HPD, L+M Development Partners, Bluestone Organization, and Triangle Equities Close on First Phase of New York City’s First Net Zero Community
L+M Development Partners, the Bluestone Organization and Triangle Equities have closed on $30.3 million in financing for the first phase of Arverne East, an ambitious, socially and economically transformative project that will revitalize a vacant 116-acre oceanfront site in the Arverne and Edgemere neighborhoods in Queens’ Rockaway Peninsula and set a new standard for resilient and energy efficient development in coastal areas. 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.
Read a detailed description of our project here.