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.


08/15/17
A new Essex Crossing building topped the list....

07/24/17
The Taconic Investment Partners co-founders on the Meatpacking District, Essex Crossing and more....

07/21/17
Bank of the Ozarks strikes again. The Arkansas-based lender agreed to finance yet another New York City condo project, lending $90 million on Extell Development’s...

07/21/17
Dept. of Housing Preservation and Development filed plans for a 15-story mixed-use building....

07/05/17
L+M Development Partners and Tahl Propp Equities secured $126.5 million in funding for their East Harlem affordable housing development Lexington Gardens II from Wells Fargo...

06/27/17
Chef Marcus Samuelsson, founder of the Red Rooster, plans to open a new restaurant at a nearly-complete luxury residential complex in Greenpoint. Samuelsson inked a...

06/13/17
The rezoning of East Harlem could add 3,500 new apartments to the neighborhood, but some unpopular landlords could be among the biggest beneficiaries of the...

06/12/17
UPDATED, 10:31 a.m., June 13: East Harlem Housing nonprofit Nuevo El Barrio is suing in an effort to stop L+M Development Partners from buying a...

06/12/17
When New York City’s Deputy Mayor Alicia Glen worked for the investment bank Goldman Sachs, she focused on urban investments and affordable housing finance. She...

06/09/17
From the New Jersey market report: If Newark is actually finally officially revitalized — considering that news of its rebirth has been reported since roundabout...

05/01/17
Target is opening a 22,500-square-foot store at the Essex Crossing development, which will be the retailer’s first outpost on the Lower East Side. The company...

05/01/17
Roughly 6,000 people have come through a small storefront in Chinatown since the city began accepting applications in March for the affordable apartments at the...

03/23/17
Alan Bell’s B&B Urban and L+M Development Partners secured $61.8 million in funding for their Bronx supportive housing project at 2700 Jerome Avenue through city...

03/21/17
City and state officials are calling on JDS Development, Starrett Development and Two Bridges Associates (a partnership between L+M Development Partners and the CIM Group)...

03/15/17
UPDATED, March 15, 1:12 p.m.: The biggest New York City real estate project with plans filed last month was a 170-unit condominium project in Morningside...

03/01/17
Jonathan Rose Companies is about to double its portfolio with the purchase of Forest City Realty Trust’s affordable housing business. The deal is valued at...

02/28/17
There are changes afoot at the Lower East Side megadevelopment Essex Crossing, in large part because of the dormant 421a program. Site 8, which currently...

02/09/17
If you’re a newbie developer looking for financing to build in New York, fuggedaboutit. But uncertainty over a key financing program and a major tax...

02/06/17
The city has selected Jonathan Rose Companies to build a 751,000-square-foot mixed-use development in East Harlem. Tags: affordable housing, Commercial Real Estate, jonathan rose companies,...

01/30/17
L+M Development Partners’ preservation fund purchased a 90 percent stake in five Upper West Side rental buildings for $48.6 million, according to public records. The...

01/26/17
Amidst all the political maneuvering and grandstanding on 421a—or “Affordable New York” as it’s now called—it’s easy to forget about another program that is much...

12/29/16
The most prolific architects in New York City also tend to be the least visible. These are the firms that are often involved in development...

12/21/16
CIM Group, Kushner and LIVWRK this week closed on the second part of their 2016 Watchtower acquisition, buying a development site at 85 Jay Street...

12/16/16
Michael Stern was approaching the lectern when a booming voice from the back of the Gouverneur Health Center on Madison Street stopped him in his...

12/15/16
The quiet Lower East Side neighborhood, Two Bridges, is about to get a lot louder. This week, Starrett Corp. unveiled designs for a 62-story glass tower...
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
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 Manhattan Valley Development Corporation, Richard Vasquez
  • Party 2 L+M Development Partners
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
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 L+M Development Partners
  • Party 2 New York City Housing Development Corporation
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
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 BFC Partners
  • Party 2 L+M Development Partners
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
  • Publication Date 02/01/2016
  • Event Date 12/23/2015
  • Party 1 L+M Development Partners, BFC Partners, River Equities
  • Party 2 Clipper Realty
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
  • Publication Date 06/29/2015
  • Event Date 06/04/2015
  • Party 1 L+M Development Partners
  • Party 1 Entity West 116 Owners LLC
  • Party 2 Coronado, Antonio D; Coronado, Julia Lynn
  • 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
  • Publication Date 02/01/2010
  • Event Date 12/23/2009
  • Party 1 L+M Development Partners
  • Party 2 Goldman Sachs, Department of Housing Preservation, Development
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
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Manhattan, 10026
L+M Development Partners
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Manhattan, 10026
L+M Development Partners
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Brooklyn, 11222
L+M Development Partners, GREENPOINT LANDING ASSOC LLC
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Brooklyn, 11249
Toll Brothers City Living | Lm Development Partners | Rd Management, KENT AVENUE PROPERTY 1-B, LLC
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Manhattan, 10037
ECDO CITYWIDE PRESERV
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Bronx, 10459
ECDO CITYWIDE PRESERV
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Brooklyn, 11221
IMPACCT HOUSING DEVEL
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Brooklyn, 11216
IMPACCT HOUSING DEVEL
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Brooklyn, 11216
IMPACCT HOUSING DEVEL
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Manhattan, 10037
CITYWIDE PRESERVATION
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Brooklyn, 11206
IMPACCT HOUSING DEVEL
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Brooklyn, 11206
IMPACCT HOUSING DEVEL
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Brooklyn, 11221
IMPACCT HOUSING DEVEL
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Brooklyn, 11221
IMPACCT HOUSING DEVEL
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Manhattan, 10037
CITYWIDE PRESERVATION
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Bronx, 10473
HP SOUNDVIEW FAMILY H
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Brooklyn, 11212
CITYWIDE PRESERVATION
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Brooklyn, 11212
CITYWIDE PRESERVATION
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Brooklyn, 11216
IMPACCT HOUSING DEVEL
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Brooklyn, 11212
CITYWIDE PRESERVATION
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Brooklyn, 11216
IMPACCT HOUSING DEVEL
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Brooklyn, 11238
IMPACCT HOUSING DEVEL
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Manhattan, 10037
CITYWIDE PRESERVATION
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Brooklyn, 11238
IMPACCT HOUSING DEVEL
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Manhattan, 10039
SITE AFFORDABLE ASSOC
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Manhattan, 10039
SITE 15 AFFORDABLE AS
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Manhattan, 10039
SITE 15 AFFORDABLE AS
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Brooklyn, 11216
IMPACCT HOUSING DEVEL
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Brooklyn, 11233
IMPACCT HOUSING DEVEL
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Brooklyn, 11233
CITYWIDE PRESERVATION
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Brooklyn, 11233
CITYWIDE PRESERVATION
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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
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Bronx, 10456
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Manhattan, 10002
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Bronx, 10456
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Brooklyn, 11216
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Brooklyn, 11238
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Manhattan, 10037
HP SAVOY HOUSING DEVELOPMENT FUND COMPANY INC.
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Manhattan, 10037
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Manhattan, 10037
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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
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Brooklyn, 11222
L+M Development Partners, GREENPOINT LANDING ASSOC LLC
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Manhattan, 10040
HAP Investments, HAP INVESTMENTS, LLC.
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Manhattan, 10029
L+M Development Partners, WEST 116 OWNERS LLC
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Queens, 11101
L+M Management, JACKSON AVENUE OWNERS LLC
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Queens, 11691
Bluestone Organization, NYC DEPT OF HOUSING PRESERVATION
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Queens, 11691
Bluestone Organization, NYC DEPT OF HOUSING PRESERVATION
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Manhattan, 10039
L+M Development Partners, WEST 153 OWNER LLC
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Manhattan, 10009
L+M Development Partners, AVENUE D OWNERS LLC
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Brooklyn, 11249
L+M Development Partners, KENT & WYTHE OWNERS LLC
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Manhattan, 10002
Taconic Investment Partners, SITE 1 DSA OWNER LLC
Essex Crossing...
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
Essex Crossing...
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, 10039
L+M Development Partners
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Brooklyn, 11222
L+M Development Partners, GREENPOINT LANDING ASSOC LLC
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Bronx, 10473
HP SOUNDVIEW FAMILY H
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Manhattan, 10002
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Brooklyn, 11222
L+M Development Partners, GREENPOINT LANDING ASSOC LLC
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Manhattan, 10040
HAP Investments, HAP INVESTMENTS, LLC.
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Queens, 11691
Bluestone Organization, NYC DEPT OF HOUSING PRESERVATION
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Queens, 11691
Bluestone Organization, NYC DEPT OF HOUSING PRESERVATION
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Manhattan, 10009
L+M Development Partners, AVENUE D OWNERS LLC
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Manhattan, 10039
L+M Development Partners, WEST 153 OWNER LLC
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Brooklyn, 11249
L+M Development Partners, KENT & WYTHE OWNERS LLC
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Manhattan, 10002
Taconic Investment Partners|L+M Development Partners, SITE 2 DSA OWNER LLC
Essex Crossing...
Manhattan, 10002
Taconic Investment Partners, SITE 1 DSA OWNER LLC
Essex Crossing...
Manhattan, 10002
Taconic Investment Partners, SITE 5 DSA OWNER LLC
Essex Crossing...
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