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L+M recently formalized its company values, and we asked our staff to share some of their stories that they feel exemplify our company values. This submission, the last in a series of six, came from someone on our Retail team, and we think it’s an excellent example of one of our key values: Dedication. The Retail team is a dedicated unit that cares passionately about our tenants, and we will go the extra mile whenever needed. More importantly, our team has worked together throughout the pandemic and committed countless hours to assist our retail tenants. Nowhere is this more evident than working with our commercial tenants to try to help them keep their doors open and lights on during this time so they can provide the much-needed goods and services to the communities we serve. Read more about how the Retail team supported our retailers.
Winchester Works has signed a 10-year lease with life sciences firm Quantum-Si. Their new headquarters will occupy 65,000 square feet of office, research and development space. The company plans to relocate to the New Haven campus within the first half of 2022 from Guilford, Connecticut. Quantum-Si is the second life sciences firm to come on board, with Halda Therapeutics as the first. This is exciting news as Winchester Works continues to position itself as a major hub for biotech companies. #WinchesterWorks #NewHaven #Conneticut #LifeSciences #LMDevelopmentPartners
The lottery for Sendero Verde Phase One is now open with more than 300 apartments available to New Yorkers! Qualifying residents can apply for the affordable studio – through three-bedroom units until February 25, 2022. When complete, this East Harlem development will be the world's largest affordable Passive House project and offer outstanding amenities, such as community space, retail, outdoor gardens, rooftop terrace, on-site social services, and a school. Link in bio for details. #SederoVerde #EastHarlem #AffordableHousing #LMBuildingCommunities #PassiveHouse
L+M, together with Dantes Partners, Douglaston Development, and SMJ Development have closed on a $430 Million preservation partnership with New York City Housing Authority (NYCHA). The project will include a full-scale rehab for 1,922 apartments at Linden and Penn-Wortman Houses in East New York, including new kitchens and bathrooms, upgrades to the common areas, elevators, roofs, mechanical systems, security, landscaping, playgrounds, and more. The partnership is undertaking the project through NYCHA’s Permanent Affordability Commitment Together (PACT) initiative, which utilizes the federal Rental Assistance Demonstration (RAD) program to unlock funding for repairs while ensuring developments remain permanently affordable. #StanleyAvenuePreservation #Brooklyn #NYCHousing #StrengtheningCommunities
L+M, Bluestone Organization and Triangle Equities have closed on the first phase of Arverne East, a transformative project that will revitalize a vacant 116-acre oceanfront site on Queens' Rockaway Peninsula. The project’s first phase, a 35-acre nature preserve between Beach 44th Street and Beach 56th Place, is designed to restore and promote native ecology. It will include a new building featuring a welcome center, park ranger office, comfort station, and a community center that will be owned and operated by the non-profit RISE Rockaway. In addition, The Campaign Against Hunger will expand its urban farming production on the site directly to the east of the building with an approximately 1.5-acre farm. The overall Arverne East development will include 1,650 units of housing serving low-income to middle-income individuals and families, a set aside for formerly homeless and market-rate townhouses and bungalows. It will also include retail, a hotel, community center and outdoor public spaces. Upon completion, Arverne East will be New York City’s first net-zero community.
“Growing up, I was taught to respect the school janitor as much as the CEO. You must give respect - no matter what race, color, religion, wealth status - if you want to be treated with respect. When I think about the respect we should have for one another as people, I think about how our community came together after the fire at one of our properties a few months ago. Thankfully there were no injuries or casualties to report; however, there was a real sense of sadness seeing 20 families displaced from their homes due to the damage caused by the fire in one of the units. Some of the displaced residents went to stay with family members, some of them found shelter with assistance from the Red Cross, but many of the families lost everything they possessed. As sad as this was to see, the events that transpired afterwards really showed me the respect my colleagues have for our residents. It was incredible to see how my fellow property manager coworkers came together to secure shelter for the displaced residents and provide living essentials.
Thank you to our guest speakers Wayne Shammel (Attorney of the Flathead Tribe), Sharon Vogel (Executive Director of the Cheyenne River Housing Authority), and Dave Heisterkamp (Attorney and Partner at Wagenlander & Heisterkamp), who led our team in an insightful conversation last month about Native American lands in honor of Native American Heritage Month. They shared powerful and insightful cultural history, highlighted contemporary laws related to Native communities, and detailed a unique case study, all of which were valuable to our team. #DEI #NativeAmericanHeritageMonth #CourageousConversations #CulturalAwareness #BeyondHousing #LMDevelopmentPartners #Culture
We are seeking interns to join our Affordable Real Estate Development Team this summer (2022). If you have an understanding of real estate finance and are interested in working on new construction LIHTC projects in NYC, please email DevelopmentInterns@lmdevpartners.com. To learn more, please visit: https://lmdevpartners.com/position/development-intern-summer-paid-in-person/ #development #realestate #internship #summerinternships #AffordableHousing #CRE #nextgeneration #careers #recruitment #students #BeyondHousing
Volunteers from L+M and Bluestone Organization, our Arverne East development partner, joined community members and youth from FRANC to eliminate litter and debris from around the perimeter of the future nature preserve in Arverne East. The event, organized in collaboration with our community partner and grantee Rise Rockaway, also provided an opportunity for our Community Affairs team to have face time with community members and inform them of the project’s progress. #ArverneEast #Rockaway #LMImpact #CommunityInvestment #LMStrongerCommunities #LMBuildingCommunities #LMDevelopmentPartners
L+M recently formalized its company values, and we asked our staff to share some of their stories that they feel exemplify our company values. This submission, fourth in a series of six, came from Andrea Pilat on our Builders Preconstruction team, and we think it’s an excellent example of one of our key values: Quality. Norman Towers is a preservation project in East Orange, NJ, seeking to improve the quality of life for more than 400 senior residents through renovations to the building and improvements to the property amenities. Our team has upgraded the residential units and corridors by replacing the flooring, paint, cabinetry, and appliances throughout all 16 floors of the building. Read more here: https://bit.ly/3HaAsdb
