News

As covered in Real Estate Weekly, the groundbreaking for the new Bronx Point development brought L+M Development Partners together with hip hop luminaries and New York City officials. The 22-story Bronx Point development will provide 542 affordable apartments, an early childhood space, outdoor science programming, and the home of the Universal Hip Hop Museum.

The groundbreaking was also covered by ABC4 News and New York YIMBY. As reported in the New York Post, the development will also support efforts to make New York City’s waterfront a more sustainably developed area.

Construction will begin this month on a $36 million senior housing complex at 811 Lexington Avenue on the site of a former parking lot in the Bedford-Stuyvesant neighborhood of Brooklyn. Developed by IMPACCT Brooklyn, the four-story building will provide 63 apartments reserved for low-income seniors, who will also receive rental subsidies. Twenty of the units will be reserved for seniors at risk for homelessness. The development will also include a dedicated apartment for a live-in superintendent, a community room, and a roof-level recreation room that opens onto a planned green roof and garden.