Press / News

The Two Bridges waterfront is one of the last bastions of affordability in lower Manhattan, but lately it seems word is getting out about its scenic waterfront locale that overlooks the rejuvenated East River shoreline and turn-of-the-century suspension bridges. Read more

In an area on the Lower East Side that’s quickly becoming an epicenter of high-rise development, Nelson Management Group and L+M Development Partners are now set to renovate a 19-story building located at 275 South Street. On Monday, the developers released new renderings for the project, which includes 256 rentals, half of which are for middle-income families. Read more

The Bronx isn't immune to the same development boom that the rest of the city is experiencing. New residential projects of all stripes—some developers like WHEDco have taken to creating fully affordable apartment buildings in the borough—as well as new commercial and retail developments are springing up, particularly in the South Bronx. With its proximity to Manhattan, the South Bronx has become the epicenter of The Bronx's new development surge. But that doesn't mean other parts of the borough have been left out entirely—City Island saw its first new condo complex in over a decade. Read more

Brooklyn, NY Nelson Management/Global One Investments has tapped Imani Q’ryn Realty, a residential brokerage, to serve as exclusive broker for Atlantic Plaza Towers, a two-building, 718-unit complex located on the edge of Bed Stuy & Crown Heights section. The property is located at 216 Rockaway Ave. and 249 Thomas S. Boyland St. Read more

It has been more than 20 years since Emily Brown, a retired social worker in the Bronx, has seen the holiday lights and decorations at Rockefeller Center, Bergdorf Goodman, Saks Fifth Avenue and Cartier. It would just be too much trouble and too many people. But this year, Ms. Brown, 76, has to go no farther than her own lobby to get a taste of them. Read more

It’s a Marble Hill makeover. Investors who bought a crumbling affordable housing complex in the Upper Manhattan neighborhood two years ago have finally unveiled a new look for the formerly troubled tower. Read more

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 New York Affordable Housing Preservation Fund (NYAH). Read more

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 New York Affordable Housing Preservation Fund (NYAH), have reinvigorated Lafayette Boynton, their 972-unit apartment complex in the Soundview neighborhood of the borough, with the completion of $17 million in capital improvements. Read more

Global One Investments, led by principals Michael Gerstein and Robert Nelson, and L+M Development Partners have announced their plans for capital improvements to 257-271 South Street, a 256-unit apartment building on the Lower East Side, which the joint venture recently acquired for $115 million. The property was previously owned by the Starrett Corporation and is now managed by Nelson Management Group, an affiliate of Global One. Read more

Global One Real Estate Fund, led by Robert Nelson, has partnered with NYAH Preservation Fund for the $18.5 million purchase of Promenade Apartments, a 318-unit, 32-story residential Mitchell Lama project in Marble Hill, where the developer plans an extensive re-positioning. Read more