L+M Development Partners | The Real Deal New York

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L+M Development Partners

1865 Palmer Avenue, Suite 203
Larchmont, NY 10538
(914) 833-3000
Website

L+M Development Partners is a real estate development firm focused on affordable housing. CEO Ron Moelis, who founded the firm in 1984, once characterized L+M's mission as no home runs, no strikeouts. To that end it has eschewed overly risky projects, but it hasn't shied away from typically low-profitability ventures, such as affordable housing, which it got into officially in 1998. L+M was one of the first developers to integrate federal low-income housing tax credits with the city's Vacant Building Program. Since then, L+M has converted former a Navy prison into a Brooklyn affordable housing project and helped to transform Seward Park. In late 2014, it bought a 50 percent stake in almost 1,000 apartments in New York City's public housing projects, with plans to reinvest $100 million in renovations. L+M has grown since the 1980s into an employee-owned firm of roughly 250 staffers, among them a handful of social workers and a community relations specialist. It has business in New Orleans and San Francisco in addition to New York City.


06/17/18
Developers who managed six public housing buildings put residents’ fears to rest about how private management would treat them, according to a report to be...

06/14/18
The Manhattan condo market is starting to feel like the beauty counter in a fancy department store — with everyone from perfume spritzers to makeup...

06/12/18
The Parks Department is alright with managing the green space in Greenpoint Landing, just as long as this doesn’t include mowing the lawn. Greenpoint Landing...

06/06/18
Jonathan Rose Companies and L+M Development Partners are planning a 384-unit mixed-use building in East Harlem, part of their even larger Sendero Verde complex. The building will be...

06/05/18
UPDATED: Tues., June 5 @ 3:00 p.m.: Brookfield Property Partners bought into two Park Tower Group development sites at Greenpoint Landing, records filed with the...

The Manhattan condo market is starting to feel like the beauty counter in a fancy department store — with everyone from perfume spritzers to makeup...

06/01/18
New York City’s major real estate lenders have headed west, where builders with completed and under-construction projects alike are scoring 10-figure sums. In April, there...

05/24/18
“Subject: Let’s minimize press activity at REBNY” The email came from a City Hall spokesperson in January 2014, as Mayor Bill de Blasio’s handlers prepped...

05/17/18
When Bronx Borough President Ruben Diaz Jr. released his annual development report for the borough this week, the top four projects were massive affordable housing...

04/25/18
Madison International Realty has picked up a stake in an East Village property owned by L+M Development Partners, in a deal that values the rental...

04/18/18
L+M Development and Omni New York have teamed up to propose a $2.2 billion, 2,000-unit housing complex for the South Bronx waterfront. The project, dubbed...

03/22/18
About a year ago, Taylor Swift’s security team knocked on the door of Steven Schnall’s Tribeca home with an unusual request. Swift, who lives in...

03/18/18
Up for a DIY project or two? New York has 176,000 units of public housing that need repairs to the tune of an estimated $25...

03/15/18
Seattle leads US crane count, as Western states dominate construction activity, survey says There were a record number of construction cranes working in America in...

03/14/18
The $1.5 billion mixed-use Essex Crossing megaproject rising on the Lower East Side has yet to roll out much of its residential, retail and office...

About a year ago, Taylor Swift’s security team knocked on the door ...

02/22/18
Mack-Cali Realty Corporation has added to its Jersey City holdings with a $53 million purchase of a development site. The company purchased Jersey City’s 25...

02/14/18
 As a scion of the Rose real estate dynasty, it seemed developer Jonathan Rose was destined to one day help lead his family’s firm. “As...

02/07/18
Ron Moelis’ L+M Development Partners closed on a 100-unit affordable housing deal in East Harlem. The real estate investment firm and its partner, Settlement Housing...

01/30/18
L+M Development Partners dished out $43 million for Dunwell Apartments, a 183-unit Section 8 apartment complex in Hamilton Heights, the developer told The Real Deal....

01/29/18
The Lower East Side’s development boom continues. Nonprofit Grand Street Guild plans to build a pair of 15-story apartment buildings on Broome Street. The towers...

01/26/18
On the surface, Gamma Real Estate’s proposed luxury condominium tower in Sutton Place and Gregg Singer’s plan to redevelop a long-shuttered public school in the...

01/24/18
An East Harlem housing nonprofit said on Wednesday that it has partnered with three equity investors to retain 135 units of affordable housing at the...

01/18/18
In the latest step to rein in large-scale development on the Lower East Side’s waterfront, two city officials are trying to force certain projects to...

01/17/18
Alan Bell has spent most of his five-decade career in New York City real estate focused on two simple questions: what are the city’s most...
L+M Development Partners, President of Construction/Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
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L+M Development Partners, President, Development & Acquisition/Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
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L+M Development Partners, Chief Financial Officer/Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
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L+M Development Partners, Chief Operating Officer/Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
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L+M Development Partners, Vice Chairman/Senior Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
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L+M Development Partners, Vice Chairman/Senior Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
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L+M Development Partners, Chairman and Founding Partner
419 Park Avenue South, Floor 18, New York, NY, 212.233.0495
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L+M Development Partners, Founder and CEO
1865 Palmer Avenue, Suite 203, NY, NY, 914-833-3000
Ron Moelis He began his career in the 1980s flipping individual apartments during...
  • Event Retail Leasing
  • Address 7 Bell Slip
  • Neighborhood Greenpoint
  • Borough Brooklyn
  • Square feet 1,050
notes
The artisanal ice cream shop signed a lease.
  • Event Sales
  • Address 12-22 West 109th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 143,101
  • Price $ 48,600,000
notes
The preservation fund bought a 90% equity stake in five multifamily properties for $48.6 million.
  • Event Financing
  • Address 825 Boynton Avenue
  • Neighborhood Soundview
  • Borough Bronx
  • Square feet 115,712
  • Price $ 80,800,000
notes
The company secured a $81 million construction loan for Lafayette Boton multifamily complex.
  • Event Financing
  • Address 875- 825 Boynton Avenue|820- 880 Colgate Avenue
  • Neighborhood Soundview
  • Borough Bronx
  • Square feet 1,070,000
  • Price $ 89,500,000
  • Price per foot $ 83.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Global One Investments, L+M Development Partners
  • Party 2 Citi Community Capital
notes
The company refinanced a $89.5 loan.
  • Event Sales
  • Address 45 West 139th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 315,000,000
notes
The multifamily residential building portfolio sold for $315 million.
  • Event Sales
  • Address 342 East 8th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Square feet 90,000
  • Price $ 44,000,000
  • Price per foot $ 488.89
notes
The multifamily residential building sold for $44 million.
  • Event Sales
  • Address 310 Lenox Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 24,600
  • Price $ 21,000,000
  • Price per foot $ 853.66
notes
The office building sold for $21 million.
  • Event Sales
  • Address 1955 First Avenue
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 103,000,000
notes
The 232-unit mulitfamily building sold for $103 million.
  • Event Residential Sales
  • Building Name 23 West 116th Street
  • Address Unit 12A, 23 West 116th Street
  • Unit 12A
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 1,534
  • Price $ 2,341,975
  • Price per foot $ 1,526.71
  • Publication Date 12/09/2015
  • Event Date 12/01/2015
  • Party 1 L+M Development Partners
  • Party 1 Entity West 116 Owners LLC
  • Party 2 Aruego, Juan Dewey; Mcgill, Erin Anne
  • Event Residential Sales
  • Building Name 23 West 116th Street
  • Address Unit 11D, 23 West 116th Street
  • Unit 11D
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 1,847
  • Price $ 2,749,275
  • Price per foot $ 1,488.51
  • Event Sales
  • Building Name 257-271 South Street
  • Address 271 South Street
  • Neighborhood Chinatown
  • Borough Manhattan
  • Square feet 236,065
  • Price $ 115,000,000
  • Price per foot $ 487.15
  • Event Retail Leasing
  • Address 115 Delancey Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 65,000
notes
The cinema signed a 15-year lease.
  • Event Financing
  • Address 1428 Fifth Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
notes
A $27.7 million construction loan was provided for the rehabilitation of the affordable housing complex. The project will provided new facilities and upgrades for the Section 8 rental building, including a new roof, new EnergyStar appliances and a new building-wide ventilation system. 120-unit apartment building.
Manhattan, 10039
L&M DEVELOPMENT PARTNERS, WEST 147TH ASSOCIATES, LLC
The sponsor(s) filed plans on 06/23/08 for a condo project at 220 West...
Manhattan, 10026
L+M Development Partners, 1400 5TH LLC
...
Manhattan, 10026
Lm Development Partners | Full Spectrum Of Ny, FSLM ASSOCIATES, LLC
The sponsor(s) filed plans on 02/08/06 for a condo project at 40 West...
Brooklyn, 11222
L+M DEVELOPMENT PARTNERS, GREENPOINT LANDING ASSOC LLC
33 Eagle Street is an 88,254 square foot building in the Greenpoint neighborhood...
Manhattan, 10037
ECDO CITYWIDE PRESERV
...
Bronx, 10459
ECDO CITYWIDE PRESERV
...
Brooklyn, 11221
IMPACCT HOUSING DEVEL
...
Brooklyn, 11216
IMPACCT HOUSING DEVEL
...
Brooklyn, 11216
IMPACCT HOUSING DEVEL
...
Manhattan, 10037
CITYWIDE PRESERVATION
...
Brooklyn, 11206
IMPACCT HOUSING DEVEL
...
Brooklyn, 11206
IMPACCT HOUSING DEVEL
...
Brooklyn, 11221
IMPACCT HOUSING DEVEL
...
Brooklyn, 11221
IMPACCT HOUSING DEVEL
...
Manhattan, 10037
CITYWIDE PRESERVATION
...
Bronx, 10473
HP SOUNDVIEW FAMILY H
401 Bronx River Avenue is a 132,085 square foot building built in 2014...
Brooklyn, 11212
CITYWIDE PRESERVATION
...
Brooklyn, 11212
CITYWIDE PRESERVATION
...
Brooklyn, 11216
IMPACCT HOUSING DEVEL
...
Brooklyn, 11212
CITYWIDE PRESERVATION
...
Brooklyn, 11216
IMPACCT HOUSING DEVEL
...
Brooklyn, 11238
IMPACCT HOUSING DEVEL
...
Manhattan, 10037
CITYWIDE PRESERVATION
...
Brooklyn, 11238
IMPACCT HOUSING DEVEL
...
Manhattan, 10039
SITE AFFORDABLE ASSOC
...
Manhattan, 10039
SITE 15 AFFORDABLE AS
...
Manhattan, 10039
SITE 15 AFFORDABLE AS
...
Brooklyn, 11216
IMPACCT HOUSING DEVEL
...
Brooklyn, 11233
IMPACCT HOUSING DEVEL
...
Brooklyn, 11233
CITYWIDE PRESERVATION
...
Brooklyn, 11233
CITYWIDE PRESERVATION
...
Brooklyn, 11233
CITYWIDE PRESERVATION
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Brooklyn, 11233
CITYWIDE PRESERVATION
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Brooklyn, 11233
CITYWIDE PRESERVATION
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Bronx, 10452
CITYWIDE PRESERVATION
...
Bronx, 10456
...
Manhattan, 10002
...
Bronx, 10456
...
Brooklyn, 11216
...
Brooklyn, 11238
...
Manhattan, 10037
HP SAVOY HOUSING DEVELOPMENT FUND COMPANY INC.
...
Manhattan, 10037
...
Manhattan, 10037
...
Manhattan, 10037
HP SAVOY HOUSING DEVELOPMENT FUND COMPANY INC.
The Savoy Park Apartments are a 1,790-unit, seven-building affordable housing complex in Harlem,...
Manhattan, 10037
...
Brooklyn, 11222
L+M Development Partners, GREENPOINT LANDING ASSOC LLC
21 Commercial Street is an 85,033 square foot building in the Greenpoint neighborhood...
Manhattan, 10040
HAP Investments, HAP INVESTMENTS, LLC.
...
Queens, 11101
L+M Development Partners, JACKSON AVENUE OWNERS LLC
...
Queens, 11691
Bluestone Organization, NYC DEPT OF HOUSING PRESERVATION
...
Queens, 11691
BLUESTONE ORGANIZATION, BGN LIHTC LLC
4505 Rockaway Beach Boulevard is a 94,870 square foot building in the Edgemere...
Manhattan, 10039
L+M Development Partners, WEST 153 OWNER LLC
260 West 153 Street is a 55,773 square foot building built in 2016...
Manhattan, 10009
L+M DEVELOPMENT PARTNERS, AVENUE D OWNERS LLC
...
Brooklyn, 11249
L+M DEVELOPMENT PARTNERS, KENT & WYTHE OWNERS LLC
149 Kent Avenue is a 144,110 square foot building in the Williamsburg neighborhood...
Manhattan, 10002
Taconic Investment Partners|L+M Development Partners, SITE 2 DSA OWNER LLC
Essex Crossing...
Manhattan, 10002
Taconic Investment Partners, SITE 5 DSA OWNER LLC
This property is a new development. The developer(s) filed plans in September of...
Manhattan, 10002
The Lower East Side is a neighborhood in lower Manhattan, bounded by Canal...

The market for big packages of multifamily buildings may have less sex appeal than the fancy condos adorning Billionaire’s Row, but the sector is going...

Over the summer, New York City crossed the three-quarters mark on the way to Mayor Michael Bloomberg's goal of churning out 165,000 units of affordable...
Manhattan, 10002
...
Brooklyn, 11222
L+M Development Partners, GREENPOINT LANDING ASSOC LLC
21 Commercial Street is an 85,033 square foot building in the Greenpoint neighborhood...
Manhattan, 10040
HAP Investments, HAP INVESTMENTS, LLC.
...
Queens, 11691
Bluestone Organization, NYC DEPT OF HOUSING PRESERVATION
...
Manhattan, 10009
L+M DEVELOPMENT PARTNERS, AVENUE D OWNERS LLC
...
Manhattan, 10002
Taconic Investment Partners|L+M Development Partners, SITE 2 DSA OWNER LLC
Essex Crossing...
Manhattan, 10002
Taconic Investment Partners, SITE 5 DSA OWNER LLC
This property is a new development. The developer(s) filed plans in September of...
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