265-275 Cherry Street

Lands End II Complex Sold to Related for $435M

Last modified November 19, 2020 at 7:38 pm

Related Companies finalized a deal this week to acquire two Section 8 affordable housing properties on the Lower East Side waterfront. The $435 million transaction for Lands End II at 265-275 Cherry Street, first reported by the Real Deal, is touted as one of the largest multifamily deals to go through since the outset of […]

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Two 50-Story Towers Planned for Lands End Parking Lots on the LES Waterfront

Last modified January 18, 2017 at 11:43 pm

Developers are planning for gold – and succeeding – down on South Street. The bad news just keeps coming. Seriously, the pace of waterfront development on the Lower East Side is quickening beyond comprehension. It’s not enough that we have an 80-story Extell tower (i.e. One Manhattan Square), or the recently revealed 77-story behemoth at […]

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L+M Development Partners Picks Up Another Riverside Housing Complex at 257-271 South Street

Posted February 10, 2015 at 5:13 am

A year after acquiring the affordable housing complex at 265-275 Cherry Street, Essex Crossing co-developer L+M Development Partners just completed another Lower East Side transaction. Right next door, too. Indeed, it was announced yesterday that L+M Development Partners purchased the 19-story mixed-income property at 257-271 South Street with a little help from its friends at […]

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Affordable Housing Complex at 265-267 Cherry Street is Sold

Posted December 24, 2013 at 6:00 am

The affordable housing complex at 265-275 Cherry Street was just acquired for an undisclosed sum. Apparently, real estate firm CIM Group joined forces with L+M Development Partners for the transaction, its third city pickup this year. Additional terms of the deal were not revealed. The investment is being touted – in hindsight – as a […]

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New Palliative Care Facility Proposed for Lower East Side

Posted April 29, 2013 at 6:10 am

Despite the imminent riverside gold rush at the hands of Extell (vis-a-vis Pathmark) and discussion of NYCHA infill, a much different development could be on the way.

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