L+M Development Partners and Prudential Financial have teamed up to complete a sweeping renovation of Zion Towers, an affordable housing block in Newark, New Jersey. In a recent announcement, the two firms also revealed a successfully brokered deal with the New Jersey Department of Community Affairs to extend the property’s Section 8 contract for an additional 11 years to facilitate necessary financing to begin capital improvements within.
Construction has topped out at 41 Blue Slip, the second building to rise in the Greenpoint Landing master plan. The reinforced concrete structure now stands 40 stories above the waterfront development. Handel Architects is the designer while Park Tower Group and Brookfield Property Partners are its developers. L+M Development Partners is the third developer of the mega project, but was not involved with this building. The project stands to the south of 37 Blue Slip, the first building to be erected at the Greenpoint, Brooklyn construction site. The glass and metal façade is steadily rising on all sides.
Leasing has launched for Walker House’s rental properties at 540 Broad Street in downtown Newark, New Jersey. Developed in collaboration by L+M Development Partners, Prudential Financial, and Goldman Sachs Urban Investment Group, the landmarked 1929 Art Deco building was renovated to create 211 apartments and a full suite of residential amenities. The 20-story structure’s conversion was overseen by Inglese Architecture & Engineering and CetraRuddy, and will include a fitness center and yoga studio, a library lounge, a private catering kitchen and dining room, a game room, storage areas, and a crowning rooftop terrace with outdoor cooking areas.
Permits have been filed for a 23-story tower at 575 Exterior Street in Concourse Village, The Bronx. Bordering the Harlem River, the lot, also known as 65 East 149th Street, is located on the corner of Exterior Street and East 149th Street. Four blocks west is the 149 Street – Grand Concourse subway station, serviced by the 2,4, and 5 trains. David Dishy of L+M Development Partners is listed as the owner behind the applications.
Permits have been filed for a 15-story mixed-use building at 40 East 112th Street in Harlem, Manhattan. Located between Madison Avenue and Park Avenue, the vacant lot is two blocks east of the 110th Street Station – Central Park North subway station, serviced by the 2 and 3 trains. It is also two blocks west of the 110th Street subway station on Lexington Avenue, serviced by the 4 and 6 trains. David Dishy of L+M Development Partners is listed as the owner behind the applications.