L+M Development

80 Essex Street

Excavation Work Imminent At 80 Essex Street, Site of 24-Story, 195-Unit Mixed-Use Building On LES

At the beginning of the year, YIMBY revealed the first few buildings in the Essex Crossing development on the Lower East Side, including the 24-story, 195-unit mixed-use building planned at 115 Delancey Street/80 Essex Street. In the spring, demolition was underway to remove the old Essex Street Market building, and now excavation appears imminent, per Bowery Boogie. Handel Architects is designing, and a Regal movie theater, the Essex Street Market, and an urban farm will occupy the building’s base. Completion is expected in 2018.


150 West 225th Street

Renovations, Promenade Planned At 32-Story, 318-Unit Tower At 150 West 225th Street, Marble Hill

Nelson Management Group and L+M Development Partners are conducting a top-down renovation of the 32-story, 318-unit former affordable housing tower at 150 West 225th Street, in Manhattan’s Marble Hill. The outdoor deck abutting Spuyten Duyvil Creek will receive an extensive overhaul, featuring green space and cabanas. Dubbed The Promenade, the majority of the units are currently rent stabilized, but units are allowed to be converted into market-rate rentals if vacated, according to the Daily News. Renovations should wrap by 2016.


609 Broad Street

Mixed-Use Conversion Of Hahne’s Building At 609 Broad Street Underway, Newark

L+M Development Partners, along with a slew of other partners and investors, are currently converting the four-story, 400,000 square-foot Hahne & Co. building, located at 609 Broad Street, in downtown Newark, into a mixed-use structure. 160 residential units are being sculpted out of the upper levels, and 75,000 square feet of retail will occupy the ground floor, which includes a 30,000 square-foot Whole Foods.



242 Broome Street

Excavation Begins On 14-Story, 50-Unit Mixed-Use Building At 242 Broome Street, Lower East Side

Earlier this year, YIMBY revealed renderings for the first phase of Essex Crossing, a multi-site mixed-use project on the Lower East Side being developed by L+M Development, Taconic Investment and BFC Partners. Bowery Boogie now reports excavation has begun on the first building, located at 242 Broome Street, where a SHoP-designed 14-story, 55-unit mixed-use building is planned. Splitsville Lanes will occupy the basement, and other retail space is also expected on the ground floor.


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