two buildings within the Essex Crossing mega-development on the Lower East Side, Site 6, located at 175 Delancey Street, will probably be the next to get started. Planned is a 14-story, 100-unit mixed-use building that will measure 177,950 square feet. New York University’s Langone Medical Center announced last summer it would be taking space in the new building, and The Lo-Down now reports a 15-year lease deal has been finalized for 55,000 square feet across three floors. The four-story podium will also contain 6,000 square feet of retail space. In addition, a 13,000 square-foot senior center will take up the fourth floor and will include a coffee shop called Think Grand Cafe. There will be 24,000 square feet of space for an education facility, although a tenant has not been selected. The base will be topped by a 4,000 square-foot outdoor garden and a 100-unit apartment tower. The residential units above will be rented exclusively to seniors.


23-32 Park Row

Developer Moves Forward With Unknown Project At 23-32 Park Row, Financial District

L+M Development Partners is moving forward with an unknown development at 23-32 Park Row, in the Financial District. Last week, YIMBY forumers posted that demolition permits have been approved to take down the four-story building at 23-27 Park Row, the five-story property at 29 Park Row, and the five-story structure at 31-32 Park Row. All the buildings were formerly used as commercial-retail space and demolition can commence as soon as the structures are prepped. The property assemblage consists of a 17,855 square-foot plot with just under 150 feet of street front on Park Row. The site can accommodate 267,825 square feet in development potential as-of-right, according to our calculations, and it could sprout an office or hotel building with retail space, or a mixed-use project with residential units.


89 Avenue D

Developer Moves Forward With 12-Story, 108-Unit Mixed-Use Project At 89 Avenue D, East Village

In the beginning of 2015, YIMBY reported on filings for a 12-story, 108-unit mixed-use building at 79-89 Avenue D, in the Alphabet City section of the East Village, and now DNAinfo reports the development is moving forward. Earlier this month, Rite Aid was the final tenant to move out of the property assemblage, and within the past few days, L+M Development Partners filed demolition permits to raze the single-story retail buildings. The project will include 22 affordable residential units as well as 7,693 square feet of ground-floor retail. Also, all the residential units will be rentals and should average 821 square feet apiece. GF55 Partners is the architect of record.


21 Commercial Street, from the corner of Franklin Street

Construction Update: Greenpoint Landing

Construction is chugging along on the banks of Newtown Creek in north Brooklyn, where Greenpoint Landing will eventually span 10 acres with 5,000 apartments. YIMBY swung by the megaproject earlier this month and caught up on the progress at three affordable rental buildings: 33 Eagle Street, 21 Commercial Street, and 5 Blue Slip.

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