L+M Development Partners
The Bluestone Organization
Master Planning and Development of 80+ Acre Resilient/Sustainable Community
Arverne East is the result of a public-private partnership with the City of New York. A tri-venture team of Triangle Equities, L+M Development Partners, and the Bluestone Organization was selected through an RFP process run by the NYC Department of Housing Preservation and Development (HPD) for the development of a resilient and sustainable community on an 80+ acre site on the Rockaway Peninsula.
Plans for the site include the development of a sustainable and resilient community of approximately 1,200 residential units, approximately 150,000 SF of community retail and restaurant space, a nature preserve, and a boardwalk. The importance of coastal resiliency is abundantly clear in the wake of Hurricane Sandy, and the construction of a resiliency preserve will ensure that the Rockaway Peninsula area, vulnerable to flooding from bay and sea storm surges, ground water liquefaction, and surface rain, is well protected against future “superstorms.”