Renovation work is progressing on The Heritage, a three-building residential complex at 1295 Fifth Avenue in East Harlem, Manhattan. Designed by Gruzen & Partners and originally completed in 1974, the development is currently owned by L+M Fund Management and Invesco Real Estate and consists of two identical 35-story towers and a shorter 12-story structure that collectively yield a total of 600 rental apartments. The current project involves the replacement of the buildings’ brick façades with a new exterior insulation finishing system (EIFS) provided by Sto Corp.. L+M Builders is the general contractor and King Contracting Group is in charge of façade installation for the property, which is bound by East 111th Street to the north, Tito Puente Way to the south, Madison Avenue to the east, and Fifth Avenue, Frawley Circle, and Central Park to the west.
L&M Development Partners
LMXD, an affiliate of L+M Development Partners, has revealed new photos of amenity spaces at Stella, a recently completed rental property in New Rochelle. Located at 10 Lecount Place, the property was developed in partnership by LMXD and Wilder Balter Partners, Inc. with design by Beyer Blinder Belle.
Construction is now underway in Downtown New Rochelle, where city planners aim to create a vibrant pedestrian plaza and retail corridor. Located along Anderson Street between North Avenue and LeCount Place, the one-way thoroughfare will debut as Andreson Plaza and represents roughly $4 million in public-private funding.
Construction has topped out on the first phase of Bronx Point, a 22-story mixed-use building at 575 Exterior Street in the South Bronx. Designed by S9 Architecture and developed by L+M Development Partners, Type A Projects, and BronxWorks, the structure will yield 542 permanently affordable housing units in studio to three-bedroom layouts, all reserved for households and individuals earning between 30 to 120 percent of area median income, as well as for the formerly homeless. The edifice will also feature 56,000 square feet of community facility space, 12,000 square feet of retail space, and serve as the home of the Universal Hip Hop Museum. The building is the first to debut in the $349 million, 530,000-square-foot mixed-use master plan, which will bring 1,045 apartments and a 2.8-acre public green space next to Mill Pond Park designed by Marvel Architects and Abel Bainnson Butz. The property is located on a plot bound by the 145th Street bridge to the south, Exterior Street and the elevated Major Deegan Expressway to the east, and the Harlem River to the west.
Sales are now underway for Claremont Hall, a 41-story condominium property at 100 Claremont Avenue in Morningside Heights, Manhattan. Designed by Robert A.M. Stern Architects (RAMSA) and SLCE Architects and developed in collaboration by Lendlease, Daiwa House Texas, and LMXD, an affiliate of L+M Development Partners, the building comprises 165 condominiums as well as classrooms, office space, and faculty housing for the Union Theological Seminary.