Spencer Orkus
L+M Development Partners
(L&M Development Partners)
1865 Palmer Avenue, Floor 2 Larchmont, NY 10538
2 Park Avenue, Floor 23 New York, NY 10016
L+M Development Partners NYC portfolio
$7.6 billion -elevator 52%, condo 14%, development 13%; Manhattan 47%, Brooklyn 25%, Bronx 12%*
20th largest portfolio by dollar value
23,836,936 sqft – elevator 71%, walkup 11%, condo 10%; Manhattan 40%, Brooklyn 38%, Bronx 12%
12th largest by SF
269 properties – Manhattan 51%, Brooklyn 35%, Bronx 9%
11th largest
25,313 residential units – Manhattan 41%, Brooklyn 39%, Bronx 9%
5th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 2 for $29.9 million
Seller signatory: 1 for $17.8 million
Borrower signatory: 2 for $193.5 million
Developer (new building or major alteration): 48 for 205,107 square feet
Top Ten Associated Companies:
NYS Housing Finance Agency (3), NYC Housing Development Corporation (3), New York City Housing Authority (2), UMB Bank (1), New York City Regional Center affiliate (1), M&T Bank (1), New York State Urban Development Corporation (1), NYC Department of Housing Preservation and Development (1), (1), RiseBoro Community Partnership (1)
Top Ten Associated People:
Heather Cottle (1), Patrick Love (1), Lauren Connors (1), Holly Leicht (1), Julie M. Behrens (1), Jonathan Gouveia (1), Spencer Orkus (1), Emily Kurtz (1), April Moreland (1)
Recent activity as signatory:
• Spencer Orkus filed plans for major alteration for 153,580 sqft in Alphabet City, Manhattan, on June 09, 2026.
• L+M Development Partners and Harlem Congregations For Community Improvement borrowed $86.9 million from M&T Bank for 33 Central Park North on May 15, 2026.
• New York City Housing Authority ground leased Campos plaza ii houses valued at $12.1 million to L+M Development Partners and Settlement Housing Fund on February 05, 2026.
• L+M Development Partners and Settlement Housing Fund borrowed $106.6 million from Citibank and New York City Housing Authority for Campos plaza ii houses on February 05, 2026.
• Services for the Underserved and L+M Development Partners sold Schroeders avenue for $17.8 million to RiseBoro Community Partnership and L+M Development Partners on December 20, 2024.
• Spencer Orkus filed plans for new building for 356,813 sqft in Concourse, Bronx, on May 17, 2024.
• L+M Development Partners borrowed $106.6 million from NYS Housing Finance Agency and NYC Department of Housing Preservation and Development for 371 Bristol Street on March 27, 2024.
• L+M Development Partners borrowed $57.6 million from NYS Housing Finance Agency for 315 Chester Street on December 13, 2023.
• Spencer Orkus filed plans for new building for 380,472 sqft in East New York, Brooklyn, on October 18, 2023.
• Spencer Orkus filed plans for new building for 182,840 sqft in East New York, Brooklyn, on October 18, 2023.