Spencer Orkus
President Of Development
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
$7.4 billion -elevator 53%, condo 14%, development 13%; Manhattan 47%, Brooklyn 24%, Bronx 12%*
38th largest portfolio by dollar value
23,552,140 sqft – elevator 70%, condo 11%, walkup 11%; Manhattan 39%, Brooklyn 38%, Bronx 13%
18th largest by SF
268 properties – Manhattan 51%, Brooklyn 35%, Bronx 9%
14th largest
24,922 residential units – Manhattan 40%, Brooklyn 39%, Bronx 9%
8th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Other Links:
linkedin.com/company/lm-development-partners-llc
Person Activity past 24 months:
Buyer signatory: 2 for $29.9 million
Seller signatory: 2 for $21.7 million
Borrower signatory: 2 for $193.5 million
Developer (new building or major alteration): 48 for 333,407 square feet
Top Ten Associated Companies:
NYS Housing Finance Agency (3), NYC Housing Development Corporation (3), New York City Housing Authority (2), NYC Department of Housing Preservation and Development (1), (1), M&T Bank (1), RiseBoro Community Partnership (1), L+M Development Partners (1), Apex Building Group (1), Citibank (1)
Top Ten Associated People:
Spencer Orkus (1), Emily Kurtz (1), Jonathan Gouveia (1), Arlo Chase (1), Lee A. Brathwaite (1), Julie M. Behrens (1), April Moreland (1), Heather Cottle (1), Patrick Love (1), Lauren Connors (1)
Recent activity as signatory:
• L+M Development Partners sold None for $3.9 million to Apex Building Group on June 30, 2026.
• Spencer Orkus filed plans for major alteration for 153,580 sqft in Alphabet City, Manhattan, on June 09, 2026.
• Spencer Orkus filed plans for major alteration for 128,300 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.