Lendlease and L+M have brought on a new joint venture partner, Daiwa House Texas, to create a new, transformative mixed-use development at 100 Claremont Avenue, Manhattan.
The project is a 354,000-square-foot mixed-use building including residential and academic components, immersed in the cultural and academic neighborhood of Morningside Heights. Its estimated completion date is spring 2023.
Daiwa House is providing Lendlease and L+M, the two development partners, with substantial equity investment for the project. Daiwa House Texas Inc. is a wholly-owned subsidiary of Japan-based Daiwa House Industry Co., which is Japan’s largest homebuilder and one of the world’s largest public companies. Daiwa House Texas Inc. is pursuing a strategic initiative to expand the company’s business in North America.
The joint venture partnership also recently announced in June 2020
