Nelson Management Group and L+M Development Partners announced the completion of the full-scale makeover for the Promenade Apartments located at 150 West 225th Street in the Bronx. Since the property was purchased in 2013, building systems such as the elevators, boilers, and roof have been replaced, along with a complete...

Deals & Dealmakers

Nelson, L+M Riverdale complex ‘redefining affordable luxury’

REW July 22, 2015 July 22, 2015

by REWJuly 22, 2015July 22, 20151513

With an ambitious transformation program well underway, Nelson Management Group and L+M Development Partners yesterday (Tuesday) unveiled the first renderings for Promenade Apartments in Riverdale. Perched above the water at 150 West 225th Street, the 318-unit waterfront tower is in the midst of a full-scale capital improvement initiative. The 33-story,...

Construction & Design

Sprawling Bronx apartment complex gets $17M makeover

REW June 15, 2015 June 15, 2015

by REWJune 15, 2015June 15, 20151476

A $17 million renovation project has been completed in the Soundview neighborhood of the Bronx. The 972-unit Lafayette Boynton complex has been given the massive overhaul by Nelson Management Group, through its investment arm Global One Investments led by principals Robert Nelson and Michael Gerstein, and L+M Development Partners, through its...

Construction & Design

Partners plan $11M overhaul of LES property

REW May 13, 2015 May 13, 2015

by REWMay 13, 2015May 13, 20151284

Global One Investments, led by principals Michael Gerstein and Robert Nelson, and L+M Development Partners have announced the plans for capital improvements to 257-271 South Street. The joint venture partners acquired the 256-unit apartment building on the Lower East Side for $115 million. The property was previously owned by the...