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Rendering of Sendero Verde/ Image credit: Handel Architects Rendering of Sendero Verde/ Image credit: Handel Architects

NEW YORK CITY— L+M Development Partners, Jonathan Rose Companies & Acacia Network closed on $223 million in financing for Phase One of a 100% affordable housing project in East Harlem, called Sendero Verde. When all phases are completed, the complex will have nearly 700 units of affordable housing, community and social service space, a school, open public space, community gardens and neighborhood retail. It will build up one of the largest remaining development sites in Manhattan.

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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